Signaturefd LLC Boosts Stock Holdings in West Fraser Timber Co. Ltd. (NYSE:WFG)

Signaturefd LLC grew its position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 77.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 880 shares of the company’s stock after buying an additional 384 shares during the quarter. Signaturefd LLC’s holdings in West Fraser Timber were worth $86,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Toronto Dominion Bank grew its holdings in shares of West Fraser Timber by 0.4% during the second quarter. Toronto Dominion Bank now owns 30,040 shares of the company’s stock valued at $2,309,000 after buying an additional 125 shares during the last quarter. Inspire Advisors LLC boosted its holdings in West Fraser Timber by 4.3% in the second quarter. Inspire Advisors LLC now owns 4,592 shares of the company’s stock worth $353,000 after purchasing an additional 189 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in West Fraser Timber by 4.7% in the second quarter. Moors & Cabot Inc. now owns 4,270 shares of the company’s stock worth $328,000 after purchasing an additional 190 shares during the last quarter. Bank of Nova Scotia Trust Co. boosted its holdings in West Fraser Timber by 6.9% in the first quarter. Bank of Nova Scotia Trust Co. now owns 3,472 shares of the company’s stock worth $300,000 after purchasing an additional 224 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in West Fraser Timber by 3.6% in the first quarter. Quantbot Technologies LP now owns 6,752 shares of the company’s stock worth $584,000 after purchasing an additional 236 shares during the last quarter. Hedge funds and other institutional investors own 40.23% of the company’s stock.

West Fraser Timber Trading Down 0.2 %

WFG opened at $97.17 on Tuesday. The company has a market capitalization of $7.80 billion, a PE ratio of -75.91 and a beta of 1.16. West Fraser Timber Co. Ltd. has a 1-year low of $65.68 and a 1-year high of $102.40. The firm’s 50 day simple moving average is $93.38 and its two-hundred day simple moving average is $84.66.

West Fraser Timber (NYSE:WFG) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported ($1.03) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.87). The firm had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. West Fraser Timber had a negative net margin of 1.53% and a positive return on equity of 0.53%. During the same quarter in the previous year, the business earned $1.81 earnings per share. Equities analysts forecast that West Fraser Timber Co. Ltd. will post 1.61 earnings per share for the current fiscal year.

West Fraser Timber Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 26th were given a dividend of $0.237 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.95 annualized dividend and a dividend yield of 0.98%. West Fraser Timber’s payout ratio is -74.22%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on WFG shares. BMO Capital Markets raised their target price on shares of West Fraser Timber from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Royal Bank of Canada raised their target price on shares of West Fraser Timber from $97.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, Scotiabank increased their price target on shares of West Fraser Timber from $100.00 to $120.00 and gave the stock a “sector outperform” rating in a research report on Friday. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $111.60.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.