Barclays PLC Has $693,000 Stock Holdings in West Fraser Timber Co. Ltd. (NYSE:WFG)

Barclays PLC boosted its position in West Fraser Timber Co. Ltd. (NYSE:WFG) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,119 shares of the company’s stock after buying an additional 647 shares during the period. Barclays PLC’s holdings in West Fraser Timber were worth $693,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in WFG. Signaturefd LLC grew its stake in shares of West Fraser Timber by 60.0% in the 2nd quarter. Signaturefd LLC now owns 496 shares of the company’s stock worth $38,000 after acquiring an additional 186 shares in the last quarter. Ensign Peak Advisors Inc purchased a new position in shares of West Fraser Timber during the second quarter worth about $44,000. US Bancorp DE grew its stake in West Fraser Timber by 82.9% in the 3rd quarter. US Bancorp DE now owns 1,284 shares of the company’s stock worth $125,000 after buying an additional 582 shares in the last quarter. D.B. Root & Company LLC bought a new stake in shares of West Fraser Timber during the 3rd quarter worth $223,000. Finally, Quantinno Capital Management LP purchased a new position in shares of West Fraser Timber during the third quarter worth approximately $258,000. Institutional investors own 40.23% of the company’s stock.

West Fraser Timber Trading Up 0.5 %

Shares of WFG opened at $86.55 on Thursday. The business’s fifty day simple moving average is $92.26 and its two-hundred day simple moving average is $88.80. West Fraser Timber Co. Ltd. has a 12 month low of $73.91 and a 12 month high of $102.40. The company has a market cap of $6.95 billion, a price-to-earnings ratio of -67.62 and a beta of 1.19.

West Fraser Timber (NYSE:WFG) last posted 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 company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.45 billion. West Fraser Timber had a positive return on equity of 0.53% and a negative net margin of 1.53%. During the same period last year, the business earned $1.81 EPS. As a group, research analysts forecast that West Fraser Timber Co. Ltd. will post 0.95 EPS for the current year.

West Fraser Timber Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, December 27th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from West Fraser Timber’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a yield of 1.48%. West Fraser Timber’s dividend payout ratio is presently -100.00%.

Analyst Upgrades and Downgrades

WFG has been the topic of several analyst reports. BMO Capital Markets lifted their target price on shares of West Fraser Timber from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Scotiabank lifted their price objective on West Fraser Timber from $100.00 to $120.00 and gave the stock a “sector outperform” rating in a research report on Friday, October 25th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $111.60.

About West Fraser Timber

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.