US Bancorp DE Sells 200 Shares of West Fraser Timber Co. Ltd. (NYSE:WFG)

US Bancorp DE cut its position in West Fraser Timber Co. Ltd. (NYSE:WFG) by 15.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,084 shares of the company’s stock after selling 200 shares during the quarter. US Bancorp DE’s holdings in West Fraser Timber were worth $94,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Smead Capital Management Inc. boosted its stake in West Fraser Timber by 5.1% in the 3rd quarter. Smead Capital Management Inc. now owns 118,108 shares of the company’s stock valued at $11,507,000 after purchasing an additional 5,743 shares during the period. Alberta Investment Management Corp boosted its stake in West Fraser Timber by 58.7% in the 4th quarter. Alberta Investment Management Corp now owns 293,903 shares of the company’s stock valued at $25,452,000 after purchasing an additional 108,670 shares during the period. Vontobel Holding Ltd. raised its holdings in West Fraser Timber by 6.3% in the 4th quarter. Vontobel Holding Ltd. now owns 607,438 shares of the company’s stock valued at $52,565,000 after acquiring an additional 35,855 shares in the last quarter. Janus Henderson Group PLC raised its holdings in West Fraser Timber by 383.7% in the 3rd quarter. Janus Henderson Group PLC now owns 74,814 shares of the company’s stock valued at $7,296,000 after acquiring an additional 59,347 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in West Fraser Timber by 128.0% in the 3rd quarter. Cerity Partners LLC now owns 247,400 shares of the company’s stock valued at $24,087,000 after acquiring an additional 138,871 shares in the last quarter. 40.23% of the stock is currently owned by institutional investors.

West Fraser Timber Stock Performance

West Fraser Timber stock opened at $76.45 on Monday. West Fraser Timber Co. Ltd. has a 52 week low of $73.91 and a 52 week high of $102.40. The stock has a market capitalization of $5.91 billion, a P/E ratio of -364.03 and a beta of 1.23. The stock has a fifty day moving average of $83.37 and a 200-day moving average of $89.52.

West Fraser Timber (NYSE:WFG) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.63. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. On average, research analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current year.

West Fraser Timber Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Friday, March 14th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.67%. West Fraser Timber’s dividend payout ratio (DPR) is currently -609.52%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on WFG shares. Raymond James dropped their price objective on West Fraser Timber from $115.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Scotiabank dropped their price objective on West Fraser Timber from $109.00 to $100.00 and set a “sector outperform” rating for the company in a report on Tuesday, February 18th. Finally, TD Securities dropped their price objective on West Fraser Timber from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, February 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $106.00.

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.