West Fraser Timber Co. Ltd. (NYSE:WFG) Shares Bought by Inspire Advisors LLC

Inspire Advisors LLC lifted its stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 8.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,403 shares of the company’s stock after purchasing an additional 350 shares during the period. Inspire Advisors LLC’s holdings in West Fraser Timber were worth $381,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in West Fraser Timber by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,785,571 shares of the company’s stock valued at $202,065,000 after purchasing an additional 39,929 shares during the last quarter. Hsbc Holdings PLC grew its position in West Fraser Timber by 29.3% in the fourth quarter. Hsbc Holdings PLC now owns 268,764 shares of the company’s stock worth $23,005,000 after acquiring an additional 60,823 shares during the period. GRS Advisors LLC increased its stake in West Fraser Timber by 14.7% during the fourth quarter. GRS Advisors LLC now owns 455,910 shares of the company’s stock worth $39,017,000 after acquiring an additional 58,488 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in West Fraser Timber by 36.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 83,705 shares of the company’s stock valued at $7,163,000 after purchasing an additional 22,438 shares during the period. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in shares of West Fraser Timber by 21.3% in the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 49,200 shares of the company’s stock valued at $4,230,000 after purchasing an additional 8,630 shares during the last quarter. 40.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WFG. Royal Bank of Canada restated an “outperform” rating and issued a $97.00 price objective on shares of West Fraser Timber in a report on Thursday, March 28th. TD Securities boosted their price target on shares of West Fraser Timber from $115.00 to $118.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $106.25.

West Fraser Timber Trading Up 1.7 %

NYSE:WFG traded up $1.26 on Tuesday, reaching $77.30. 91,341 shares of the company’s stock were exchanged, compared to its average volume of 164,772. The firm has a market capitalization of $6.10 billion, a price-to-earnings ratio of -62.84 and a beta of 1.16. West Fraser Timber Co. Ltd. has a 52-week low of $64.11 and a 52-week high of $90.17. The company has a quick ratio of 1.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.03. The business has a fifty day moving average of $78.48 and a 200-day moving average of $80.33.

West Fraser Timber (NYSE:WFG) last announced its earnings results on Tuesday, April 23rd. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.48. West Fraser Timber had a negative net margin of 1.39% and a positive return on equity of 2.35%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same period in the prior year, the firm earned ($0.52) EPS. The firm’s revenue for the quarter was up .0% on a year-over-year basis. As a group, analysts expect that West Fraser Timber Co. Ltd. will post 4.73 earnings per share for the current year.

West Fraser Timber Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Wednesday, June 26th were issued a $0.32 dividend. The ex-dividend date was Wednesday, June 26th. This represents a $1.28 dividend on an annualized basis and a yield of 1.66%. West Fraser Timber’s dividend payout ratio (DPR) is presently -105.78%.

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.