Barclays PLC Sells 5,691 Shares of West Fraser Timber Co. Ltd. (NYSE:WFG)

Barclays PLC lowered its position in West Fraser Timber Co. Ltd. (NYSE:WFG) by 79.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,428 shares of the company’s stock after selling 5,691 shares during the period. Barclays PLC’s holdings in West Fraser Timber were worth $124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WFG. Headlands Technologies LLC bought a new position in West Fraser Timber during the fourth quarter worth about $35,000. Kestra Investment Management LLC acquired a new position in shares of West Fraser Timber in the fourth quarter valued at $39,000. Signaturefd LLC grew its holdings in West Fraser Timber by 22.5% in the 4th quarter. Signaturefd LLC now owns 1,078 shares of the company’s stock valued at $93,000 after buying an additional 198 shares in the last quarter. D.B. Root & Company LLC boosted its stake in shares of West Fraser Timber by 24.0% in the fourth quarter. D.B. Root & Company LLC now owns 2,840 shares of the company’s stock valued at $246,000 after buying an additional 549 shares during the period. Finally, Atria Wealth Solutions Inc. raised its position in shares of West Fraser Timber by 4.3% in the 4th quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company’s stock valued at $250,000 after buying an additional 120 shares in the last quarter. 40.23% of the stock is currently owned by institutional investors and hedge funds.

West Fraser Timber Stock Down 3.6%

Shares of WFG stock opened at $73.74 on Thursday. West Fraser Timber Co. Ltd. has a 12-month low of $69.48 and a 12-month high of $102.40. The business has a 50-day moving average price of $75.04 and a two-hundred day moving average price of $83.62. The firm has a market cap of $5.69 billion, a P/E ratio of -351.14 and a beta of 1.21.

West Fraser Timber (NYSE:WFG) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.15). West Fraser Timber had a negative net margin of 0.08% and a positive return on equity of 0.88%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.53 billion. As a group, research analysts expect that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. TD Securities dropped their price target on West Fraser Timber from $99.00 to $98.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Raymond James dropped their target price on West Fraser Timber from $105.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, April 22nd. Scotiabank reduced their price objective on West Fraser Timber from $109.00 to $100.00 and set a “sector outperform” rating for the company in a research note on Tuesday, February 18th. Finally, Royal Bank of Canada lowered their price target on shares of West Fraser Timber from $117.00 to $99.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $100.40.

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.