Triasima Portfolio Management inc. Sells 2,135 Shares of West Fraser Timber Co. Ltd. (NYSE:WFG)

Triasima Portfolio Management inc. decreased its holdings in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 8.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 23,952 shares of the company’s stock after selling 2,135 shares during the period. Triasima Portfolio Management inc.’s holdings in West Fraser Timber were worth $2,074,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Moors & Cabot Inc. increased its position in shares of West Fraser Timber by 3.5% in the 3rd quarter. Moors & Cabot Inc. now owns 4,420 shares of the company’s stock valued at $430,000 after buying an additional 150 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of West Fraser Timber by 0.4% during the 3rd quarter. CIBC Asset Management Inc now owns 71,471 shares of the company’s stock worth $6,966,000 after buying an additional 311 shares during the last quarter. Signaturefd LLC boosted its stake in shares of West Fraser Timber by 77.4% during the 3rd quarter. Signaturefd LLC now owns 880 shares of the company’s stock worth $86,000 after buying an additional 384 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of West Fraser Timber by 1.6% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 34,466 shares of the company’s stock worth $3,285,000 after buying an additional 532 shares during the last quarter. Finally, D.B. Root & Company LLC raised its holdings in shares of West Fraser Timber by 24.0% in the 4th quarter. D.B. Root & Company LLC now owns 2,840 shares of the company’s stock valued at $246,000 after purchasing an additional 549 shares during the period. Institutional investors own 40.23% of the company’s stock.

West Fraser Timber Stock Performance

Shares of West Fraser Timber stock opened at $85.80 on Friday. West Fraser Timber Co. Ltd. has a fifty-two week low of $73.91 and a fifty-two week high of $102.40. The company’s 50 day moving average price is $88.84 and its two-hundred day moving average price is $90.62.

West Fraser Timber Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, December 27th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, December 27th. This represents a $1.28 dividend on an annualized basis and a yield of 1.49%. This is a positive change from West Fraser Timber’s previous quarterly dividend of $0.24. West Fraser Timber’s dividend payout ratio (DPR) is currently -100.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Scotiabank dropped their target price on shares of West Fraser Timber from $120.00 to $109.00 and set a “sector outperform” rating on the stock in a report on Monday. Raymond James lowered their target price on shares of West Fraser Timber from $120.00 to $115.00 in a report on Thursday, January 30th. Finally, 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. Four research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $111.40.

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.