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

US Bancorp DE lowered its position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 15.6% during the fourth quarter, HoldingsChannel reports. The fund 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 hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Investment Management LLC bought a new stake in West Fraser Timber during the 4th quarter worth $39,000. Quantinno Capital Management LP bought a new stake in shares of West Fraser Timber in the 3rd quarter valued at about $258,000. D.B. Root & Company LLC grew its position 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 buying an additional 549 shares during the last quarter. Atria Wealth Solutions Inc. grew 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 during the last quarter. Finally, Moors & Cabot Inc. grew 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 during the last quarter. Institutional investors own 40.23% of the company’s stock.

West Fraser Timber Price Performance

Shares of West Fraser Timber stock opened at $76.45 on Monday. West Fraser Timber Co. Ltd. has a one year low of $73.91 and a one year high of $102.40. The stock’s 50-day moving average is $83.37 and its 200 day moving average is $89.52. The firm has a market cap of $5.91 billion, a price-to-earnings ratio of -364.03 and a beta of 1.23.

West Fraser Timber (NYSE:WFG) last announced its earnings results on Wednesday, February 12th. The company reported $0.08 EPS for the quarter, beating the consensus estimate 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, sell-side analysts expect that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current fiscal year.

West Fraser Timber Announces Dividend

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

Analyst Ratings Changes

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

West Fraser Timber 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.