D.B. Root & Company LLC Has $246,000 Stock Holdings in West Fraser Timber Co. Ltd. (NYSE:WFG)

D.B. Root & Company LLC raised its position in West Fraser Timber Co. Ltd. (NYSE:WFG) by 24.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,840 shares of the company’s stock after acquiring an additional 549 shares during the period. D.B. Root & Company LLC’s holdings in West Fraser Timber were worth $246,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Avanza Fonder AB bought a new position in shares of West Fraser Timber during the 4th quarter worth about $529,000. Principal Financial Group Inc. lifted its stake in West Fraser Timber by 12.4% during the third quarter. Principal Financial Group Inc. now owns 11,974 shares of the company’s stock worth $1,168,000 after purchasing an additional 1,323 shares during the period. Tidal Investments LLC lifted its stake in West Fraser Timber by 311.2% during the third quarter. Tidal Investments LLC now owns 10,962 shares of the company’s stock worth $1,067,000 after purchasing an additional 8,296 shares during the period. Barclays PLC boosted its holdings in West Fraser Timber by 10.0% during the third quarter. Barclays PLC now owns 7,119 shares of the company’s stock valued at $693,000 after purchasing an additional 647 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of West Fraser Timber by 6.7% in the 3rd quarter. Geode Capital Management LLC now owns 233,128 shares of the company’s stock valued at $22,499,000 after purchasing an additional 14,662 shares during the period. Institutional investors own 40.23% of the company’s stock.

West Fraser Timber Price Performance

West Fraser Timber stock opened at $90.75 on Thursday. West Fraser Timber Co. Ltd. has a 52 week low of $73.91 and a 52 week high of $102.40. The business’s fifty day moving average is $90.53 and its two-hundred day moving average is $89.92.

West Fraser Timber (NYSE:WFG) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.87). The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.45 billion. West Fraser Timber had a negative net margin of 1.53% and a positive return on equity of 0.53%. During the same period in the prior year, the business earned $1.81 EPS. On average, equities analysts expect that West Fraser Timber Co. Ltd. will post 1.59 earnings per share for the current fiscal year.

West Fraser Timber Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, December 27th were given a dividend of $0.32 per share. The ex-dividend date was Friday, December 27th. This is an increase from West Fraser Timber’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a yield of 1.41%. West Fraser Timber’s dividend payout ratio is presently -100.00%.

Wall Street Analyst Weigh In

Several analysts recently commented on WFG shares. Scotiabank boosted their price target on West Fraser Timber from $100.00 to $120.00 and gave the company a “sector outperform” rating in a research note on Friday, October 25th. Raymond James downgraded shares of West Fraser Timber from a “strong-buy” rating to a “moderate buy” rating and reduced their target price for the company from $120.00 to $115.00 in a research note on Monday. Finally, BMO Capital Markets increased their target price on shares of West Fraser Timber from $105.00 to $115.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Four equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $113.60.

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.