Inspire Advisors LLC Has $389,000 Stake in West Fraser Timber Co. Ltd. (NYSE:WFG)

Inspire Advisors LLC raised its position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,491 shares of the company’s stock after buying an additional 244 shares during the period. Inspire Advisors LLC’s holdings in West Fraser Timber were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. FMR LLC increased its holdings in shares of West Fraser Timber by 22.5% during the third quarter. FMR LLC now owns 1,447,823 shares of the company’s stock worth $141,047,000 after buying an additional 266,298 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of West Fraser Timber by 37.1% during the third quarter. Thrivent Financial for Lutherans now owns 939,079 shares of the company’s stock valued at $91,429,000 after purchasing an additional 254,220 shares during the last quarter. Manning & Napier Advisors LLC increased its holdings in shares of West Fraser Timber by 14.7% in the fourth quarter. Manning & Napier Advisors LLC now owns 853,038 shares of the company’s stock valued at $73,830,000 after purchasing an additional 109,447 shares in the last quarter. Vontobel Holding Ltd. raised its position in West Fraser Timber by 6.3% in the 4th quarter. Vontobel Holding Ltd. now owns 607,438 shares of the company’s stock worth $52,565,000 after purchasing an additional 35,855 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in West Fraser Timber by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 305,316 shares of the company’s stock worth $29,777,000 after buying an additional 4,945 shares in the last quarter. Institutional investors and hedge funds own 40.23% of the company’s stock.

West Fraser Timber Trading Down 0.8 %

West Fraser Timber stock opened at $75.64 on Thursday. West Fraser Timber Co. Ltd. has a 1 year low of $73.91 and a 1 year high of $102.40. The company has a market cap of $5.85 billion, a PE ratio of -360.20 and a beta of 1.23. The company’s 50-day moving average is $83.80 and its two-hundred day moving average is $89.69.

West Fraser Timber (NYSE:WFG) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates 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%. Research analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current year.

West Fraser Timber Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Friday, March 14th will be paid a $0.32 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.69%. West Fraser Timber’s dividend payout ratio (DPR) is presently -609.52%.

Analyst Upgrades and Downgrades

WFG has been the subject of a number of recent research reports. Raymond James dropped their target price on West Fraser Timber from $115.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. TD Securities dropped their price objective on West Fraser Timber from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, Scotiabank cut their target price on shares of 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 equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average 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.