Robotti Robert Buys 581 Shares of West Fraser Timber Co. Ltd. (NYSE:WFG)

Robotti Robert grew its position in West Fraser Timber Co. Ltd. (NYSE:WFG) by 0.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 336,026 shares of the company’s stock after buying an additional 581 shares during the quarter. West Fraser Timber makes up approximately 3.9% of Robotti Robert’s portfolio, making the stock its 4th largest position. Robotti Robert owned approximately 0.42% of West Fraser Timber worth $29,043,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Bfsg LLC acquired a new position in West Fraser Timber in the 4th quarter worth approximately $42,000. Accordant Advisory Group Inc acquired a new stake in shares of West Fraser Timber in the first quarter worth $43,000. ICA Group Wealth Management LLC purchased a new position in shares of West Fraser Timber during the fourth quarter valued at $43,000. UniSuper Management Pty Ltd raised its position in West Fraser Timber by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 800 shares of the company’s stock valued at $69,000 after buying an additional 400 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in West Fraser Timber in the 4th quarter worth about $78,000. 40.23% of the stock is owned by hedge funds and other institutional investors.

West Fraser Timber Stock Down 1.3 %

NYSE:WFG traded down $1.16 during mid-day trading on Monday, reaching $86.69. The stock had a trading volume of 272,374 shares, compared to its average volume of 168,778. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.33 and a quick ratio of 1.49. The stock has a market cap of $6.84 billion, a P/E ratio of -71.64 and a beta of 1.16. The business’s 50 day moving average is $78.81 and its 200 day moving average is $80.06. West Fraser Timber Co. Ltd. has a fifty-two week low of $64.11 and a fifty-two week high of $89.57.

West Fraser Timber (NYSE:WFG) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.29 by ($0.09). West Fraser Timber had a return on equity of 3.83% and a net margin of 2.23%. The business had revenue of $1.71 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter last year, the company earned ($0.03) EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that West Fraser Timber Co. Ltd. will post 3.3 earnings per share for the current year.

West Fraser Timber Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Wednesday, June 26th were given a $0.32 dividend. The ex-dividend date was Wednesday, June 26th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.48%. West Fraser Timber’s dividend payout ratio is currently -105.79%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on WFG. Royal Bank of Canada upped their target price on West Fraser Timber from $97.00 to $100.00 and gave the company an “outperform” rating in a report on Friday. TD Securities increased their target price on shares of West Fraser Timber from $115.00 to $118.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $106.75.

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.