Quantbot Technologies LP acquired a new stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG – Free Report) in the third quarter, HoldingsChannel reports. The fund acquired 7,872 shares of the company’s stock, valued at approximately $571,000.
A number of other hedge funds have also recently bought and sold shares of the business. ICA Group Wealth Management LLC bought a new position in West Fraser Timber during the 4th quarter worth approximately $43,000. EverSource Wealth Advisors LLC lifted its holdings in West Fraser Timber by 136.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 984 shares of the company’s stock worth $85,000 after buying an additional 567 shares during the last quarter. SG Americas Securities LLC bought a new position in West Fraser Timber during the 3rd quarter worth approximately $112,000. Moors & Cabot Inc. lifted its holdings in West Fraser Timber by 8.4% during the 1st quarter. Moors & Cabot Inc. now owns 2,525 shares of the company’s stock worth $208,000 after buying an additional 195 shares during the last quarter. Finally, Advisor Group Holdings Inc. lifted its holdings in West Fraser Timber by 15.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 2,632 shares of the company’s stock worth $217,000 after buying an additional 344 shares during the last quarter. Institutional investors and hedge funds own 46.23% of the company’s stock.
West Fraser Timber Price Performance
Shares of NYSE WFG opened at $77.15 on Wednesday. West Fraser Timber Co. Ltd. has a 52-week low of $64.11 and a 52-week high of $90.17. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.47 and a current ratio of 3.51. The stock’s fifty day simple moving average is $81.43 and its 200 day simple moving average is $76.60.
West Fraser Timber Announces Dividend
Wall Street Analysts Forecast Growth
WFG has been the topic of a number of research analyst reports. Raymond James increased their target price on West Fraser Timber from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Tuesday. TheStreet raised West Fraser Timber from a “d+” rating to a “c” rating in a report on Friday, October 27th. Royal Bank of Canada cut their price target on West Fraser Timber from $95.00 to $90.00 and set an “outperform” rating on the stock in a report on Tuesday, December 19th. Finally, Scotiabank set a $100.00 price target on West Fraser Timber and gave the stock an “outperform” rating in a report on Monday, January 22nd. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $103.75.
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 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.
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