7,872 Shares in West Fraser Timber Co. Ltd. (NYSE:WFG) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFGFree 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

The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.56%. West Fraser Timber’s dividend payout ratio is -85.11%.

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.

Check Out Our Latest Stock Analysis on WFG

West Fraser Timber Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding WFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for West Fraser Timber Co. Ltd. (NYSE:WFGFree Report).

Institutional Ownership by Quarter for West Fraser Timber (NYSE:WFG)

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