West Fraser Timber (WFG) to Release Earnings on Wednesday

West Fraser Timber (NYSE:WFGGet Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, February 14th.

West Fraser Timber Stock Down 0.7 %

WFG stock opened at $77.15 on Wednesday. The company has a market cap of $6.13 billion, a P/E ratio of -54.72 and a beta of 1.17. West Fraser Timber has a fifty-two week low of $64.11 and a fifty-two week high of $90.17. The stock’s 50 day simple moving average is $81.43 and its 200 day simple moving average is $76.60. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.47 and a current ratio of 3.51.

West Fraser Timber Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Thursday, December 28th. West Fraser Timber’s dividend payout ratio (DPR) is presently -85.11%.

Hedge Funds Weigh In On West Fraser Timber

A number of large investors have recently made changes to their positions in WFG. Norges Bank bought a new position in shares of West Fraser Timber in the fourth quarter worth $116,809,000. Price T Rowe Associates Inc. MD raised its position in shares of West Fraser Timber by 124.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 696,637 shares of the company’s stock worth $49,630,000 after buying an additional 386,371 shares in the last quarter. Millennium Management LLC raised its position in shares of West Fraser Timber by 181.4% in the fourth quarter. Millennium Management LLC now owns 399,939 shares of the company’s stock worth $28,897,000 after buying an additional 257,798 shares in the last quarter. 1832 Asset Management L.P. raised its position in shares of West Fraser Timber by 158,797.0% in the first quarter. 1832 Asset Management L.P. now owns 158,897 shares of the company’s stock worth $12,912,000 after buying an additional 158,797 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of West Fraser Timber by 95.5% in the first quarter. Renaissance Technologies LLC now owns 206,100 shares of the company’s stock worth $16,986,000 after buying an additional 100,700 shares in the last quarter. 46.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

WFG has been the subject of several recent analyst reports. Raymond James upped their target price on West Fraser Timber from $100.00 to $105.00 and gave the company a “strong-buy” rating in a report on Tuesday. Royal Bank of Canada reduced their target price on West Fraser Timber from $95.00 to $90.00 and set an “outperform” rating for the company in a report on Tuesday, December 19th. TheStreet raised West Fraser Timber from a “d+” rating to a “c” rating in a report on Friday, October 27th. Finally, Scotiabank set a $100.00 price objective on West Fraser Timber and gave the company 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 data from MarketBeat.com, West Fraser Timber presently has a consensus rating of “Buy” and a consensus target price of $103.75.

Check Out Our Latest Analysis on WFG

West Fraser Timber Company Profile

(Get 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

Earnings History for West Fraser Timber (NYSE:WFG)

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