Great West Life Assurance Co. Can increased its stake in West Fraser Timber Co. Ltd. in shares (NYSE: WFG – Get an estimate) by 5.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,796 shares of the company’s stock after buying an additional 10,026 shares during the quarter. Great West Life Assurance Co. Can owned 0.24% of West Fraser Timber worth $14,332,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also changed their holdings in the company. DekaBank Deutsche Girozentrale boosted its holdings in shares of West Fraser Timber by 9.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 140,395 shares of the company’s stock valued at $10,451,000 after purchasing an additional 11,969 shares in the last quarter. Ontario Teachers Pension Plan Board boosted its position in West Fraser Timber by 55.6% in the second quarter. Ontario Teachers Pension Plan Board now owns 20,065 shares of the company’s stock valued at $1,540,000 after buying 7,172 shares in the last quarter. Franklin Resources Inc. boosted its position in West Fraser Timber by 37.1% in the second quarter. Franklin Resources Inc. now owns 57,473 shares of the company’s stock valued at $4,410,000 after purchasing an additional 15,567 shares in the last quarter. Credit Suisse AG boosted its position in West Fraser Timber by 51.7% in the second quarter. Credit Suisse AG now owns 217,106 shares of the company’s stock valued at $16,659,000 after purchasing an additional 73,994 shares during the last quarter. Finally, Assenagon Asset Management SA boosted its position in West Fraser Timber by 31.8% in the second quarter. Assenagon Asset Management SA now owns 24,261 shares of the company’s stock valued at $1,858,000 after purchasing an additional 5,853 shares in the last quarter. Hedge funds and other institutional investors own 45.74% of the company’s shares.
West Fraser Timber Price Indicators
Shares NYSE: WFG opened at $72.86 on Thursday. West Fraser Timber Co. Ltd. a fifty-two week low of $68.75 and a fifty-two week high of $102.96. The company has a 50 day moving average of $76.37 and a two hundred day moving average of $80.77. The stock has a market capitalization of $5.93 billion, a P/E ratio of 3.10 and a beta of 0.84. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.36, and a quick ratio of 2.21.
Western Fraser wood (NYSE: WFG – Get an estimate) last released its quarterly earnings results on Wednesday, October 26th. The company reported $2.50 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.45. West Fraser Timber had a return on equity of 30.16% and a net margin of 23.73%. The company had revenue of $2.09 billion in the quarter. On average, equities research analysts predict that West Fraser Timber Co. Ltd. has 21.45 EPS for the current fiscal year.
West Fraser timber dividend announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were paid a $0.30 dividend. The ex-dividend date was Thursday, December 29th. This translates to a dividend of $1.20 on an annualized basis and a dividend yield of 1.65%. West Fraser Timber’s payout ratio is currently 5.11%.
Changes in analyst ratings
A number of research firms have recently issued reports on WFG. CIBC lowered West Fraser Timber from an “outperform” rating to a “neutral” rating in a research report on Monday, October 3rd. Raymond James downgraded West Fraser Timber from a “strong-buy” rating to an “outperform” rating in a research report on Monday, October 24th. Finally, Credit Suisse Group began coverage on West Fraser Timber in a research report on Tuesday, November 22nd. They issued a “neutral” rating and a $100.00 target price for the company.
West Fraser Timber company details
West Fraser Timber Co Ltd, a versatile timber products company. engages in the production, sale, marketing and distribution of lumber, artificial wood products, pulp, newsprint, wood chips and other waste and renewable energy. It offers spruce-spruce and southern yellow pine lumber, engineered wood products, medium density fiberboard panels and plywood, oriented strand board and laminated veneer lumber products.
Further reading
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