West Fraser Timber (NYSE:WFG) Price Target Lowered to $105.00 at Raymond James

West Fraser Timber (NYSE:WFG) had its target price cut by Raymond James from $115.00 to $105.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts also recently commented on the stock. BMO Capital Markets upped their price objective on shares of West Fraser Timber from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Scotiabank dropped their target price on shares of West Fraser Timber from $120.00 to $109.00 and set a “sector outperform” rating for the company in a research report on Monday, February 3rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $109.40.

West Fraser Timber Stock Performance

WFG stock opened at $80.45 on Thursday. The firm has a market cap of $6.25 billion, a P/E ratio of -62.85 and a beta of 1.22. The firm’s fifty day moving average is $87.68 and its 200 day moving average is $90.69. West Fraser Timber has a 52 week low of $73.91 and a 52 week high of $102.40.

West Fraser Timber (NYSE:WFG) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.55) by $0.63. West Fraser Timber had a positive return on equity of 0.53% and a negative net margin of 1.53%. As a group, analysts forecast that West Fraser Timber will post 1.59 EPS for the current year.

West Fraser Timber Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend is Friday, March 14th. West Fraser Timber’s dividend payout ratio (DPR) is -100.00%.

Institutional Trading of West Fraser Timber

Large investors have recently made changes to their positions in the stock. Smead Capital Management Inc. boosted its holdings in West Fraser Timber by 5.1% in the third quarter. Smead Capital Management Inc. now owns 118,108 shares of the company’s stock worth $11,507,000 after purchasing an additional 5,743 shares during the last quarter. Janus Henderson Group PLC boosted its stake in shares of West Fraser Timber by 383.7% in the 3rd quarter. Janus Henderson Group PLC now owns 74,814 shares of the company’s stock worth $7,296,000 after buying an additional 59,347 shares during the last quarter. Cerity Partners LLC boosted its position in West Fraser Timber by 128.0% in the third quarter. Cerity Partners LLC now owns 247,400 shares of the company’s stock worth $24,087,000 after purchasing an additional 138,871 shares during the last quarter. Manning & Napier Advisors LLC grew its position in West Fraser Timber by 14.7% during the fourth quarter. Manning & Napier Advisors LLC now owns 853,038 shares of the company’s stock valued at $73,830,000 after buying an additional 109,447 shares during the period. Finally, Jane Street Group LLC grew its position in shares of West Fraser Timber by 35.3% during the 3rd quarter. Jane Street Group LLC now owns 26,422 shares of the company’s stock valued at $2,574,000 after acquiring an additional 6,891 shares during the period. 40.23% of the stock is currently owned by institutional investors.

About West Fraser Timber

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.