Union Bancaire Privee UBP SA Makes New Investment in West Fraser Timber Co. Ltd. (NYSE:WFG)

Union Bancaire Privee UBP SA purchased a new stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 12,019 shares of the company’s stock, valued at approximately $1,040,000.

A number of other institutional investors have also recently made changes to their positions in the company. Alberta Investment Management Corp lifted its position in shares of West Fraser Timber by 58.7% during the 4th quarter. Alberta Investment Management Corp now owns 293,903 shares of the company’s stock valued at $25,452,000 after buying an additional 108,670 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of West Fraser Timber during the 4th quarter valued at $39,000. Atria Wealth Solutions Inc. lifted its position in shares of West Fraser Timber by 4.3% during the 4th quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company’s stock valued at $250,000 after buying an additional 120 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of West Fraser Timber by 1.9% during the 4th quarter. Principal Financial Group Inc. now owns 12,202 shares of the company’s stock valued at $1,057,000 after buying an additional 228 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of West Fraser Timber by 6.3% during the 4th quarter. Vontobel Holding Ltd. now owns 607,438 shares of the company’s stock valued at $52,565,000 after buying an additional 35,855 shares during the last quarter. Hedge funds and other institutional investors own 40.23% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Raymond James dropped their price target on West Fraser Timber from $115.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Scotiabank decreased their price objective on West Fraser Timber from $109.00 to $100.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, February 18th. Finally, TD Securities decreased their price objective on West Fraser Timber from $120.00 to $110.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Five research analysts have rated the stock with a buy rating, According to MarketBeat, West Fraser Timber has a consensus rating of “Buy” and an average price target of $106.00.

West Fraser Timber Stock Performance

NYSE:WFG opened at $78.91 on Monday. West Fraser Timber Co. Ltd. has a 52-week low of $73.91 and a 52-week high of $102.40. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of -375.77 and a beta of 1.22. The business’s fifty day moving average is $86.16 and its 200 day moving average is $90.49.

West Fraser Timber (NYSE:WFG) last announced its earnings results on Wednesday, February 12th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.63. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. Equities analysts predict that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current fiscal year.

West Fraser Timber Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Friday, March 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.28 dividend on an annualized basis and a yield of 1.62%. West Fraser Timber’s dividend payout ratio is currently -609.52%.

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.