41,731 Shares in West Fraser Timber Co. Ltd. $WFG Bought by Deutsche Bank AG

Deutsche Bank AG acquired a new stake in West Fraser Timber Co. Ltd. (NYSE:WFG) during the 2nd quarter, Holdings Channel reports. The fund acquired 41,731 shares of the company’s stock, valued at approximately $2,825,000.

A number of other institutional investors also recently modified their holdings of WFG. Parallel Advisors LLC grew its holdings in shares of West Fraser Timber by 72.2% during the first quarter. Parallel Advisors LLC now owns 439 shares of the company’s stock worth $29,000 after buying an additional 184 shares in the last quarter. EFG International AG acquired a new position in West Fraser Timber during the fourth quarter worth $31,000. Physician Wealth Advisors Inc. boosted its holdings in West Fraser Timber by 177.0% during the first quarter. Physician Wealth Advisors Inc. now owns 579 shares of the company’s stock worth $38,000 after purchasing an additional 370 shares during the last quarter. Aegis Financial Corp bought a new position in West Fraser Timber in the first quarter valued at $205,000. Finally, Jain Global LLC acquired a new stake in West Fraser Timber in the 3rd quarter valued at $224,000. 40.23% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

WFG has been the topic of several recent analyst reports. Zacks Research raised West Fraser Timber from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. TD Cowen decreased their target price on shares of West Fraser Timber from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Fraser Mackenzie lowered their target price on shares of West Fraser Timber from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of West Fraser Timber in a research note on Friday, July 31st. Finally, Weiss Ratings downgraded shares of West Fraser Timber from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, West Fraser Timber currently has a consensus rating of “Hold” and an average price target of $83.20.

West Fraser Timber Stock Performance

Shares of WFG stock opened at $67.80 on Thursday. West Fraser Timber Co. Ltd. has a 52 week low of $57.34 and a 52 week high of $76.99. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of -4.39 and a beta of 1.00. The company has a 50-day simple moving average of $68.50 and a 200 day simple moving average of $66.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 2.06.

West Fraser Timber (NYSE:WFG) last issued its quarterly earnings data on Wednesday, July 29th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by ($0.08). West Fraser Timber had a negative return on equity of 10.84% and a negative net margin of 22.98%.The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. On average, sell-side analysts predict that West Fraser Timber Co. Ltd. will post -3.77 earnings per share for the current year.

West Fraser Timber Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Thursday, June 25th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Thursday, June 25th. West Fraser Timber’s dividend payout ratio is currently -8.29%.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd. (NYSE: WFG) is a leading North American diversified wood products company headquartered in Vancouver, British Columbia. The company operates a broad portfolio of manufacturing facilities that produce lumber, engineered wood products such as laminated veneer lumber (LVL), oriented strand board (OSB) and plywood, as well as medium density fibreboard (MDF), particleboard, pulp and paper. West Fraser’s integrated production model spans harvesting, milling and finishing, allowing it to serve a wide range of residential, commercial and industrial construction markets.

Founded in 1955 as West Fraser Mills, the company has grown through both organic investment and strategic acquisitions to become one of the largest lumber producers in the world.