Lightrock Netherlands B.V. Makes New $3.20 Million Investment in West Fraser Timber Co. Ltd. (NYSE:WFG)

Lightrock Netherlands B.V. acquired a new stake in West Fraser Timber Co. Ltd. (NYSE:WFG) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 36,751 shares of the company’s stock, valued at approximately $3,197,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in WFG. Signaturefd LLC boosted its holdings in West Fraser Timber by 77.4% in the third quarter. Signaturefd LLC now owns 880 shares of the company’s stock valued at $86,000 after acquiring an additional 384 shares during the last quarter. US Bancorp DE lifted its position in West Fraser Timber by 82.9% during the 3rd quarter. US Bancorp DE now owns 1,284 shares of the company’s stock valued at $125,000 after purchasing an additional 582 shares during the period. D.B. Root & Company LLC bought a new position in shares of West Fraser Timber in the 3rd quarter valued at about $223,000. Quantinno Capital Management LP acquired a new stake in shares of West Fraser Timber during the 3rd quarter worth approximately $258,000. Finally, Creative Planning raised its stake in shares of West Fraser Timber by 76.3% during the second quarter. Creative Planning now owns 4,158 shares of the company’s stock worth $320,000 after buying an additional 1,800 shares during the last quarter. 40.23% of the stock is owned by institutional investors and hedge funds.

West Fraser Timber Trading Up 0.6 %

WFG opened at $85.87 on Tuesday. West Fraser Timber Co. Ltd. has a twelve month low of $73.91 and a twelve month high of $102.40. The firm’s fifty day moving average is $88.40 and its two-hundred day moving average is $90.83.

West Fraser Timber Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, December 27th were issued a dividend of $0.32 per share. The ex-dividend date was Friday, December 27th. This is a positive change from West Fraser Timber’s previous quarterly dividend of $0.24. This represents a $1.28 annualized dividend and a yield of 1.49%. West Fraser Timber’s payout ratio is currently -100.00%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. BMO Capital Markets raised 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. Raymond James decreased their price objective on West Fraser Timber from $120.00 to $115.00 in a research note on Thursday, January 30th. Finally, Scotiabank cut their target price on West Fraser Timber from $120.00 to $109.00 and set a “sector outperform” rating on the stock in a research note on Monday, February 3rd. Four analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $111.40.

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.