American Century Companies Inc. Purchases 12,479 Shares of West Fraser Timber Co. Ltd. $WFG

American Century Companies Inc. grew its position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 14.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 97,363 shares of the company’s stock after buying an additional 12,479 shares during the quarter. American Century Companies Inc.’s holdings in West Fraser Timber were worth $7,140,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of WFG. Ameritas Advisory Services LLC purchased a new position in West Fraser Timber during the 2nd quarter valued at about $27,000. Parallel Advisors LLC grew its position in shares of West Fraser Timber by 265.1% in the 2nd quarter. Parallel Advisors LLC now owns 398 shares of the company’s stock worth $29,000 after buying an additional 289 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of West Fraser Timber by 346.6% during the second quarter. PNC Financial Services Group Inc. now owns 2,090 shares of the company’s stock valued at $153,000 after buying an additional 1,622 shares during the period. Gulf International Bank UK Ltd raised its holdings in shares of West Fraser Timber by 1,396.5% during the first quarter. Gulf International Bank UK Ltd now owns 2,993 shares of the company’s stock valued at $230,000 after acquiring an additional 2,793 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in West Fraser Timber by 27.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 3,674 shares of the company’s stock worth $269,000 after acquiring an additional 800 shares during the period. 40.23% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. TD Securities reduced their price objective on shares of West Fraser Timber from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Raymond James Financial cut their target price on shares of West Fraser Timber from $75.00 to $70.00 and set a “market perform” rating on the stock in a research note on Wednesday, October 15th. Weiss Ratings reissued a “sell (d)” rating on shares of West Fraser Timber in a research note on Wednesday, October 8th. Zacks Research lowered shares of West Fraser Timber from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada cut their price objective on West Fraser Timber from $92.00 to $91.00 and set an “outperform” rating on the stock in a research report on Sunday, October 26th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, West Fraser Timber presently has an average rating of “Hold” and an average target price of $87.25.

West Fraser Timber Price Performance

WFG stock opened at $62.32 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.32 and a current ratio of 2.39. The firm has a 50 day moving average price of $63.43 and a 200-day moving average price of $70.03. West Fraser Timber Co. Ltd. has a 52-week low of $57.34 and a 52-week high of $96.18. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of -18.60 and a beta of 1.12.

West Fraser Timber (NYSE:WFG) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported ($2.63) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.72) by ($0.91). The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.38 billion. West Fraser Timber had a negative net margin of 4.35% and a negative return on equity of 2.63%. Equities research analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current fiscal year.

West Fraser Timber Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Thursday, September 25th were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, September 25th. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. West Fraser Timber’s dividend payout ratio (DPR) is presently -38.21%.

West Fraser Timber Profile

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.