Raymond James Has Bearish Outlook for WFG FY2025 Earnings

West Fraser Timber Co. Ltd. (NYSE:WFG) – Stock analysts at Raymond James dropped their FY2025 EPS estimates for West Fraser Timber in a note issued to investors on Monday, February 3rd. Raymond James analyst D. Swetlishoff now forecasts that the company will earn $4.82 per share for the year, down from their prior estimate of $5.08. The consensus estimate for West Fraser Timber’s current full-year earnings is $1.59 per share.

Several other brokerages also recently issued reports on WFG. BMO Capital Markets upped their target price on shares of West Fraser Timber from $105.00 to $115.00 and gave the stock 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 on the stock in a research note on Monday. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, West Fraser Timber has an average rating of “Buy” and an average price target of $111.40.

West Fraser Timber Stock Performance

Shares of WFG opened at $84.55 on Wednesday. West Fraser Timber has a fifty-two week low of $73.91 and a fifty-two week high of $102.40. The firm’s 50-day simple moving average is $89.36 and its two-hundred day simple moving average is $90.70.

West Fraser Timber Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, December 27th were given a dividend of $0.32 per share. This is an increase from West Fraser Timber’s previous quarterly dividend of $0.24. The ex-dividend date was Friday, December 27th. This represents a $1.28 dividend on an annualized basis and a yield of 1.51%. West Fraser Timber’s dividend payout ratio is -100.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Investment Management LLC bought a new position in West Fraser Timber during the fourth quarter valued at approximately $39,000. Signaturefd LLC lifted its position in West Fraser Timber by 77.4% during the third quarter. Signaturefd LLC now owns 880 shares of the company’s stock valued at $86,000 after purchasing an additional 384 shares during the period. US Bancorp DE lifted its position in West Fraser Timber by 82.9% during the third 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 West Fraser Timber during the third quarter valued at approximately $223,000. Finally, Atria Wealth Solutions Inc. lifted its position in West Fraser Timber by 4.3% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,879 shares of the company’s stock valued at $250,000 after purchasing an additional 120 shares during the period. Institutional investors own 40.23% of the company’s stock.

West Fraser Timber Company 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.