Grantham Mayo Van Otterloo & Co. LLC Has $18.02 Million Stock Position in West Fraser Timber Co. Ltd. $WFG

Grantham Mayo Van Otterloo & Co. LLC lowered its stake in West Fraser Timber Co. Ltd. (NYSE:WFG) by 9.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 264,974 shares of the company’s stock after selling 28,725 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.35% of West Fraser Timber worth $18,016,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of WFG. Vanguard Personalized Indexing Management LLC grew its stake in West Fraser Timber by 5.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,874 shares of the company’s stock worth $263,000 after buying an additional 200 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in shares of West Fraser Timber by 75.8% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 552 shares of the company’s stock valued at $38,000 after buying an additional 238 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in shares of West Fraser Timber by 1.3% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 19,427 shares of the company’s stock valued at $1,424,000 after buying an additional 240 shares in the last quarter. Bank of Nova Scotia Trust Co. lifted its holdings in shares of West Fraser Timber by 9.1% during the 2nd quarter. Bank of Nova Scotia Trust Co. now owns 4,009 shares of the company’s stock worth $294,000 after acquiring an additional 336 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in shares of West Fraser Timber by 2.1% during the 2nd quarter. Baird Financial Group Inc. now owns 23,919 shares of the company’s stock worth $1,753,000 after acquiring an additional 500 shares during the period. Institutional investors own 40.23% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Canadian Imperial Bank of Commerce cut shares of West Fraser Timber from an “outperform” rating to a “neutral” rating in a research note on Tuesday, December 9th. Royal Bank Of Canada cut their target price on West Fraser Timber from $91.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, December 18th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of West Fraser Timber in a report on Wednesday, January 21st. Raymond James Financial upgraded West Fraser Timber from a “hold” rating to a “moderate buy” rating and set a $75.00 price target on the stock in a research note on Wednesday, January 14th. Finally, Zacks Research raised West Fraser Timber from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, West Fraser Timber presently has a consensus rating of “Hold” and a consensus target price of $82.67.

West Fraser Timber Trading Down 0.4%

Shares of West Fraser Timber stock opened at $65.39 on Monday. The firm’s 50 day moving average is $68.35 and its 200 day moving average is $66.65. The firm has a market capitalization of $4.97 billion, a PE ratio of -5.37 and a beta of 1.12. West Fraser Timber Co. Ltd. has a 1 year low of $57.34 and a 1 year high of $79.33. The company has a current ratio of 2.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.05.

West Fraser Timber (NYSE:WFG) last issued its quarterly earnings data on Wednesday, February 11th. The company reported ($2.42) EPS for the quarter, beating the consensus estimate of ($2.71) by $0.29. West Fraser Timber had a negative net margin of 17.15% and a negative return on equity of 5.69%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. Equities research analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

West Fraser Timber Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Friday, March 13th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, March 13th. West Fraser Timber’s dividend payout ratio is presently -10.51%.

About West Fraser Timber

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.