Genus Capital Management Inc. Cuts Position in West Fraser Timber Co. Ltd. $WFG

Genus Capital Management Inc. cut its stake in West Fraser Timber Co. Ltd. (NYSE:WFG) by 85.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,500 shares of the company’s stock after selling 20,185 shares during the quarter. Genus Capital Management Inc.’s holdings in West Fraser Timber were worth $214,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC boosted its position in shares of West Fraser Timber by 5.4% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 3,874 shares of the company’s stock worth $263,000 after purchasing an additional 200 shares in the last quarter. Physician Wealth Advisors Inc. lifted its position in West Fraser Timber by 75.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 552 shares of the company’s stock worth $38,000 after acquiring an additional 238 shares during the period. Baird Financial Group Inc. lifted its position in 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. Jones Financial Companies Lllp lifted its position in West Fraser Timber by 212.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 780 shares of the company’s stock worth $52,000 after acquiring an additional 530 shares during the period. Finally, Cetera Investment Advisers lifted its position in West Fraser Timber by 9.0% during the 2nd quarter. Cetera Investment Advisers now owns 7,800 shares of the company’s stock worth $571,000 after acquiring an additional 641 shares during the period. Institutional investors and hedge funds own 40.23% of the company’s stock.

West Fraser Timber Trading Up 0.2%

WFG opened at $62.25 on Tuesday. West Fraser Timber Co. Ltd. has a one year low of $57.34 and a one year high of $78.55. The stock has a market capitalization of $4.73 billion, a PE ratio of -4.14 and a beta of 0.97. The business’s 50 day moving average price is $63.51 and its 200 day moving average price is $64.35. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.66 and a current ratio of 1.84.

West Fraser Timber (NYSE:WFG) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($2.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.23) by ($1.17). West Fraser Timber had a negative net margin of 21.86% and a negative return on equity of 9.67%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.32 billion. As a group, equities research analysts expect that West Fraser Timber Co. Ltd. will post -3.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WFG shares. TD Securities reissued a “buy” rating and issued a $86.00 price objective on shares of West Fraser Timber in a report on Friday, May 1st. Weiss Ratings restated a “sell (d)” rating on shares of West Fraser Timber in a research note on Monday, April 20th. Raymond James Financial lowered West Fraser Timber from an “outperform” rating to a “market perform” rating and cut their price target for the company from $85.00 to $75.00 in a research note on Thursday, April 23rd. TD Cowen dropped their price target on West Fraser Timber from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, 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 research note on Friday, May 1st. Four 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 company’s stock. According to data from MarketBeat, West Fraser Timber currently has a consensus rating of “Hold” and an average price target of $82.60.

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.