Lightrock Netherlands B.V. Has $20.05 Million Stock Position in West Fraser Timber Co. Ltd. $WFG

Lightrock Netherlands B.V. lessened its holdings in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 306,721 shares of the company’s stock after selling 13,582 shares during the quarter. West Fraser Timber accounts for approximately 2.0% of Lightrock Netherlands B.V.’s holdings, making the stock its 11th largest holding. Lightrock Netherlands B.V. owned 0.40% of West Fraser Timber worth $20,052,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EFG International AG bought a new stake in shares of West Fraser Timber in the fourth quarter worth about $31,000. Physician Wealth Advisors Inc. lifted its holdings in shares of West Fraser Timber by 177.0% during the 1st quarter. Physician Wealth Advisors Inc. now owns 579 shares of the company’s stock valued at $38,000 after purchasing an additional 370 shares in the last quarter. Jain Global LLC acquired a new position in shares of West Fraser Timber in the 3rd quarter valued at approximately $224,000. Park Avenue Securities LLC acquired a new position in shares of West Fraser Timber in the 4th quarter valued at approximately $229,000. Finally, Sei Investments Co. increased its stake in West Fraser Timber by 29.8% during the 2nd quarter. Sei Investments Co. now owns 3,975 shares of the company’s stock worth $291,000 after purchasing an additional 912 shares in the last quarter. 40.23% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. TD Securities restated a “buy” rating and set a $86.00 target price on shares of West Fraser Timber in a report on Friday, May 1st. Zacks Research downgraded shares of West Fraser Timber from a “hold” rating to a “strong sell” rating in a research report on Thursday, July 2nd. Royal Bank Of Canada dropped their price objective on shares of West Fraser Timber from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. TD Cowen lowered their target price on West Fraser Timber from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, May 1st. Finally, Raymond James Financial downgraded West Fraser Timber from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $85.00 to $75.00 in a research note on Thursday, April 23rd. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $82.60.

West Fraser Timber Stock Up 0.6%

NYSE:WFG opened at $71.71 on Friday. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of -4.77 and a beta of 1.00. West Fraser Timber Co. Ltd. has a twelve month low of $57.34 and a twelve month high of $76.99. The stock’s 50 day moving average price is $66.38 and its two-hundred day moving average price is $66.47. The company has a quick ratio of 0.66, a current ratio of 1.84 and a debt-to-equity ratio of 0.05.

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

West Fraser Timber Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 13th. Shareholders of record on Thursday, June 25th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, June 25th. West Fraser Timber’s dividend payout ratio is -8.51%.

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.