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

Grantham Mayo Van Otterloo & Co. LLC cut its position in West Fraser Timber Co. Ltd. (NYSE:WFG) by 9.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 264,974 shares of the company’s stock after selling 28,725 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in West Fraser Timber were worth $18,016,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in WFG. Barclays PLC increased its stake in shares of West Fraser Timber by 245.6% in the third quarter. Barclays PLC now owns 63,165 shares of the company’s stock valued at $4,294,000 after buying an additional 44,889 shares during the period. Dimensional Fund Advisors LP boosted its position in West Fraser Timber by 52.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 353,444 shares of the company’s stock worth $24,027,000 after buying an additional 121,599 shares during the period. Quantbot Technologies LP grew its holdings in West Fraser Timber by 131.3% during the 3rd quarter. Quantbot Technologies LP now owns 43,552 shares of the company’s stock worth $2,961,000 after acquiring an additional 24,719 shares during the last quarter. TD Asset Management Inc increased its position in West Fraser Timber by 41.2% in the 3rd quarter. TD Asset Management Inc now owns 252,611 shares of the company’s stock valued at $17,177,000 after acquiring an additional 73,727 shares during the period. Finally, CenterBook Partners LP acquired a new position in West Fraser Timber in the 3rd quarter valued at approximately $1,358,000. 40.23% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

West Fraser Timber Stock Down 0.4%

Shares of NYSE WFG opened at $65.39 on Monday. The company’s 50 day moving average price is $68.35 and its 200-day moving average price is $66.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.86 and a current ratio of 2.13. West Fraser Timber Co. Ltd. has a 52-week low of $57.34 and a 52-week high of $79.33. The company has a market capitalization of $4.97 billion, a P/E ratio of -5.37 and a beta of 1.12.

West Fraser Timber (NYSE:WFG) last posted its quarterly earnings data on Wednesday, February 11th. The company reported ($2.42) earnings per share for the quarter, topping 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 company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Equities analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current year.

West Fraser Timber Announces Dividend

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

West Fraser Timber Company Profile

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.