West Fraser Timber Co. Ltd. $WFG Shares Sold by Genus Capital Management Inc.

Genus Capital Management Inc. reduced its stake in West Fraser Timber Co. Ltd. (NYSE:WFG) by 85.2% during the 4th quarter, Holdings Channel reports. The fund 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 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Physician Wealth Advisors Inc. raised its stake in shares of West Fraser Timber by 75.8% in the third quarter. Physician Wealth Advisors Inc. now owns 552 shares of the company’s stock valued at $38,000 after acquiring an additional 238 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of West Fraser Timber by 212.0% in the third quarter. Jones Financial Companies Lllp now owns 780 shares of the company’s stock valued at $52,000 after acquiring an additional 530 shares in the last quarter. Jain Global LLC acquired a new stake in shares of West Fraser Timber in the third quarter valued at $224,000. Park Avenue Securities LLC acquired a new stake in shares of West Fraser Timber in the fourth quarter valued at $229,000. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of West Fraser Timber by 5.4% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,874 shares of the company’s stock valued at $263,000 after acquiring an additional 200 shares in the last quarter. 40.23% of the stock is currently owned by institutional investors and hedge funds.

West Fraser Timber Stock Up 0.2%

West Fraser Timber stock opened at $62.25 on Tuesday. West Fraser Timber Co. Ltd. has a 1-year low of $57.34 and a 1-year high of $78.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.84 and a quick ratio of 0.66. The stock has a market cap of $4.73 billion, a PE ratio of -4.14 and a beta of 0.97. The stock’s fifty day moving average is $63.51 and its two-hundred day moving average is $64.35.

West Fraser Timber (NYSE:WFG) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($2.40) earnings per share 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. On average, sell-side analysts expect that West Fraser Timber Co. Ltd. will post -3.99 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. TD Cowen reduced their price objective on 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. Zacks Research upgraded West Fraser Timber from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Raymond James Financial cut West Fraser Timber from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $85.00 to $75.00 in a research note on Thursday, April 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of West Fraser Timber in a research note on Monday, April 20th. Finally, Fraser Mackenzie reduced their price objective on 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 equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, West Fraser Timber currently has a consensus rating of “Hold” and a consensus price target of $82.60.

West Fraser Timber 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.