Comprehensive Money Management Services LLC Acquires Shares of 3,915 West Fraser Timber Co. Ltd. (NYSE:WFG)

Comprehensive Money Management Services LLC bought a new stake in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,915 shares of the company's stock, valued at approximately $339,000.

Several other hedge funds also recently added to or reduced their stakes in WFG. Union Bancaire Privee UBP SA acquired a new position in West Fraser Timber during the 4th quarter valued at about $1,040,000. Manning & Napier Advisors LLC increased its position in West Fraser Timber by 14.7% during the 4th quarter. Manning & Napier Advisors LLC now owns 853,038 shares of the company's stock valued at $73,830,000 after buying an additional 109,447 shares in the last quarter. Sycomore Asset Management acquired a new position in West Fraser Timber during the 4th quarter valued at about $596,000. Lightrock Netherlands B.V. acquired a new position in West Fraser Timber during the 4th quarter valued at about $3,197,000. Finally, Vontobel Holding Ltd. increased its position in West Fraser Timber by 6.3% during the 4th quarter. Vontobel Holding Ltd. now owns 607,438 shares of the company's stock valued at $52,565,000 after buying an additional 35,855 shares in the last quarter. 40.23% of the stock is owned by institutional investors and hedge funds.

West Fraser Timber Trading Down 0.1%

Shares of WFG stock traded down $0.10 during mid-day trading on Friday, reaching $73.66. The stock had a trading volume of 259,615 shares, compared to its average volume of 176,848. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of -350.76 and a beta of 1.21. West Fraser Timber Co. Ltd. has a 1-year low of $69.48 and a 1-year high of $102.40. The business's fifty day moving average is $74.31 and its 200-day moving average is $82.06.

West Fraser Timber (NYSE:WFG - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.15). The company had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.53 billion. West Fraser Timber had a positive return on equity of 0.88% and a negative net margin of 0.08%. On average, analysts forecast that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Scotiabank reduced their target price on West Fraser Timber from $109.00 to $100.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, February 18th. TD Securities cut their price objective on West Fraser Timber from $99.00 to $98.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada cut their price objective on West Fraser Timber from $117.00 to $99.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Raymond James cut their price objective on West Fraser Timber from $105.00 to $90.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $100.40.

West Fraser Timber Company Profile

West Fraser Timber Co Ltd., a diversified wood products company, engages in manufacturing, selling, marketing, and distributing lumber, engineered wood products, pulp, newsprint, wood chips, and other residuals and renewable energy. It offers spruce-pine-fir, douglas fir-larch, hem-fir, and southern yellow pine lumber, treated wood products, medium density fiberboard panels and plywood, oriented strand board, and laminated veneer lumber wood products, as well as particleboards.