Jones Financial Companies Lllp Purchases 22,128 Shares of West Fraser Timber Co. Ltd. $WFG

Key Points

• Jones Financial Companies Lllp increased its stock holdings in West Fraser Timber Co. Ltd. by 42,553.8%, owning a total of 22,180 shares valued at approximately $1.7 million after the first quarter.
• West Fraser Timber reported a negative earnings per share (EPS) of ($0.38), missing expectations, and had a revenue of $1.53 billion for the latest quarter.
• The company announced a quarterly dividend of $0.32 per share, set to be paid on October 14th, representing an annualized dividend of $1.28 and a yield of 1.7%.

Jones Financial Companies Lllp boosted its holdings in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) by 42,553.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,180 shares of the company's stock after buying an additional 22,128 shares during the period. Jones Financial Companies Lllp's holdings in West Fraser Timber were worth $1,707,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of WFG. Point72 Asia Singapore Pte. Ltd. purchased a new position in West Fraser Timber in the fourth quarter valued at about $52,000. GAMMA Investing LLC grew its stake in West Fraser Timber by 7,588.9% in the first quarter. GAMMA Investing LLC now owns 692 shares of the company's stock valued at $53,000 after purchasing an additional 683 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in West Fraser Timber by 6.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,806 shares of the company's stock valued at $216,000 after purchasing an additional 181 shares in the last quarter. Gulf International Bank UK Ltd grew its stake in West Fraser Timber by 1,396.5% in the first quarter. Gulf International Bank UK Ltd now owns 2,993 shares of the company's stock valued at $230,000 after purchasing an additional 2,793 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in West Fraser Timber in the first quarter valued at about $251,000. 40.23% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

WFG has been the topic of a number of recent research reports. Raymond James Financial restated a "market perform" rating on shares of West Fraser Timber in a research note on Monday, July 21st. Wall Street Zen downgraded West Fraser Timber from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Finally, TD Securities decreased their price target on West Fraser Timber from $98.00 to $96.00 and set a "buy" rating for the company in a research note on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $100.00.

West Fraser Timber Price Performance

NYSE WFG traded up $0.14 during trading hours on Wednesday, reaching $74.60. 29,994 shares of the company's stock were exchanged, compared to its average volume of 210,183. The stock has a market cap of $5.71 billion, a PE ratio of -42.61 and a beta of 1.15. West Fraser Timber Co. Ltd. has a one year low of $68.63 and a one year high of $102.40. The firm has a fifty day moving average of $73.37 and a 200-day moving average of $74.42. The company has a current ratio of 2.89, a quick ratio of 1.61 and a debt-to-equity ratio of 0.04.

West Fraser Timber (NYSE:WFG - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.38) EPS for the quarter, missing analysts' consensus estimates of $0.36 by ($0.74). The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.61 billion. West Fraser Timber had a negative return on equity of 0.85% and a negative net margin of 2.18%. On average, equities research analysts predict that West Fraser Timber Co. Ltd. will post 4.45 earnings per share for the current fiscal year.

West Fraser Timber Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Thursday, September 25th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Thursday, September 25th. West Fraser Timber's dividend payout ratio (DPR) is presently -73.14%.

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.