UniSuper Management Pty Ltd Makes New $1.39 Million Investment in West Fraser Timber Co. Ltd. $WFG

Key Points

• UniSuper Management Pty Ltd has acquired a new $1.39 million position in West Fraser Timber Co. Ltd., purchasing 18,025 shares, which reflects increasing interest from institutional investors.
• West Fraser Timber reported a net loss of $0.38 per share for the last quarter, falling short of analysts' expectations, which has raised concerns about its financial performance.
• The company's stock has received mixed analyst ratings, with four analysts giving a "Buy" rating and one a "Hold" rating, and a consensus target price of $100.00.

UniSuper Management Pty Ltd purchased a new position in shares of West Fraser Timber Co. Ltd. (NYSE:WFG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 18,025 shares of the company's stock, valued at approximately $1,387,000.

A number of other institutional investors have also recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of West Fraser Timber by 0.3% during the 4th quarter. Royal Bank of Canada now owns 2,980,619 shares of the company's stock valued at $257,974,000 after acquiring an additional 8,760 shares during the period. Vanguard Group Inc. grew its position in shares of West Fraser Timber by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 2,876,409 shares of the company's stock valued at $220,931,000 after acquiring an additional 29,746 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of West Fraser Timber by 10.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,394,607 shares of the company's stock valued at $184,242,000 after acquiring an additional 232,558 shares during the period. 1832 Asset Management L.P. grew its position in shares of West Fraser Timber by 5.0% during the 1st quarter. 1832 Asset Management L.P. now owns 1,425,094 shares of the company's stock valued at $109,647,000 after acquiring an additional 68,016 shares during the period. Finally, Manning & Napier Advisors LLC grew its position in shares of West Fraser Timber by 2.7% during the 1st quarter. Manning & Napier Advisors LLC now owns 875,815 shares of the company's stock valued at $67,385,000 after acquiring an additional 22,777 shares during the period. 40.23% of the stock is currently owned by institutional investors and hedge funds.

West Fraser Timber Trading Down 0.0%

Shares of West Fraser Timber stock opened at $74.14 on Thursday. The firm has a market capitalization of $5.68 billion, a PE ratio of -42.37 and a beta of 1.15. West Fraser Timber Co. Ltd. has a twelve month low of $68.63 and a twelve month high of $102.40. The firm's 50-day moving average price is $73.36 and its 200 day moving average price is $74.53. 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 issued its quarterly earnings results on Wednesday, July 23rd. The company reported ($0.38) earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.74). West Fraser Timber had a negative net margin of 2.18% and a negative return on equity of 0.85%. The company had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.61 billion. On average, sell-side analysts predict that West Fraser Timber Co. Ltd. will post 4.45 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on WFG shares. Raymond James Financial restated a "market perform" rating on shares of West Fraser Timber in a research report on Monday, July 21st. TD Securities dropped their target price on West Fraser Timber from $98.00 to $96.00 and set a "buy" rating on the stock in a research report on Friday, July 25th. Finally, Wall Street Zen lowered shares of West Fraser Timber from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $100.00.

About West Fraser Timber

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.

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