Wellington Management Group LLP Makes New Investment in West Fraser Timber Co. Ltd. $WFG

Key Points

• Wellington Management Group LLP made a new investment in West Fraser Timber Co. Ltd. worth approximately $931,000, acquiring 12,125 shares in the first quarter of the year.
• West Fraser Timber recently reported a quarterly loss, with an EPS of (\$0.38), missing estimates and generating revenue of $1.53 billion, below the expected $1.61 billion.
• Analysts have mixed ratings on West Fraser Timber, with a consensus rating of “Moderate Buy” and a consensus price target of $100.00 for the stock.

Wellington Management Group LLP 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 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,125 shares of the company's stock, valued at approximately $931,000.

A number of other large investors have also added to or reduced their stakes in WFG. Inspire Advisors LLC increased its position in West Fraser Timber by 3.3% in the 1st quarter. Inspire Advisors LLC now owns 4,637 shares of the company's stock valued at $357,000 after acquiring an additional 146 shares during the period. Comprehensive Money Management Services LLC increased its holdings in West Fraser Timber by 3.8% in the first quarter. Comprehensive Money Management Services LLC now owns 4,065 shares of the company's stock valued at $313,000 after purchasing an additional 150 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in West Fraser Timber by 6.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,806 shares of the company's stock worth $216,000 after purchasing an additional 181 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of West Fraser Timber by 0.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 34,717 shares of the company's stock valued at $2,607,000 after buying an additional 251 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. grew its position in shares of West Fraser Timber by 10.9% in the 1st quarter. Bank of Nova Scotia Trust Co. now owns 3,673 shares of the company's stock valued at $283,000 after buying an additional 360 shares during the last quarter. Institutional investors own 40.23% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Raymond James Financial reaffirmed a "market perform" rating on shares of West Fraser Timber in a research note on Monday, July 21st. Wall Street Zen downgraded shares of West Fraser Timber from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Finally, TD Securities reduced their price objective on shares of West Fraser Timber from $98.00 to $96.00 and set a "buy" rating on the stock 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 company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $100.00.

West Fraser Timber Stock Up 0.5%

Shares of West Fraser Timber stock traded up $0.34 during trading on Wednesday, reaching $71.47. 163,451 shares of the company traded hands, compared to its average volume of 211,384. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.89 and a quick ratio of 1.61. The firm has a market capitalization of $5.48 billion, a PE ratio of -40.84 and a beta of 1.15. The company has a 50 day moving average price of $73.44 and a 200-day moving average price of $74.74. West Fraser Timber Co. Ltd. has a 1-year low of $68.63 and a 1-year high of $102.40.

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

West Fraser Timber Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 14th. Shareholders of record on Thursday, June 26th were issued a $0.32 dividend. The ex-dividend date was Thursday, June 26th. This represents a $1.28 annualized dividend and a yield of 1.8%. West Fraser Timber's dividend payout ratio is presently -73.14%.

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.