Thrivent Financial for Lutherans Lowers Stock Holdings in West Fraser Timber Co. Ltd. $WFG

Thrivent Financial for Lutherans trimmed its holdings in shares of West Fraser Timber Co. Ltd. (NYSE:WFG) by 93.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 55,482 shares of the company’s stock after selling 841,370 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of West Fraser Timber worth $3,391,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in WFG. Physician Wealth Advisors Inc. lifted its holdings in shares of West Fraser Timber by 75.8% during the third quarter. Physician Wealth Advisors Inc. now owns 552 shares of the company’s stock valued at $38,000 after purchasing an additional 238 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of West Fraser Timber by 212.0% during the third quarter. Jones Financial Companies Lllp now owns 780 shares of the company’s stock valued at $52,000 after purchasing an additional 530 shares during the last quarter. Jain Global LLC purchased a new position in shares of West Fraser Timber during the third quarter valued at approximately $224,000. Park Avenue Securities LLC purchased a new position in shares of West Fraser Timber during the fourth quarter valued at approximately $229,000. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of West Fraser Timber by 5.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 3,874 shares of the company’s stock valued at $263,000 after purchasing an additional 200 shares during the last quarter. 40.23% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on WFG shares. Fraser Mackenzie lowered their target price on shares of West Fraser Timber from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, May 1st. TD Cowen lowered their target price on shares of West Fraser Timber from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, May 1st. TD Securities reiterated a “buy” rating and set a $86.00 target price on shares of West Fraser Timber in a report on Friday, May 1st. Zacks Research upgraded shares of West Fraser Timber from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 24th. Finally, Raymond James Financial lowered shares of West Fraser Timber from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $85.00 to $75.00 in a report on Thursday, April 23rd. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $82.60.

West Fraser Timber Price Performance

Shares of NYSE WFG opened at $62.25 on Friday. West Fraser Timber Co. Ltd. has a twelve month low of $57.34 and a twelve month high of $78.55. The firm has a market cap of $4.73 billion, a P/E ratio of -4.14 and a beta of 0.97. The company has a 50 day moving average of $63.53 and a 200 day moving average of $64.30. The company has a quick ratio of 0.66, a current ratio of 1.84 and a debt-to-equity ratio of 0.05.

West Fraser Timber (NYSE:WFG) last announced its quarterly earnings data 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 return on equity of 9.67% and a negative net margin of 21.86%.The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. As a group, research analysts expect that West Fraser Timber Co. Ltd. will post -3.99 EPS for the current fiscal year.

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.