West Fraser Timber
About: West Fraser Timber is a softwood lumber company that also produces wood panels and pulp products. The company produces its wood products globally, with lumber mills in British Columbia, Alberta, Europe, and the southeastern United States. Following its acquisition of Norbord in 2021, West Fraser is now one of the largest oriented strand board, or OSB, producers in the world.
Employees: 10,800
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
37% more first-time investments, than exits
New positions opened: 41 | Existing positions closed: 30
18% more call options, than puts
Call options by funds: $6.36M | Put options by funds: $5.38M
6% more funds holding
Funds holding: 194 [Q1] → 205 (+11) [Q2]
0.38% more ownership
Funds ownership: 37.81% [Q1] → 38.18% (+0.38%) [Q2]
8% less repeat investments, than reductions
Existing positions increased: 66 | Existing positions reduced: 72
13% less capital invested
Capital invested by funds: $2.69B [Q1] → $2.35B (-$342M) [Q2]
60% less funds holding in top 10
Funds holding in top 10: 5 [Q1] → 2 (-3) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
BMO Capital Ketan Mamtora 60% 1-year accuracy 3 / 5 met price target | 9%upside $105 | Outperform Maintained | 30 Jul 2024 |
RBC Capital Matthew McKellar 100% 1-year accuracy 11 / 11 met price target | 4%upside $100 | Outperform Maintained | 26 Jul 2024 |