Norbord Inc (OSB) Insider Peter Cornelius Wijnbergen Sells 8,000 Shares
Norbord Inc (TSE:OSB) insider Peter Cornelius Wijnbergen sold 8,000 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of C$46.00, for a total value of C$368,000.00.
Peter Cornelius Wijnbergen also recently made the following trade(s):
- On Friday, September 8th, Peter Cornelius Wijnbergen sold 6,000 shares of Norbord stock. The shares were sold at an average price of C$46.00, for a total value of C$276,000.00.
- On Thursday, September 7th, Peter Cornelius Wijnbergen sold 13,800 shares of Norbord stock. The shares were sold at an average price of C$45.50, for a total value of C$627,900.00.
Norbord Inc (OSB) opened at 46.13 on Tuesday. The company has a market cap of $3.97 billion and a price-to-earnings ratio of 15.17. Norbord Inc has a one year low of $28.91 and a one year high of $46.15. The firm has a 50-day moving average price of $42.39 and a 200 day moving average price of $40.19.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Investors of record on Friday, September 1st will be issued a dividend of $0.398 per share. This represents a $1.59 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Wednesday, August 30th. This is an increase from Norbord’s previous quarterly dividend of $0.30.
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OSB has been the topic of several research analyst reports. Canaccord Genuity upgraded Norbord from a “neutral” rating to an “outperform” rating and upped their target price for the company from C$43.00 to C$47.00 in a research report on Tuesday, June 6th. CSFB upped their target price on Norbord from C$42.00 to C$50.00 and gave the company an “outperform” rating in a research report on Monday, July 31st. BMO Capital Markets upped their target price on Norbord from C$28.00 to C$31.00 and gave the company a “market perform” rating in a research report on Monday, July 31st. Scotiabank restated an “outperform” rating and set a C$44.25 target price on shares of Norbord in a research report on Friday, August 18th. Finally, TD Securities upped their target price on Norbord from C$37.00 to C$48.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$45.28.
Norbord Inc is a Canada-based producer of wood-based panels. The Company is engaged in manufacturing, sales, marketing and distribution of panelboards and related products used in the construction of new homes or the renovation and repair of existing structures. Its geographic segments include North America and Europe.
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