According to Zacks, “Norbord Inc. is a producer of wood-based panels. It operates primarily in the United States, Europe and Canada. Norbord Inc. is headquartered in Toronto, Canada. “
Other equities research analysts have also recently issued reports about the company. TheStreet upgraded Norbord from a sell rating to a hold rating in a research note on Friday, July 22nd. BMO Capital Markets cut Norbord from an outperform rating to a market perform rating and set a $26.00 price target for the company. in a research note on Monday, August 8th. They noted that the move was a valuation call.
Shares of Norbord (NYSE:OSB) traded up 1.17% during trading on Wednesday, hitting $25.90. The stock had a trading volume of 3,693 shares. The stock has a market capitalization of $2.22 billion and a P/E ratio of 31.55. The stock’s 50-day moving average is $24.44 and its 200-day moving average is $21.88. Norbord has a 12-month low of $15.12 and a 12-month high of $25.98.
Norbord (NYSE:OSB) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.06. Analysts predict that Norbord will post $1.94 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 21st. Shareholders of record on Thursday, September 1st were paid a dividend of $0.0766 per share. This represents a $0.31 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Tuesday, August 30th.
A number of large investors have recently added to or reduced their stakes in OSB. Jane Street Group LLC boosted its stake in Norbord by 0.5% in the second quarter. Jane Street Group LLC now owns 14,910 shares of the company’s stock valued at $294,000 after buying an additional 73 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its stake in Norbord by 0.3% in the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 350,700 shares of the company’s stock valued at $8,859,000 after buying an additional 1,200 shares during the last quarter. Quadrature Capital Ltd boosted its stake in Norbord by 11.0% in the second quarter. Quadrature Capital Ltd now owns 20,420 shares of the company’s stock valued at $397,000 after buying an additional 2,020 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in Norbord during the second quarter valued at $170,000. Finally, Counsel Portfolio Services Inc. acquired a new stake in Norbord during the second quarter valued at $292,000. Hedge funds and other institutional investors own 25.76% of the company’s stock.
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