Peter Cornelius Wijnbergen Sells 6,500 Shares of Norbord Inc (TSE:OSB) Stock

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Norbord Inc (TSE:OSB) insider Peter Cornelius Wijnbergen sold 6,500 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of C$52.50, for a total value of C$341,250.00.

Peter Cornelius Wijnbergen also recently made the following trade(s):

  • On Monday, September 17th, Peter Cornelius Wijnbergen sold 3,500 shares of Norbord stock. The shares were sold at an average price of C$52.50, for a total value of C$183,750.00.

Shares of TSE OSB traded down C$0.74 during mid-day trading on Friday, reaching C$35.57. The company had a trading volume of 477,900 shares, compared to its average volume of 343,983. Norbord Inc has a one year low of C$34.71 and a one year high of C$58.92.

Norbord (TSE:OSB) last released its earnings results on Thursday, August 2nd. The company reported C$2.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$2.35 by C$0.13. Norbord had a return on equity of 66.95% and a net margin of 26.85%. The firm had revenue of C$912.46 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Saturday, September 1st were given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 50.60%. The ex-dividend date was Thursday, August 30th. This is a boost from Norbord’s previous quarterly dividend of $0.60.

Separately, CIBC lifted their target price on Norbord from C$56.00 to C$59.00 in a report on Thursday, July 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of C$50.58.

About Norbord

Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.

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