Nigel Banks Sells 19,000 Shares of Norbord Inc (OSB) Stock

Norbord Inc (TSE:OSB) insider Nigel Banks sold 19,000 shares of the firm’s stock in a transaction on Thursday, March 15th. The shares were sold at an average price of C$47.00, for a total value of C$893,000.00.

Shares of TSE OSB opened at C$49.17 on Monday. Norbord Inc has a 52 week low of C$38.00 and a 52 week high of C$51.75.

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Norbord (TSE:OSB) last issued its earnings results on Friday, February 2nd. The company reported C$1.79 EPS for the quarter, topping the consensus estimate of C$1.73 by C$0.06. Norbord had a return on equity of 66.95% and a net margin of 26.85%. The business had revenue of C$756.97 million during the quarter.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Thursday, March 1st were paid a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.40 annualized dividend and a yield of 4.88%.

OSB has been the subject of several recent research reports. CIBC lifted their price objective on Norbord from C$45.00 to C$50.00 in a report on Monday, March 19th. BMO Capital Markets set a C$32.00 price objective on Norbord and gave the stock an “underperform” rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of C$50.00.

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Norbord Company Profile

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.

Insider Buying and Selling by Quarter for Norbord (TSE:OSB)

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