Gotham Asset Management LLC acquired a new stake in shares of Norbord Inc. (NYSE:OSB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 18,830 shares of the construction company’s stock, valued at approximately $637,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in OSB. Advisor Group Inc. raised its position in Norbord by 5,212.7% during the third quarter. Advisor Group Inc. now owns 2,922 shares of the construction company’s stock valued at $111,000 after purchasing an additional 2,867 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. acquired a new position in shares of Norbord during the fourth quarter worth $139,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Norbord during the fourth quarter worth $242,000. Dimensional Fund Advisors LP acquired a new position in shares of Norbord during the second quarter worth $260,000. Finally, Citadel Advisors LLC acquired a new position in shares of Norbord during the fourth quarter worth $289,000. Institutional investors and hedge funds own 78.67% of the company’s stock.
Shares of NYSE:OSB opened at $36.33 on Monday. The firm has a market cap of $3,140.51, a PE ratio of 8.09, a P/E/G ratio of 1.17 and a beta of 3.19. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.83 and a quick ratio of 1.20. Norbord Inc. has a 52-week low of $27.75 and a 52-week high of $41.88.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Investors of record on Thursday, March 1st were paid a $0.4862 dividend. This is a boost from Norbord’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $1.94 annualized dividend and a dividend yield of 5.35%. Norbord’s payout ratio is currently 41.65%.
OSB has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Norbord from a “strong-buy” rating to a “hold” rating in a report on Saturday, December 30th. Bank of America set a $31.00 price target on shares of Norbord and gave the stock a “sell” rating in a report on Wednesday, January 24th. ValuEngine upgraded shares of Norbord from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, TD Securities upped their price target on shares of Norbord from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, February 5th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $39.40.
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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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