Shares of Norbord Inc. (NYSE:OSB) have been given a consensus rating of “Hold” by the nine brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $39.25.
OSB has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Norbord from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Bank of America set a $31.00 price objective on shares of Norbord and gave the stock a “sell” rating in a report on Wednesday, January 24th. ValuEngine raised shares of Norbord from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Finally, TD Securities lifted their price objective on shares of Norbord from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Monday, February 5th.
NYSE:OSB traded down $0.74 during trading hours on Wednesday, hitting $35.59. The stock had a trading volume of 78,546 shares, compared to its average volume of 143,486. 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 has a one year low of $27.83 and a one year high of $41.88. The company has a market cap of $3,140.51, a price-to-earnings ratio of 8.11, a PEG ratio of 1.17 and a beta of 2.64.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Stockholders of record on Thursday, March 1st were issued a dividend of $0.4862 per share. This is an increase from Norbord’s previous quarterly dividend of $0.47. This represents a $1.94 dividend on an annualized basis and a dividend yield of 5.46%. The ex-dividend date was Wednesday, February 28th. Norbord’s payout ratio is currently 41.65%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Norbord by 4.3% in the fourth quarter. BlackRock Inc. now owns 38,096 shares of the construction company’s stock worth $1,288,000 after purchasing an additional 1,588 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Norbord by 22.7% in the fourth quarter. Bank of New York Mellon Corp now owns 10,273 shares of the construction company’s stock worth $348,000 after purchasing an additional 1,901 shares during the last quarter. Swiss National Bank lifted its stake in Norbord by 3.1% in the fourth quarter. Swiss National Bank now owns 73,028 shares of the construction company’s stock worth $2,474,000 after purchasing an additional 2,200 shares during the last quarter. K.J. Harrison & Partners Inc lifted its stake in Norbord by 6.5% in the fourth quarter. K.J. Harrison & Partners Inc now owns 45,000 shares of the construction company’s stock worth $1,530,000 after purchasing an additional 2,743 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in Norbord by 5,212.7% in the third quarter. Advisor Group Inc. now owns 2,922 shares of the construction company’s stock worth $111,000 after purchasing an additional 2,867 shares during the last quarter. 78.67% of the stock is owned by institutional investors.
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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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