Cozad Asset Management Inc. Grows Stock Holdings in Norbord Inc (NYSE:OSB)

Share on StockTwits

Cozad Asset Management Inc. increased its stake in shares of Norbord Inc (NYSE:OSB) by 1.6% during the third quarter, Holdings Channel reports. The institutional investor owned 43,455 shares of the construction company’s stock after acquiring an additional 680 shares during the period. Cozad Asset Management Inc.’s holdings in Norbord were worth $1,043,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Norbord by 37.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,021 shares of the construction company’s stock valued at $72,000 after buying an additional 817 shares in the last quarter. Toronto Dominion Bank grew its position in Norbord by 40.3% in the 2nd quarter. Toronto Dominion Bank now owns 97,543 shares of the construction company’s stock valued at $2,498,000 after buying an additional 28,030 shares in the last quarter. Mackenzie Financial Corp grew its position in Norbord by 84.6% in the 2nd quarter. Mackenzie Financial Corp now owns 372,375 shares of the construction company’s stock valued at $9,231,000 after buying an additional 170,632 shares in the last quarter. MidWestOne Financial Group Inc. bought a new position in Norbord in the 2nd quarter valued at about $731,000. Finally, Pictet Asset Management Ltd. boosted its position in shares of Norbord by 19.2% during the 2nd quarter. Pictet Asset Management Ltd. now owns 859,278 shares of the construction company’s stock valued at $21,345,000 after purchasing an additional 138,494 shares in the last quarter. 78.20% of the stock is currently owned by hedge funds and other institutional investors.

OSB has been the subject of several research reports. ValuEngine upgraded shares of Norbord from a “hold” rating to a “buy” rating in a research report on Friday, August 30th. CIBC raised their price objective on shares of Norbord from $37.00 to $38.00 in a research report on Saturday. Raymond James upgraded shares of Norbord from an “outperform” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a research report on Thursday, October 31st. Vertical Research lowered shares of Norbord from a “buy” rating to a “hold” rating in a research report on Friday. Finally, TD Securities raised their price objective on shares of Norbord from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $37.67.

NYSE:OSB opened at $28.97 on Tuesday. Norbord Inc has a twelve month low of $19.46 and a twelve month high of $30.46. The company has a current ratio of 1.80, a quick ratio of 0.91 and a debt-to-equity ratio of 0.97. The company has a 50-day moving average of $25.13 and a 200-day moving average of $23.67. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 6.14 and a beta of 2.03.

Norbord (NYSE:OSB) last posted its quarterly earnings data on Thursday, October 31st. The construction company reported ($0.11) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.04). Norbord had a negative net margin of 3.12% and a positive return on equity of 0.91%. The business had revenue of $435.00 million for the quarter, compared to the consensus estimate of $443.09 million. During the same quarter last year, the business posted $1.41 EPS. The business’s revenue for the quarter was down 32.0% on a year-over-year basis. On average, research analysts forecast that Norbord Inc will post -0.25 earnings per share for the current year.

Norbord Profile

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.

Featured Article: Are we seeing the beginning of a new bubble?

Want to see what other hedge funds are holding OSB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Norbord Inc (NYSE:OSB).

Institutional Ownership by Quarter for Norbord (NYSE:OSB)

Receive News & Ratings for Norbord Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norbord and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

UChain  Trading Down 46.2% Over Last Week
UChain Trading Down 46.2% Over Last Week
Flagstar Bancorp Inc  Expected to Post Quarterly Sales of $296.62 Million
Flagstar Bancorp Inc Expected to Post Quarterly Sales of $296.62 Million
B2BX  Trading Up 10.4% This Week
B2BX Trading Up 10.4% This Week
VNDC Price Reaches $0.0000
VNDC Price Reaches $0.0000
Matrix AI Network  Achieves Market Capitalization of $10.98 Million
Matrix AI Network Achieves Market Capitalization of $10.98 Million
Zacks: Analysts Expect Owens & Minor, Inc.  Will Announce Quarterly Sales of $2.49 Billion
Zacks: Analysts Expect Owens & Minor, Inc. Will Announce Quarterly Sales of $2.49 Billion


© 2006-2019 Ticker Report