Marc Seguin Purchases 10,000 Shares of CanWel Building Materials Group Ltd (CWX) Stock

CanWel Building Materials Group Ltd (TSE:CWX) Director Marc Seguin bought 10,000 shares of the business’s stock in a transaction dated Friday, September 21st. The shares were purchased at an average cost of C$5.70 per share, with a total value of C$57,000.00.

TSE CWX traded up C$0.07 on Tuesday, hitting C$5.77. The company had a trading volume of 155,099 shares, compared to its average volume of 168,130. CanWel Building Materials Group Ltd has a 12-month low of C$5.57 and a 12-month high of C$7.50.

CanWel Building Materials Group (TSE:CWX) last issued its quarterly earnings results on Wednesday, August 1st. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.21 by C($0.02). The company had revenue of C$382.10 million during the quarter, compared to analysts’ expectations of C$415.20 million. CanWel Building Materials Group had a return on equity of 15.13% and a net margin of 3.65%.

Several equities research analysts recently commented on the stock. Canaccord Genuity cut their price target on shares of CanWel Building Materials Group from C$7.75 to C$7.50 in a report on Thursday, August 2nd. CIBC cut their price target on shares of CanWel Building Materials Group from C$7.00 to C$6.50 in a report on Wednesday, September 19th. Raymond James cut their price target on shares of CanWel Building Materials Group from C$8.00 to C$7.00 and set an “outperform” rating for the company in a report on Wednesday, September 12th. Finally, National Bank Financial cut their price target on shares of CanWel Building Materials Group from C$8.50 to C$7.50 and set an “outperform” rating for the company in a report on Friday, September 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$7.20.

CanWel Building Materials Group Company Profile

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada, Hawaii, and the Western United States. It operates through two segments, Building Materials Distribution and Forestry. The company sells adhesives; decking and railing; engineered wood products; fasteners; foundation; insulation; interior finishing; building envelope; lumber, plywood, OSB, and specialty industrial products; roofing and accessories; treated wood; exterior trim and décor products; welded panels; profiles and colors; fusion stones; exterior products; sidings, panels, shingles, and trims; and security and door ware products.

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Insider Buying and Selling by Quarter for CanWel Building Materials Group (TSE:CWX)

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