Intercontinental Wealth Advisors LLC Has $325,000 Stake in Norbord Inc (OSB)

Intercontinental Wealth Advisors LLC lifted its position in Norbord Inc (NYSE:OSB) by 38.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,810 shares of the construction company’s stock after buying an additional 2,728 shares during the period. Intercontinental Wealth Advisors LLC’s holdings in Norbord were worth $325,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Addenda Capital Inc. grew its position in shares of Norbord by 15.8% in the 3rd quarter. Addenda Capital Inc. now owns 46,000 shares of the construction company’s stock worth $1,523,000 after buying an additional 6,270 shares during the last quarter. KAMES CAPITAL plc purchased a new stake in Norbord during the 3rd quarter worth approximately $705,000. Bank of New York Mellon Corp grew its position in Norbord by 120.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 42,629 shares of the construction company’s stock worth $1,753,000 after purchasing an additional 23,305 shares during the last quarter. Schroder Investment Management Group grew its position in Norbord by 22.3% during the 2nd quarter. Schroder Investment Management Group now owns 681,144 shares of the construction company’s stock worth $36,563,000 after purchasing an additional 124,217 shares during the last quarter. Finally, Green Square Capital LLC purchased a new stake in Norbord during the 2nd quarter worth approximately $569,000. 76.86% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:OSB opened at $28.43 on Wednesday. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 6.33, a P/E/G ratio of 0.97 and a beta of 2.41. Norbord Inc has a twelve month low of $26.61 and a twelve month high of $45.45. The company has a current ratio of 2.69, a quick ratio of 1.83 and a debt-to-equity ratio of 0.46.

Norbord (NYSE:OSB) last released its earnings results on Thursday, August 2nd. The construction company reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.31. The company had revenue of $707.00 million for the quarter, compared to the consensus estimate of $682.27 million. Norbord had a net margin of 22.75% and a return on equity of 48.17%. Norbord’s revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. On average, equities research analysts expect that Norbord Inc will post 5.7 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Saturday, September 1st were paid a dividend of $3.459 per share. This represents a $13.84 annualized dividend and a yield of 48.67%. This is a boost from Norbord’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Thursday, August 30th. Norbord’s payout ratio is presently 306.68%.

OSB has been the topic of several research analyst reports. ValuEngine downgraded shares of Norbord from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Zacks Investment Research downgraded shares of Norbord from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 6th. Finally, Vertical Research raised shares of Norbord from a “hold” rating to a “buy” rating in a research report on Thursday, October 11th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $42.29.

Norbord Company 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.

See Also: Cash Flow Analysis in Stock Selection

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.

Leave a Reply