CanWel Building Materials Group Ltd (CWX) Director Buys C$76,731.84 in Stock

CanWel Building Materials Group Ltd (CWX) Director Buys C$76,731.84 in Stock

CanWel Building Materials Group Ltd (TSE:CWX) Director Harry Rosenfeld bought 17,762 shares of the stock in a transaction dated Monday, May 13th. The shares were acquired at an average price of C$4.32 per share, for a total transaction of C$76,731.84. Following the completion of the transaction, the director now owns 54,555 shares of the company’s stock, valued at approximately C$235,677.60.

Shares of CWX opened at C$4.63 on Thursday. The company has a debt-to-equity ratio of 139.24, a quick ratio of 1.06 and a current ratio of 2.96. The company has a market cap of $345.97 million and a PE ratio of 15.54. CanWel Building Materials Group Ltd has a 12-month low of C$4.19 and a 12-month high of C$7.44.

CanWel Building Materials Group (TSE:CWX) last announced its earnings results on Tuesday, March 5th. The company reported C$0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.04 by C($0.03). The firm had revenue of C$264.04 million for the quarter, compared to analyst estimates of C$274.64 million. Analysts anticipate that CanWel Building Materials Group Ltd will post 0.449999970967744 earnings per share for the current year.

A number of brokerages have recently issued reports on CWX. Raymond James restated a “market perform” rating and set a C$5.00 target price on shares of CanWel Building Materials Group in a research report on Monday. CIBC lowered their target price on shares of CanWel Building Materials Group from C$5.50 to C$4.50 in a research report on Monday. Canaccord Genuity lowered their target price on shares of CanWel Building Materials Group from C$4.80 to C$4.25 in a research report on Friday, May 10th. Finally, National Bank Financial set a C$4.50 target price on shares of CanWel Building Materials Group in a research report on Friday, May 10th.

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 decking and railing; engineered wood products; fasteners and adhesives; foundation; insulation and building envelope; interior finishing; 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.

Featured Story: Calculating net profit and net profit margin ratio

Related posts

Leave a Comment