CanWel Building Materials Group Ltd (CWX) Director Harry Rosenfeld Acquires 1,883 Shares of Stock

CanWel Building Materials Group Ltd (TSE:CWX) Director Harry Rosenfeld purchased 1,883 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of C$6.71 per share, for a total transaction of C$12,634.93.

CanWel Building Materials Group Ltd (CWX) remained flat at $C$6.75 on Wednesday. 63,446 shares of the company’s stock were exchanged, compared to its average volume of 152,923. CanWel Building Materials Group Ltd has a 52 week low of C$5.23 and a 52 week high of C$6.85.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.30%. The ex-dividend date is Thursday, December 28th. CanWel Building Materials Group’s dividend payout ratio (DPR) is 160.00%.

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A number of analysts recently issued reports on CWX shares. Canaccord Genuity increased their price target on shares of CanWel Building Materials Group from C$7.00 to C$7.50 and gave the stock a “speculative buy” rating in a report on Wednesday, September 27th. Royal Bank Of Canada reissued an “outperform” rating and set a C$7.50 price target on shares of CanWel Building Materials Group in a report on Monday, October 23rd. Finally, National Bank Financial increased their price objective on shares of CanWel Building Materials Group from C$7.00 to C$7.50 and gave the company an “outperform” rating in a report on Monday.

About CanWel Building Materials Group

CanWel Building Materials Group Ltd is a Canada-based wholesale distributor of building materials and home renovation products, and provider of wood pressure treating services in Canada and the Western United States. The Company services the new home construction, home renovation and industrial markets by supplying the retail and wholesale lumber and building materials industry, hardware stores, industrial and furniture manufacturers similar concerns.

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

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