Shares of Hardwoods Distribution Inc. (OTCMKTS:HDIUF – Get Rating) have been assigned an average recommendation of "Buy" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $66.30.
A number of equities research analysts have recently commented on HDIUF shares. Stifel Nicolaus started coverage on shares of Hardwoods Distribution in a research report on Thursday. They issued a "buy" rating for the company. CIBC raised their price objective on shares of Hardwoods Distribution from C$41.00 to C$46.00 in a research report on Tuesday, August 16th.
Get Hardwoods Distribution alerts:Hardwoods Distribution Stock Performance
Shares of OTCMKTS HDIUF opened at $19.14 on Thursday. The firm has a 50-day simple moving average of $23.08 and a 200-day simple moving average of $24.72. Hardwoods Distribution has a 52 week low of $17.98 and a 52 week high of $38.96.
Hardwoods Distribution Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Friday, July 29th. Stockholders of record on Monday, July 18th were paid a $0.0927 dividend. This represents a dividend yield of 1.63%. The ex-dividend date was Friday, July 15th.About Hardwoods Distribution
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Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. It offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, solid surface products, and decorative laminates.
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