Shares of Hardwoods Distribution Inc. (OTCMKTS:HDIUF – Get Rating) have been given an average rating of "Buy" by the seven research firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $66.30.
Several research firms have recently commented on HDIUF. CIBC lifted their price objective on shares of Hardwoods Distribution from C$41.00 to C$46.00 in a research note on Tuesday, August 16th. Stifel Nicolaus assumed coverage on shares of Hardwoods Distribution in a research report on Thursday, September 29th. They set a "buy" rating for the company.
Get Hardwoods Distribution alerts:Hardwoods Distribution Stock Performance
Shares of HDIUF opened at $17.26 on Monday. Hardwoods Distribution has a twelve month low of $16.36 and a twelve month high of $38.96. The company has a 50 day moving average of $20.89 and a two-hundred day moving average of $23.39.
Hardwoods Distribution Increases Dividend
The company also recently disclosed a dividend, which will be paid on Friday, October 28th. Shareholders of record on Monday, October 17th will be issued a $0.0938 dividend. This is a boost from Hardwoods Distribution's previous dividend of $0.09. The ex-dividend date is Friday, October 14th. This represents a yield of 2.16%.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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