Shares of Hardwoods Distribution Inc. (OTCMKTS:HDIUF – Get Rating) have been assigned an average rating of "Buy" from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is $66.30.
HDIUF has been the topic of a number of recent research reports. CIBC upped their price target on Hardwoods Distribution from C$41.00 to C$46.00 in a research report on Tuesday, August 16th. Stifel Nicolaus initiated coverage on Hardwoods Distribution in a research report on Thursday, September 29th. They set a "buy" rating on the stock.
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HDIUF stock opened at $18.71 on Monday. The stock's fifty day simple moving average is $20.09 and its two-hundred day simple moving average is $23.05. Hardwoods Distribution has a 1-year low of $16.36 and a 1-year high of $38.96.
Hardwoods Distribution Increases Dividend
The business also recently disclosed a dividend, which was paid on Friday, October 28th. Investors of record on Monday, October 17th were issued a dividend of $0.0938 per share. This is a boost from Hardwoods Distribution's previous dividend of $0.09. The ex-dividend date was 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.
Further Reading
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