CanWel Building Materials Group Ltd. (CWX) Director Acquires C$68,300.00 in Stock

CanWel Building Materials Group Ltd. (TSE:CWX) Director Amar Doman bought 10,000 shares of the stock in a transaction dated Wednesday, March 21st. The stock was bought at an average price of C$6.83 per share, for a total transaction of C$68,300.00.

Amar Doman also recently made the following trade(s):

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  • On Friday, March 23rd, Amar Doman purchased 35,000 shares of CanWel Building Materials Group stock. The shares were acquired at an average price of C$6.73 per share, for a total transaction of C$235,550.00.
  • On Wednesday, March 14th, Amar Doman purchased 30,000 shares of CanWel Building Materials Group stock. The shares were acquired at an average price of C$6.88 per share, for a total transaction of C$206,400.00.

Shares of TSE:CWX traded down C$0.08 during midday trading on Friday, hitting C$6.33. The company had a trading volume of 105,800 shares, compared to its average volume of 197,588. CanWel Building Materials Group Ltd. has a twelve month low of C$5.84 and a twelve month high of C$7.50.

CanWel Building Materials Group (TSE:CWX) last posted its earnings results on Thursday, March 8th. The company reported C$0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.07 by C$0.02. The company had revenue of C$276.22 million during the quarter, compared to analysts’ expectations of C$255.96 million. CanWel Building Materials Group had a return on equity of 15.13% and a net margin of 3.65%.

CWX has been the subject of a number of research analyst reports. Canaccord Genuity raised CanWel Building Materials Group from a “speculative buy” rating to a “buy” rating in a report on Friday, March 9th. CIBC reaffirmed a “neutral” rating and issued a C$6.50 price target on shares of CanWel Building Materials Group in a report on Wednesday, February 28th. Finally, National Bank Financial increased their price target on CanWel Building Materials Group from C$7.50 to C$8.00 and gave the company an “outperform” rating in a report on Friday, March 9th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. CanWel Building Materials Group has an average rating of “Buy” and an average price target of C$7.40.

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CanWel Building Materials Group Company Profile

CanWel Building Materials Group Ltd., through its subsidiaries, distributes building materials and home renovation products in Canada and the Western United States. The company sells adhesives; engineered wood products; fasteners; foundation, insulation, interior finishing, and outdoor living products; roofing and accessories; and siding and trim, underlayment, and security and doorware products.

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

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