Doman Building Materials Group Ltd. (TSE:DBM) Receives Consensus Rating of “Buy” from Brokerages

Doman Building Materials Group Ltd. (TSE:DBM) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$12.21.

DBM has been the topic of several research reports. Royal Bank Of Canada raised their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Stifel Nicolaus raised their price target on Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Raymond James Financial raised their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a research note on Monday, March 9th. National Bank Financial raised their price target on Doman Building Materials Group from C$12.50 to C$13.50 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Desjardins lifted their target price on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Tuesday, May 12th.

Doman Building Materials Group Stock Performance

DBM stock opened at C$10.65 on Friday. The company has a quick ratio of 1.11, a current ratio of 3.94 and a debt-to-equity ratio of 175.88. The business’s fifty day simple moving average is C$10.00 and its two-hundred day simple moving average is C$9.80. Doman Building Materials Group has a twelve month low of C$8.34 and a twelve month high of C$10.75. The firm has a market cap of C$934.68 million, a price-to-earnings ratio of 11.58 and a beta of 1.28.

Doman Building Materials Group (TSE:DBM) last released its earnings results on Friday, May 8th. The company reported C$0.27 earnings per share for the quarter. The business had revenue of C$761.97 million for the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%. Analysts predict that Doman Building Materials Group will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.3%. The ex-dividend date was Tuesday, March 31st. Doman Building Materials Group’s payout ratio is 60.87%.

Insider Transactions at Doman Building Materials Group

In related news, insider Darren John Alexander Gwozd bought 5,200 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were bought at an average price of C$10.35 per share, for a total transaction of C$53,820.00. Following the completion of the purchase, the insider directly owned 5,200 shares of the company’s stock, valued at approximately C$53,820. This trade represents a ? increase in their ownership of the stock. 20.04% of the stock is owned by company insiders.

About Doman Building Materials Group

Doman Building Materials Group Ltd is a wholesale distributor of building materials and home renovation products. 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 and similar concerns. Its operations also include timber ownership and management of private timberlands and forest licenses, and agricultural post-peeling and pressure treating through CanWel Fibre Corp.