Doman Building Materials Group (TSE:DBM) Sets New 12-Month High – What’s Next?

Doman Building Materials Group Ltd. (TSE:DBM)’s share price hit a new 52-week high on Wednesday . The company traded as high as C$10.68 and last traded at C$10.62, with a volume of 122894 shares traded. The stock had previously closed at C$10.44.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DBM shares. Desjardins upped their price target on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada upped their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. National Bank Financial upped their price target on shares of Doman Building Materials Group from C$12.50 to C$13.50 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Raymond James Financial upped their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “strong-buy” rating in a research report on Monday, March 9th. Finally, Stifel Nicolaus upped their price target on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, Doman Building Materials Group currently has a consensus rating of “Buy” and a consensus price target of C$12.21.

Doman Building Materials Group Stock Performance

The firm’s 50 day moving average price is C$9.97 and its two-hundred day moving average price is C$9.77. The company has a debt-to-equity ratio of 175.88, a quick ratio of 1.11 and a current ratio of 3.94. The firm has a market cap of C$932.04 million, a PE ratio of 11.54 and a beta of 1.28.

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

Doman Building Materials Group Dividend Announcement

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

Insider Buying and Selling at Doman Building Materials Group

In other news, insider Darren John Alexander Gwozd purchased 5,200 shares of the company’s stock in a transaction dated Thursday, May 14th. The stock was acquired at an average price of C$10.35 per share, with a total value of C$53,820.00. Following the purchase, the insider directly owned 5,200 shares in the company, valued at approximately C$53,820. This represents a ? increase in their position. 20.04% of the stock is currently owned by company insiders.

Doman Building Materials Group Company Profile

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.