Doman Building Materials Group (TSE:DBM) Shares Cross Above 200-Day Moving Average – What’s Next?

Doman Building Materials Group Ltd. (TSE:DBM) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.43 and traded as high as C$11.66. Doman Building Materials Group shares last traded at C$11.56, with a volume of 136,542 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DBM. Stifel Nicolaus upped their price objective on Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Royal Bank Of Canada lifted their target price on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Desjardins boosted their price target on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Raymond James Financial upped their price target on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an “outperform” rating in a research note on Thursday. Finally, National Bank Financial raised their price objective on Doman Building Materials Group from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Doman Building Materials Group currently has a consensus rating of “Buy” and a consensus price target of C$12.38.

Doman Building Materials Group Stock Performance

The stock’s 50 day moving average price is C$11.22 and its 200 day moving average price is C$10.46. The company has a current ratio of 3.94, a quick ratio of 1.11 and a debt-to-equity ratio of 175.88. The firm has a market cap of C$993.48 million, a PE ratio of 12.30 and a beta of 1.51.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$0.36 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 firm had revenue of C$904.47 million during the quarter. As a group, equities analysts forecast that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current fiscal year.

Doman Building Materials Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.14 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.9%. Doman Building Materials Group’s dividend payout ratio (DPR) is 60.87%.

Insider Activity at Doman Building Materials Group

In related news, insider Darren John Alexander Gwozd purchased 5,200 shares of Doman Building Materials Group stock in a transaction that occurred on Thursday, May 14th. The shares were purchased at an average cost of C$10.35 per share, with a total value of C$53,820.00. Following the transaction, the insider owned 5,200 shares of the company’s stock, valued at approximately C$53,820. The trade was a ? increase in their position. Insiders own 20.04% of the company’s stock.

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.