Doman Building Materials Group (TSE:DBM) Insider Darren John Alexander Gwozd Acquires 5,200 Shares

Doman Building Materials Group Ltd. (TSE:DBM) insider Darren John Alexander Gwozd bought 5,200 shares of Doman Building Materials Group stock in a transaction dated Thursday, May 14th. The stock was acquired 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 C$53,820. This trade represents a ∞ increase in their position.

Doman Building Materials Group Trading Down 0.4%

Shares of Doman Building Materials Group stock opened at C$10.30 on Friday. The firm has a 50-day moving average of C$9.89 and a 200-day moving average of C$9.69. The stock has a market cap of C$903.96 million, a PE ratio of 11.20 and a beta of 1.28. Doman Building Materials Group Ltd. has a 52-week low of C$8.10 and a 52-week high of C$10.75. The company has a debt-to-equity ratio of 175.88, a quick ratio of 1.11 and a current ratio of 3.94.

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

Doman Building Materials Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Doman Building Materials Group’s payout ratio is presently 60.87%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Raymond James Financial boosted their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a research report on Monday, March 9th. National Bank Financial boosted their target price on shares of Doman Building Materials Group from C$12.50 to C$13.50 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank Of Canada boosted their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Desjardins upped their price objective 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. Finally, Stifel Nicolaus upped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$12.21.

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.