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

Doman Building Materials Group Ltd. (TSE:DBM)’s stock price reached 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. The stock had previously closed at C$10.44.

Analyst Ratings Changes

A number of research firms recently weighed in on DBM. National Bank Financial increased their price objective 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. Stifel Nicolaus increased 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, May 12th. Desjardins increased 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, May 12th. Raymond James Financial increased their price objective 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, Royal Bank Of Canada increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of C$12.21.

Doman Building Materials Group Stock Performance

The company has a market capitalization of C$932.04 million, a price-to-earnings ratio of 11.54 and a beta of 1.28. 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 stock’s fifty day simple moving average is C$9.97 and its 200-day simple moving average is C$9.77.

Doman Building Materials Group (TSE:DBM) last released 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 for the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. Analysts predict that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current year.

Doman Building Materials Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.14 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.56 dividend on an annualized basis and a 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 acquired 5,200 shares of Doman Building Materials Group stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of C$10.35 per share, for a total transaction of C$53,820.00. Following the acquisition, the insider owned 5,200 shares of the company’s stock, valued at C$53,820. This trade represents a ∞ increase in their ownership of the stock. 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.