Doman Building Materials Group (TSE:DBM) Hits New 52-Week High – Here’s What Happened

Shares of Doman Building Materials Group Ltd. (TSE:DBM) hit a new 52-week high on Monday . The stock traded as high as C$11.05 and last traded at C$11.09, with a volume of 25164 shares changing hands. The stock had previously closed at C$10.97.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Royal Bank Of Canada lifted their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Thursday, April 16th. Raymond James Financial raised their target price 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 report on Monday, March 9th. National Bank Financial lifted their target price 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 note on Tuesday, May 12th. Desjardins upped their price target on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Stifel Nicolaus increased their price target on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a “buy” rating in a research report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$12.21.

Doman Building Materials Group Trading Up 3.0%

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 fifty day simple moving average of C$10.22 and a two-hundred day simple moving average of C$9.94. The firm has a market cap of C$991.72 million, a PE ratio of 12.28 and a beta of 1.54.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings data on Friday, May 8th. The company reported C$0.27 earnings per share for the quarter. The firm 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%. Equities analysts forecast that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current year.

Doman Building Materials Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Doman Building Materials Group’s payout ratio is presently 60.87%.

Insider Buying and Selling

In related news, insider Darren John Alexander Gwozd acquired 5,200 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was 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. Company 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.