Doman Building Materials Group (TSE:DBM) Price Target Raised to C$14.00

Doman Building Materials Group (TSE:DBM) had its price objective hoisted by National Bank Financial from C$13.50 to C$14.00 in a report issued on Wednesday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Several other analysts have also commented on the company. Stifel Nicolaus increased their price objective on Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a “buy” rating in a report on Tuesday, May 12th. Royal Bank Of Canada boosted their target price 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. Finally, Desjardins upped their target price 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. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of C$12.29.

Doman Building Materials Group Trading Up 0.4%

TSE DBM opened at C$11.60 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 3.94 and a debt-to-equity ratio of 175.88. The firm has a market cap of C$1.02 billion, a PE ratio of 12.61 and a beta of 1.51. The company has a 50 day moving average price of C$11.04 and a 200 day moving average price of C$10.35. Doman Building Materials Group has a 52 week low of C$8.34 and a 52 week high of C$11.99.

Doman Building Materials Group (TSE:DBM) last announced its 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 company had revenue of C$761.97 million during the quarter. As a group, sell-side analysts forecast that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Tuesday, June 30th. Doman Building Materials Group’s payout ratio is presently 60.87%.

Insider Buying and Selling at Doman Building Materials Group

In related news, insider Darren John Alexander Gwozd acquired 5,200 shares of the company’s stock in a transaction dated 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 completion of the acquisition, the insider directly owned 5,200 shares of the company’s stock, valued at C$53,820. This represents a ∞ increase in their ownership of the stock. 20.04% of the stock is owned by company insiders.

About Doman Building Materials Group

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.