Doman Building Materials Group Ltd. (TSE:DBM) Director Amar Doman Buys 10,000 Shares

Doman Building Materials Group Ltd. (TSE:DBM) Director Amar Doman bought 10,000 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was purchased at an average price of C$7.23 per share, with a total value of C$72,300.00.

Amar Doman also recently made the following trade(s):

• On Tuesday, May 14th, Amar Doman acquired 60,000 shares of Doman Building Materials Group stock. The shares were acquired at an average price of C$7.24 per share, with a total value of C$434,172.00.

Doman Building Materials Group Price Performance

Shares of Doman Building Materials Group stock opened at C$7.24 on Friday. The company’s 50-day moving average price is C$7.92 and its two-hundred day moving average price is C$7.76. The stock has a market cap of C$630.89 million, a PE ratio of 8.42 and a beta of 1.58. The company has a current ratio of 1.30, a quick ratio of 1.11 and a debt-to-equity ratio of 142.37. Doman Building Materials Group Ltd. has a 52 week low of C$6.08 and a 52 week high of C$8.64.

Doman Building Materials Group (TSE:DBM) last issued its earnings results on Thursday, May 9th. The company reported C$0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.16. The firm had revenue of C$602.48 million during the quarter, compared to analysts’ expectations of C$665.05 million. Doman Building Materials Group had a net margin of 3.03% and a return on equity of 12.84%. As a group, sell-side analysts anticipate that Doman Building Materials Group Ltd. will post 0.744877 EPS for the current fiscal year.

Doman Building Materials Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date was Wednesday, March 27th. Doman Building Materials Group’s payout ratio is 65.12%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DBM. Canaccord Genuity Group cut their target price on Doman Building Materials Group from C$10.00 to C$9.00 and set a “buy” rating on the stock in a research note on Tuesday, May 14th. CIBC cut their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 14th. Stifel Nicolaus increased their target price on shares of Doman Building Materials Group from C$9.25 to C$11.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. National Bankshares boosted their price target on shares of Doman Building Materials Group from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Monday, May 13th. Finally, Raymond James lowered their price objective on shares of Doman Building Materials Group from C$10.75 to C$9.75 and set a “strong-buy” rating on the stock in a research note on Monday, May 13th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Doman Building Materials Group presently has an average rating of “Buy” and a consensus target price of C$9.88.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.