Doman Building Materials Group Ltd. (TSE:DBM) Receives Consensus Rating of “Buy” from Analysts

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been given an average recommendation of “Buy” by the six analysts that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$12.21.

A number of analysts have recently issued reports on the company. Raymond James Financial raised their price objective on 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. Stifel Nicolaus raised 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 research report on Tuesday, May 12th. Royal Bank Of Canada raised their price objective on 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 raised their price objective 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. Finally, National Bank Financial raised their price objective on 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, May 12th.

Doman Building Materials Group Stock Down 1.0%

DBM stock opened at C$10.54 on Friday. 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 business has a 50 day moving average price of C$10.02 and a two-hundred day moving average price of C$9.81. The company has a market cap of C$925.02 million, a price-to-earnings ratio of 11.46 and a beta of 1.28. Doman Building Materials Group has a twelve month low of C$8.34 and a twelve month high of C$10.75.

Doman Building Materials Group (TSE:DBM) last posted its quarterly earnings results on Friday, May 8th. The company reported C$0.27 earnings per share for the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%.The firm had revenue of C$761.97 million during the quarter. Analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, March 31st. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 60.87%.

Insiders Place Their Bets

In related news, insider Darren John Alexander Gwozd acquired 5,200 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of C$10.35 per share, with a total value of C$53,820.00. Following the acquisition, the insider directly owned 5,200 shares of the company’s stock, valued at approximately C$53,820. The trade was a ∞ increase in their ownership of the stock. 20.04% of the stock is owned by corporate insiders.

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.