Doman Building Materials Group (TSE:DBM) Hits New 12-Month High – Should You Buy?

Doman Building Materials Group Ltd. (TSE:DBM)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$11.08 and last traded at C$11.05, with a volume of 324553 shares traded. The stock had previously closed at C$10.47.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DBM shares. Desjardins raised their target price on 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 raised their target price on 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. National Bank Financial raised their target price on 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. Royal Bank Of Canada raised 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 report on Thursday, April 16th. Finally, Stifel Nicolaus boosted 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 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. According to MarketBeat, Doman Building Materials Group presently has a consensus rating of “Buy” and an average price target of C$12.21.

Doman Building Materials Group Trading Up 2.9%

The firm has a market cap of C$958.37 million, a P/E ratio of 11.87 and a beta of 1.54. The company has a 50 day moving average of C$10.16 and a 200 day moving average of C$9.91. The company has a debt-to-equity ratio of 175.88, a quick ratio of 1.11 and a current ratio of 3.94.

Doman Building Materials Group (TSE:DBM) last posted its earnings results on Friday, May 8th. The company reported C$0.27 EPS for the quarter. The company had revenue of C$761.97 million during 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 fiscal year.

Doman Building Materials Group Announces Dividend

The business 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. This represents a $0.56 annualized dividend and a yield of 5.1%. The ex-dividend date was Tuesday, March 31st. Doman Building Materials Group’s dividend payout ratio (DPR) is 60.87%.

Insider Buying and Selling at Doman Building Materials Group

In related news, insider Darren John Alexander Gwozd purchased 5,200 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of C$10.35 per share, for a total transaction of C$53,820.00. Following the purchase, the insider owned 5,200 shares in the company, valued at C$53,820. The trade was a ∞ increase in their position. 20.04% of the stock is owned by corporate 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.