Doman Building Materials Group (TSE:DBM) Shares Pass Above 200 Day Moving Average – Should You Sell?

Doman Building Materials Group Ltd. (TSE:DBM)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$10.18 and traded as high as C$11.40. Doman Building Materials Group shares last traded at C$11.21, with a volume of 175,444 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DBM. Royal Bank Of Canada increased 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. Stifel Nicolaus upped their price target on Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Desjardins increased their price objective on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a 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. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat.com, Doman Building Materials Group currently has a consensus rating of “Buy” and a consensus price target of C$12.21.

Doman Building Materials Group Price Performance

The firm has a market cap of C$983.82 million, a P/E ratio of 12.18 and a beta of 1.51. The company has a debt-to-equity ratio of 175.88, a current ratio of 3.94 and a quick ratio of 1.11. The firm’s 50 day moving average is C$10.74 and its 200 day moving average is C$10.18.

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 business had revenue of C$761.97 million during the quarter. As a group, analysts anticipate that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $0.56 annualized dividend and a dividend yield of 5.0%. Doman Building Materials Group’s dividend payout ratio is presently 60.87%.

Insiders Place Their Bets

In related news, insider Darren John Alexander Gwozd acquired 5,200 shares of Doman Building Materials Group stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of C$10.35 per share, with a total value of C$53,820.00. Following the transaction, the insider directly owned 5,200 shares in the company, valued at approximately C$53,820. This represents a ∞ increase in their ownership of the stock. 20.04% of the stock is currently 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.