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

Doman Building Materials Group Ltd. (TSE:DBM) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$12.21.

Several research analysts have recently issued reports on DBM shares. Royal Bank Of Canada upped their target price on shares of 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. National Bank Financial raised their price target on shares of 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. Desjardins boosted their price objective on shares of 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, Stifel Nicolaus upped 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.

Insider Buying and Selling at Doman Building Materials Group

In other Doman Building Materials Group news, insider Darren John Alexander Gwozd purchased 5,200 shares of the 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 in the company, valued at C$53,820. This trade represents a ∞ increase in their position. 20.04% of the stock is owned by corporate insiders.

Doman Building Materials Group Price Performance

Shares of TSE DBM opened at C$11.05 on Monday. The company has a 50 day simple moving average of C$10.77 and a two-hundred day simple moving average of C$10.21. Doman Building Materials Group has a fifty-two week low of C$8.34 and a fifty-two week high of C$11.63. The company has a market capitalization of C$969.78 million, a price-to-earnings ratio of 12.01 and a beta of 1.51. 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 issued its quarterly earnings results on Friday, May 8th. The company reported C$0.27 earnings per share for the quarter. The firm had revenue of C$761.97 million during the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%. Analysts expect that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.1%. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 60.87%.

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.