Doman Building Materials Group (TSE:DBM) Cut to Moderate Buy at Raymond James Financial

Raymond James Financial cut shares of Doman Building Materials Group (TSE:DBM) from a strong-buy rating to a moderate buy rating in a report released on Monday morning, Marketbeat Ratings reports. Raymond James Financial currently has C$12.00 target price on the stock.

DBM has been the topic of several other reports. Royal Bank Of Canada increased 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. Stifel Nicolaus boosted their target price on Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. National Bank Financial upped their target price on Doman Building Materials Group from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Finally, Desjardins increased their price target on shares of 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. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$12.29.

Doman Building Materials Group Stock Down 1.8%

Shares of TSE:DBM opened at C$11.29 on Monday. Doman Building Materials Group has a 52-week low of C$8.34 and a 52-week high of C$11.99. The firm has a fifty day moving average of C$11.11 and a 200 day moving average of C$10.39. The firm has a market capitalization of C$990.84 million, a PE ratio of 12.27 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 released its earnings results on Friday, May 8th. The company reported C$0.27 EPS for the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%.The business had revenue of C$761.97 million for the quarter. As a group, research analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Announces Dividend

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

Insider Activity at Doman Building Materials Group

In related news, insider Darren John Alexander Gwozd bought 5,200 shares of the stock in a transaction dated 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 purchase, the insider owned 5,200 shares in the company, valued at approximately C$53,820. The trade was a ∞ increase in their position. Corporate insiders own 20.04% of the company’s stock.

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.