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

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have received an average recommendation of “Buy” from the six ratings firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$12.21.

A number of analysts have issued reports on DBM shares. Stifel Nicolaus lifted their price objective 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. Raymond James Financial lifted 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 report on Monday, March 9th. Royal Bank Of Canada lifted 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 report on Thursday, April 16th. National Bank Financial lifted 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 report on Tuesday, May 12th. Finally, Desjardins lifted 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 report on Tuesday, May 12th.

Doman Building Materials Group Stock Performance

TSE:DBM opened at C$11.08 on Thursday. The company has a debt-to-equity ratio of 175.88, a current ratio of 3.94 and a quick ratio of 1.11. Doman Building Materials Group has a 1 year low of C$8.34 and a 1 year high of C$11.33. The stock’s 50 day simple moving average is C$10.31 and its two-hundred day simple moving average is C$9.97. The company has a market cap of C$972.41 million, a price-to-earnings ratio of 12.04 and a beta of 1.54.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings data on Friday, May 8th. The company reported C$0.27 earnings per share (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, equities analysts anticipate that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal year.

Doman Building Materials Group Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Darren John Alexander Gwozd bought 5,200 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was acquired at an average cost 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 trade represents a ∞ increase in their position. 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.