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

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

A number of brokerages have recently issued reports on DBM. National Bank Financial upped their target price on shares of 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. Desjardins upped their target price on shares of 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. Stifel Nicolaus upped their target price on shares of 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. 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 report on Thursday, April 16th. Finally, Raymond James Financial upped their target price on shares of 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.

Insider Activity

In related news, insider Darren John Alexander Gwozd bought 5,200 shares of Doman Building Materials Group stock in a transaction dated Thursday, May 14th. The shares were bought at an average cost of C$10.35 per share, for a total transaction of C$53,820.00. Following the completion of the transaction, the insider owned 5,200 shares of the company’s stock, valued at approximately C$53,820. This trade represents a ∞ increase in their ownership of the stock. Insiders own 20.04% of the company’s stock.

Doman Building Materials Group Price Performance

Shares of Doman Building Materials Group stock opened at C$10.30 on Friday. The company has a current ratio of 3.94, a quick ratio of 1.11 and a debt-to-equity ratio of 175.88. The stock has a market capitalization of C$903.96 million, a price-to-earnings ratio of 11.20 and a beta of 1.28. Doman Building Materials Group has a 1-year low of C$8.10 and a 1-year high of C$10.75. The firm’s 50-day moving average price is C$9.93 and its two-hundred day moving average price is C$9.75.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings data 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 for the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. On average, equities analysts predict that Doman Building Materials Group will post 0.8051471 earnings per share 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. Stockholders of record on Wednesday, April 15th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date was Tuesday, March 31st. Doman Building Materials Group’s dividend payout ratio is presently 60.87%.

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.