Doman Building Materials Group (TSE:DBM) Reaches New 1-Year High – Here’s What Happened

Shares of Doman Building Materials Group Ltd. (TSE:DBM) hit a new 52-week high on Tuesday . The stock traded as high as C$11.69 and last traded at C$11.65, with a volume of 166410 shares trading hands. The stock had previously closed at C$11.37.

Analysts Set New Price Targets

Several equities research analysts have commented on DBM shares. Royal Bank Of Canada boosted their price target 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. National Bank Financial lifted their price objective 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 note on Tuesday, May 12th. Stifel Nicolaus boosted 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 report on Tuesday, May 12th. Finally, Desjardins increased their target price 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 note on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, Doman Building Materials Group has an average rating of “Buy” and an average target price of C$12.21.

Doman Building Materials Group Stock Up 1.7%

The stock has a fifty day moving average of C$10.80 and a 200-day moving average of C$10.22. The firm has a market capitalization of C$1.01 billion, a price-to-earnings ratio of 12.57 and a beta of 1.51. The company has a current ratio of 3.94, a quick ratio of 1.11 and a debt-to-equity ratio of 175.88.

Doman Building Materials Group (TSE:DBM) last announced 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 during the quarter. As a group, sell-side analysts expect that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current year.

Doman Building Materials Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 4.8%. Doman Building Materials Group’s dividend payout ratio is currently 60.87%.

Insider Activity at Doman Building Materials Group

In other news, insider Darren John Alexander Gwozd bought 5,200 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of C$10.35 per share, with a total value of C$53,820.00. Following the completion of the transaction, the insider directly owned 5,200 shares in the company, valued at approximately C$53,820. The trade was a ∞ increase in their position. 20.04% of the stock is currently owned by insiders.

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.