Darren John Alexander Gwozd Purchases 5,200 Shares of Doman Building Materials Group (TSE:DBM) Stock

Doman Building Materials Group Ltd. (TSE:DBM) insider Darren John Alexander Gwozd purchased 5,200 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were acquired 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 C$53,820. This trade represents a ∞ increase in their position.

Doman Building Materials Group Price Performance

TSE:DBM opened at C$10.30 on Friday. Doman Building Materials Group Ltd. has a 52 week low of C$8.10 and a 52 week high of C$10.75. The firm has a market cap of C$903.96 million, a price-to-earnings ratio of 11.20 and a beta of 1.28. The firm’s 50-day simple moving average is C$9.89 and its 200 day simple moving average is C$9.69. 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 quarterly earnings results on Friday, May 8th. The company reported C$0.27 EPS for the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. The business had revenue of C$761.97 million for the quarter. As a group, sell-side analysts predict that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Doman Building Materials Group’s dividend payout ratio (DPR) is currently 60.87%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Royal Bank Of Canada raised their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Raymond James Financial raised their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a report on Monday, March 9th. National Bank Financial raised their target price on shares of Doman Building Materials Group from C$12.50 to C$13.50 and gave the company an “outperform” rating in a report on Tuesday, May 12th. Stifel Nicolaus raised their target price on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Desjardins raised 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 report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, Doman Building Materials Group presently has a consensus rating of “Buy” and an average target price of C$12.21.

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.