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

Doman Building Materials Group Ltd. (TSE:DBM) has been given a consensus rating of “Buy” by the six research firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have covered the stock in the last year is C$12.38.

DBM has been the subject of several recent research reports. 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 stock an “outperform” rating in a report on Thursday, April 16th. Raymond James Financial boosted their target price on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company an “outperform” rating in a research report on Thursday. National Bank Financial upped their price target on shares of Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Stifel Nicolaus increased their price target 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. Finally, Desjardins lifted their price objective on 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.

Doman Building Materials Group Price Performance

Shares of TSE:DBM opened at C$11.32 on Friday. Doman Building Materials Group has a twelve month low of C$8.47 and a twelve month high of C$11.99. 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 company has a market cap of C$993.48 million, a PE ratio of 12.30 and a beta of 1.51. The company’s 50 day moving average is C$11.22 and its 200 day moving average is C$10.46.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C$0.36 EPS for the quarter. The business had revenue of C$904.47 million during the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. On average, sell-side analysts forecast that Doman Building Materials Group will post 0.8051471 EPS for the current year.

Doman Building Materials Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.14 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.9%. Doman Building Materials Group’s dividend payout ratio is presently 60.87%.

Insider Buying and Selling

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