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

Shares of Doman Building Materials Group Ltd. (TSE:DBM) have been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$12.21.

Several research analysts have recently commented on the company. Raymond James Financial boosted their price target on 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. National Bank Financial boosted their price target on 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 boosted their price target on 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 boosted 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, Royal Bank Of Canada boosted their price target on 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.

Insider Transactions at Doman Building Materials Group

In other Doman Building Materials Group news, insider Darren John Alexander Gwozd bought 5,200 shares of Doman Building Materials Group stock in a transaction that occurred on Thursday, May 14th. The shares were bought 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 of the company’s stock, valued at approximately C$53,820. This represents a ∞ increase in their position. 20.04% of the stock is owned by corporate insiders.

Doman Building Materials Group Trading Up 0.1%

Shares of TSE DBM opened at C$11.08 on Thursday. The company has a quick ratio of 1.11, a current ratio of 3.94 and a debt-to-equity ratio of 175.88. The business has a fifty day simple moving average of C$10.31 and a two-hundred day simple moving average of C$9.97. The firm has a market cap of C$972.41 million, a PE ratio of 12.04 and a beta of 1.54. Doman Building Materials Group has a twelve month low of C$8.34 and a twelve month high of C$11.33.

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. The firm had revenue of C$761.97 million during the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%. Analysts expect 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 declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Doman Building Materials Group’s 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.