Doman Building Materials Group (TSE:DBM) Sets New 52-Week Low – Here’s What Happened

Shares of Doman Building Materials Group Ltd. (TSE:DBM) reached a new 52-week low during trading on Monday . The stock traded as low as C$6.30 and last traded at C$6.40, with a volume of 70267 shares traded. The stock had previously closed at C$6.59.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. CIBC cut their price target on Doman Building Materials Group from C$11.50 to C$9.50 and set an “outperform” rating for the company in a report on Tuesday, March 4th. Raymond James reduced their target price on Doman Building Materials Group from C$12.00 to C$11.50 in a research report on Thursday, January 30th. Finally, TD Securities set a C$9.50 price target on Doman Building Materials Group and gave the company a “buy” rating in a report on Tuesday, March 25th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$10.64.

Doman Building Materials Group Stock Up 7.6 %

The stock has a fifty day moving average price of C$7.20 and a 200-day moving average price of C$8.18. The firm has a market cap of C$609.17 million, a PE ratio of 10.77 and a beta of 1.53. The company has a debt-to-equity ratio of 112.91, a quick ratio of 1.11 and a current ratio of 2.94.

Doman Building Materials Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 8.03%. The ex-dividend date of this dividend is Monday, March 31st. Doman Building Materials Group’s payout ratio is currently 86.55%.

Insider Activity

In related news, Director Marc Seguin bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of C$6.93 per share, for a total transaction of C$69,300.00. Insiders own 20.04% of the company’s stock.

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.