Insider Buying: Doman Building Materials Group (TSE:DBM) Insider Purchases C$53,820.00 in Stock

Doman Building Materials Group Ltd. (TSE:DBM) insider Darren John Alexander Gwozd bought 5,200 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of C$10.35 per share, with a total value of C$53,820.00. Following the completion of the purchase, 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.

Doman Building Materials Group Price Performance

TSE DBM opened at C$10.30 on Monday. The business’s fifty day simple moving average is C$9.89 and its 200-day simple moving average is C$9.70. 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 firm has a market cap of C$903.96 million, a PE ratio of 11.20 and a beta of 1.28. Doman Building Materials Group Ltd. has a 52 week low of C$8.10 and a 52 week high of C$10.75.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings data on Friday, May 8th. The company reported C$0.27 earnings per share (EPS) for the quarter. The firm had revenue of C$761.97 million during the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. As a group, equities analysts anticipate that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Doman Building Materials Group’s payout ratio is presently 60.87%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. National Bank Financial increased their price objective 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. Royal Bank Of Canada upped their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research note on Thursday, April 16th. Desjardins increased 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 report on Tuesday, May 12th. Stifel Nicolaus raised their price objective 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, Raymond James Financial boosted their price objective 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. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, Doman Building Materials Group currently has a consensus rating of “Buy” and an average target price of C$12.21.

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.