Doman Building Materials Group (TSE:DBM) Reaches New 12-Month High – Should You Buy?

Doman Building Materials Group Ltd. (TSE:DBM) hit a new 52-week high on Tuesday . The company traded as high as C$11.08 and last traded at C$11.05, with a volume of 324553 shares traded. The stock had previously closed at C$10.47.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on DBM shares. Royal Bank Of Canada lifted their target price 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. National Bank Financial raised their price target 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. Desjardins lifted their price objective on shares of 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. 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 stock a “strong-buy” rating in a research note on Monday, March 9th. Finally, Stifel Nicolaus increased 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 research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$12.21.

Doman Building Materials Group Trading Up 5.5%

The company has a 50 day moving average of C$10.11 and a two-hundred day moving average of C$9.88. The stock has a market capitalization of C$969.78 million, a PE ratio of 12.01 and a beta of 1.54. 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 return on equity of 12.52% and a net margin of 2.61%.The company had revenue of C$761.97 million during the quarter. Sell-side analysts predict that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current year.

Doman Building Materials Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.1%. Doman Building Materials Group’s dividend payout ratio (DPR) is currently 60.87%.

Insider Activity at Doman Building Materials Group

In related news, insider Darren John Alexander Gwozd acquired 5,200 shares of the stock in a transaction dated Thursday, May 14th. The stock was 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 purchase, the insider owned 5,200 shares of the company’s stock, valued at approximately C$53,820. This represents a ∞ increase in their position. Insiders own 20.04% of the company’s stock.

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.