Doman Building Materials Group (TSE:DBM) Shares Pass Above 200 Day Moving Average of $7.67

Doman Building Materials Group Ltd. (TSE:DBM) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.67 and traded as high as C$8.07. Doman Building Materials Group shares last traded at C$7.85, with a volume of 347,567 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DBM. Canaccord Genuity Group raised their price target on Doman Building Materials Group from C$9.00 to C$10.00 in a research report on Monday, March 11th. CIBC raised their price target on Doman Building Materials Group from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. National Bankshares raised their price target on Doman Building Materials Group from C$8.50 to C$10.00 in a research report on Tuesday, March 12th. Raymond James raised their price target on Doman Building Materials Group from C$9.75 to C$10.75 in a research report on Monday, March 11th. Finally, Stifel Nicolaus raised their price target on Doman Building Materials Group from C$9.25 to C$11.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Four research 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, Doman Building Materials Group presently has a consensus rating of “Buy” and a consensus target price of C$10.29.

Doman Building Materials Group Price Performance

The stock has a market cap of C$684.05 million, a P/E ratio of 9.02 and a beta of 1.56. The company has a debt-to-equity ratio of 116.54, a quick ratio of 1.11 and a current ratio of 1.56. The business has a 50 day simple moving average of C$8.06 and a 200-day simple moving average of C$7.67.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings results on Thursday, March 7th. The company reported C$0.12 EPS for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.02. The firm had revenue of C$527.39 million for the quarter, compared to analysts’ expectations of C$548.80 million. Doman Building Materials Group had a return on equity of 13.18% and a net margin of 3.04%. On average, sell-side analysts forecast that Doman Building Materials Group Ltd. will post 0.8096192 EPS for the current year.

Doman Building Materials Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.56 annualized dividend and a dividend yield of 7.13%. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 64.37%.

Doman Building Materials Group Company Profile

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.