Doman Building Materials Group (TSE:DBM) Stock Passes Above Two Hundred Day Moving Average of $7.70

Doman Building Materials Group Ltd. (TSE:DBM)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$7.70 and traded as high as C$7.77. Doman Building Materials Group shares last traded at C$7.70, with a volume of 139,492 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. CIBC upped their target price on Doman Building Materials Group from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research report on Friday, January 12th. Raymond James lifted their target price on shares of Doman Building Materials Group from C$9.75 to C$10.75 in a research note on Monday, March 11th. Stifel Nicolaus upped their price target on shares of Doman Building Materials Group from C$9.25 to C$11.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Canaccord Genuity Group lifted their price objective on shares of Doman Building Materials Group from C$9.00 to C$10.00 in a research note on Monday, March 11th. Finally, National Bankshares raised their target price on Doman Building Materials Group from C$8.50 to C$10.00 in a research note on Tuesday, March 12th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Doman Building Materials Group presently has an average rating of “Buy” and a consensus price target of C$10.29.

Doman Building Materials Group Trading Up 0.3 %

The company has a current ratio of 1.56, a quick ratio of 1.11 and a debt-to-equity ratio of 116.54. The firm has a market cap of C$670.98 million, a price-to-earnings ratio of 8.85 and a beta of 1.56. The company has a fifty day moving average price of C$8.07 and a 200-day moving average price of C$7.70.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings results on Thursday, March 7th. The company reported C$0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.10 by C$0.02. The company had revenue of C$527.39 million during the quarter, compared to the consensus estimate of C$548.80 million. Doman Building Materials Group had a return on equity of 13.18% and a net margin of 3.04%. As a group, research analysts expect that Doman Building Materials Group Ltd. will post 0.8096192 EPS for the current year.

Doman Building Materials Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Thursday, March 28th were given a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.27%. Doman Building Materials Group’s dividend payout ratio (DPR) is currently 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.