Doman Building Materials Group Ltd. (TSE:DBM) Given Consensus Rating of “Buy” by Brokerages

Doman Building Materials Group Ltd. (TSE:DBM) has earned a consensus rating of “Buy” from the six research firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$12.21.

A number of research firms recently weighed in on DBM. Desjardins upped their target price on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada upped their target price on shares of 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. Raymond James Financial upped their target price 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 research note on Monday, March 9th. National Bank Financial upped their target price on shares of Doman Building Materials Group from C$12.50 to C$13.50 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Finally, Stifel Nicolaus upped 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 note on Tuesday, May 12th.

Doman Building Materials Group Stock Performance

TSE DBM opened at C$10.30 on Friday. The stock has a market cap of C$903.96 million, a P/E ratio of 11.20 and a beta of 1.28. The company’s 50-day simple moving average is C$9.93 and its 200 day simple moving average is C$9.75. Doman Building Materials Group has a twelve month low of C$8.10 and a twelve month high of C$10.75. The company has a quick ratio of 1.11, a current ratio of 3.94 and a debt-to-equity ratio of 175.88.

Doman Building Materials Group (TSE:DBM) last posted its earnings results on Friday, May 8th. The company reported C$0.27 earnings per share for the quarter. The business had revenue of C$761.97 million for the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. As a group, research analysts forecast that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal year.

Doman Building Materials Group Announces Dividend

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

Insiders Place Their Bets

In other news, insider Darren John Alexander Gwozd acquired 5,200 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were purchased 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 owned 5,200 shares of the company’s stock, valued at C$53,820. This represents a ∞ increase in their ownership of the stock. Corporate 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. 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.