Doman Building Materials Group (TSE:DBM) Stock Crosses Above 200-Day Moving Average – What’s Next?

Doman Building Materials Group Ltd. (TSE:DBM) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$10.31 and traded as high as C$11.58. Doman Building Materials Group shares last traded at C$11.50, with a volume of 87,805 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Royal Bank Of Canada increased their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a research report on Thursday, April 16th. Desjardins lifted their price objective on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Tuesday, May 12th. Stifel Nicolaus upped their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Finally, National Bank Financial increased their target price on shares of Doman Building Materials Group from C$12.50 to C$13.50 and gave the stock an “outperform” rating in a 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. According to data from 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 Stock Down 0.5%

The firm has a market capitalization of C$1.01 billion, a P/E ratio of 12.50 and a beta of 1.51. The company has a debt-to-equity ratio of 175.88, a quick ratio of 1.11 and a current ratio of 3.94. The business’s fifty day moving average price is C$10.96 and its two-hundred day moving average price is C$10.31.

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

Doman Building Materials Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.9%. Doman Building Materials Group’s dividend payout ratio is presently 60.87%.

Insider Activity

In other Doman Building Materials Group news, insider Darren John Alexander Gwozd acquired 5,200 shares of the firm’s stock in a transaction dated Thursday, May 14th. The stock was purchased at an average price of C$10.35 per share, for a total transaction of C$53,820.00. Following the acquisition, the insider owned 5,200 shares in the company, valued at approximately C$53,820. This trade 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.