Doman Building Materials Group (TSE:DBM) Stock Passes Above 200-Day Moving Average of $7.67

Doman Building Materials Group Ltd. (TSE:DBM)’s stock price 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 changing hands.

Wall Street Analysts Forecast Growth

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

Doman Building Materials Group Price Performance

The business has a fifty day simple moving average of C$8.07 and a two-hundred day simple moving average of C$7.67. 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 stock has a market cap of C$688.41 million, a PE ratio of 9.08 and a beta of 1.56.

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

Doman Building Materials Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were given a $0.14 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.09%. Doman Building Materials Group’s dividend payout ratio is currently 64.37%.

About Doman Building Materials Group

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.