Doman Building Materials Group Ltd. (TSE:DBM – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$11.08 and last traded at C$11.05, with a volume of 324553 shares. The stock had previously closed at C$10.47.
Analyst Ratings Changes
A number of equities research analysts recently commented on the company. Raymond James Financial upped their target price on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a research report on Monday, March 9th. Royal Bank Of Canada lifted their price objective 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. Stifel Nicolaus upped their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a “buy” rating in a report on Tuesday, May 12th. National Bank Financial increased their price objective on shares of Doman Building Materials Group from C$12.50 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Finally, Desjardins boosted 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 report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$12.21.
Read Our Latest Research Report on Doman Building Materials Group
Doman Building Materials Group Stock Performance
Doman Building Materials Group (TSE:DBM – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The company reported C$0.27 earnings per share (EPS) for the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%.The company had revenue of C$761.97 million during the quarter. On average, sell-side analysts anticipate that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current fiscal year.
Doman Building Materials Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Tuesday, March 31st. Doman Building Materials Group’s payout ratio is currently 60.87%.
Insiders Place Their Bets
In other Doman Building Materials Group news, insider Darren John Alexander Gwozd bought 5,200 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were purchased at an average cost of C$10.35 per share, for a total transaction of C$53,820.00. Following the transaction, the insider directly owned 5,200 shares of the company’s stock, valued at approximately C$53,820. The trade was a ∞ increase in their ownership of the stock. 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.
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