Insider Buying: Doman Building Materials Group (TSE:DBM) Insider Purchases 5,200 Shares of Stock

Doman Building Materials Group Ltd. (TSE:DBM) insider Darren John Alexander Gwozd acquired 5,200 shares of Doman Building Materials Group stock in a transaction that occurred on Thursday, May 14th. The stock was 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 in the company, valued at C$53,820. The trade was a ∞ increase in their position.

Doman Building Materials Group Price Performance

DBM stock traded down C$0.04 during midday trading on Friday, reaching C$10.30. The stock had a trading volume of 260,871 shares, compared to its average volume of 132,001. Doman Building Materials Group Ltd. has a 52-week low of C$8.10 and a 52-week high of C$10.75. The company has a current ratio of 3.94, a quick ratio of 1.11 and a debt-to-equity ratio of 175.88. The company’s fifty day simple moving average is C$9.89 and its 200 day simple moving average is C$9.69. The company has a market cap of C$903.96 million, a price-to-earnings ratio of 11.20 and a beta of 1.28.

Doman Building Materials Group (TSE:DBM) last released its earnings results on Friday, May 8th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$761.97 million during the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. As a group, sell-side analysts predict 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 disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors 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%.

Analyst Upgrades and Downgrades

A number of research firms have commented on DBM. Desjardins increased their price objective on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a report on Tuesday. Raymond James Financial upped their price target 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 increased their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. Stifel Nicolaus lifted their price objective on Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a research report on Tuesday. Finally, National Bank Financial boosted their price objective on 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. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat, Doman Building Materials Group currently has a consensus rating of “Buy” and an average price target of C$12.21.

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.