Doman Building Materials Group (TSE:DBM) Reaches New 52-Week High – Should You Buy?

Doman Building Materials Group Ltd. (TSE:DBM)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$10.68 and last traded at C$10.62, with a volume of 122894 shares traded. The stock had previously closed at C$10.44.

Wall Street Analyst Weigh In

DBM has been the subject of several research reports. Stifel Nicolaus raised their target price on 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. Raymond James Financial raised 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 note on Monday, March 9th. Royal Bank Of Canada raised their target price on 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. Desjardins raised their target price on 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. Finally, National Bank Financial raised their target price on 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. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$12.21.

Doman Building Materials Group Stock Performance

The firm has a market capitalization of C$927.65 million, a PE ratio of 11.49 and a beta of 1.28. The company has a debt-to-equity ratio of 175.88, a current ratio of 3.94 and a quick ratio of 1.11. The firm has a fifty day moving average price of C$10.00 and a 200 day moving average price of C$9.80.

Doman Building Materials Group (TSE:DBM) last announced its earnings results on Friday, May 8th. The company reported C$0.27 EPS for the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%.The business had revenue of C$761.97 million during the quarter. Research analysts anticipate 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 $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, March 31st. Doman Building Materials Group’s dividend payout ratio is currently 60.87%.

Insider Transactions at Doman Building Materials Group

In other Doman Building Materials Group news, 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 purchase, the insider owned 5,200 shares in the company, valued at approximately C$53,820. The trade was a ∞ increase in their ownership of the stock. Corporate 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.