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

Doman Building Materials Group Ltd. (TSE:DBM) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

DBM has been the subject of a number of research analyst reports. National Bankshares upped their price target on Doman Building Materials Group from C$8.50 to C$10.00 in a report on Tuesday, March 12th. CIBC upped their target price on Doman Building Materials Group from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. Royal Bank of Canada upped their target price on Doman Building Materials Group from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Tuesday, December 19th. Stifel Nicolaus upped their target price on Doman Building Materials Group from C$9.25 to C$11.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, Raymond James upped their target price on Doman Building Materials Group from C$9.75 to C$10.75 in a research note on Monday, March 11th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$10.29.

Doman Building Materials Group Stock Down 2.2 %

The business has a 50-day simple moving average of C$8.07 and a two-hundred day simple moving average of C$7.67. The stock has a market capitalization of C$688.41 million, a P/E ratio of 9.08 and a beta of 1.56. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 116.54.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings results on Thursday, March 7th. The company reported C$0.12 earnings per share for the quarter, beating 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 analysts’ expectations of C$548.80 million. Equities research analysts forecast that Doman Building Materials Group Ltd. will post 0.8096192 earnings per share for the current fiscal year.

Doman Building Materials Group Announces Dividend

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

Doman Building Materials Group Company Profile

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.