Doman Building Materials Group (TSE:DBM) Shares Pass 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 firms have weighed in on DBM. Raymond James increased their target price on shares of Doman Building Materials Group from C$9.75 to C$10.75 in a research report on Monday, March 11th. National Bankshares increased their target price on shares of Doman Building Materials Group from C$8.50 to C$10.00 in a research report on Tuesday, March 12th. Canaccord Genuity Group increased their target price on shares of Doman Building Materials Group from C$9.00 to C$10.00 in a research report on Monday, March 11th. CIBC raised their price objective on shares of Doman Building Materials Group from C$9.00 to C$10.00 and gave the stock an “outperform” rating in a research report on Friday, January 12th. Finally, Stifel Nicolaus raised their price objective on shares of Doman Building Materials Group from C$9.25 to C$11.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of C$10.29.

Doman Building Materials Group Stock Down 2.2 %

The stock has a 50-day moving average of C$8.06 and a two-hundred day moving average of C$7.67. The company has a market cap of C$684.05 million, a P/E ratio of 9.02 and a beta of 1.56. The company has a debt-to-equity ratio of 116.54, a quick ratio of 1.11 and a current ratio of 1.56.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings data on Thursday, March 7th. The company reported C$0.12 earnings per share for the quarter, beating the consensus estimate of C$0.10 by C$0.02. The firm had revenue of C$527.39 million during the quarter, compared to the consensus estimate of C$548.80 million. Doman Building Materials Group had a return on equity of 13.18% and a net margin of 3.04%. On average, research analysts anticipate that Doman Building Materials Group Ltd. will post 0.8096192 EPS for the current fiscal year.

Doman Building Materials Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.56 annualized dividend and a yield of 7.13%. Doman Building Materials Group’s payout ratio is 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.