Doman Building Materials Group Ltd. (TSE:DBM – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$7.72 and traded as high as C$8.05. Doman Building Materials Group shares last traded at C$8.01, with a volume of 106,362 shares trading hands.
Wall Street Analyst Weigh In
DBM has been the subject of a number of recent research reports. National Bankshares increased their target price on Doman Building Materials Group from C$8.50 to C$10.00 in a report on Tuesday, March 12th. Canaccord Genuity Group increased their price objective on Doman Building Materials Group from C$9.00 to C$10.00 in a research note on Monday, March 11th. CIBC boosted their target price on shares of 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. Stifel Nicolaus lifted their price target on shares of Doman Building Materials Group from C$9.25 to C$11.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Raymond James boosted their price target on shares of Doman Building Materials Group from C$9.75 to C$10.75 in a research report on Monday, March 11th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$10.29.
Read Our Latest Stock Report on DBM
Doman Building Materials Group Stock Performance
Doman Building Materials Group (TSE:DBM – Get Free Report) last issued its quarterly earnings results on Thursday, March 7th. The company reported C$0.12 EPS for the quarter, topping the consensus estimate of C$0.10 by C$0.02. The firm had revenue of C$527.39 million for the quarter, compared to analysts’ expectations of C$548.80 million. Doman Building Materials Group had a net margin of 3.04% and a return on equity of 13.18%. As a group, equities analysts predict that Doman Building Materials Group Ltd. will post 0.7904016 EPS for the current 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 paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.56 dividend on an annualized basis and a yield of 6.99%. Doman Building Materials Group’s dividend payout ratio 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.
Further Reading
- Five stocks we like better than Doman Building Materials Group
- How to invest in marijuana stocks in 7 stepsĀ
- Roblox: The Bottom Just Fell Out of the Metaverse
- How to Calculate Return on Investment (ROI)
- Airbnb Stock Plummets After Earnings, But is It a Buy?
- Investing In Preferred Stock vs. Common Stock
- Uber’s Earnings Drop Is Investors Opportunity
Receive News & Ratings for Doman Building Materials Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Doman Building Materials Group and related companies with MarketBeat.com's FREE daily email newsletter.