Doman Building Materials Group (TSE:DBM) Given New C$14.00 Price Target at National Bank Financial

Doman Building Materials Group (TSE:DBM) had its price target increased by National Bank Financial from C$13.50 to C$14.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Desjardins upped their target price on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada lifted their price target on shares of 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. Finally, Stifel Nicolaus boosted their price target on shares of Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$12.29.

Doman Building Materials Group Trading Up 1.7%

DBM stock opened at C$11.70 on Wednesday. Doman Building Materials Group has a 1-year low of C$8.34 and a 1-year high of C$11.99. 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 company has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 12.72 and a beta of 1.51. The business has a 50 day simple moving average of C$10.99 and a two-hundred day simple moving average of C$10.32.

Doman Building Materials Group (TSE:DBM) last released its quarterly earnings data on Friday, May 8th. The company reported C$0.27 earnings per share (EPS) for the quarter. The firm had revenue of C$761.97 million for the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. Research analysts anticipate that Doman Building Materials Group will post 0.8051471 EPS for the current fiscal year.

Doman Building Materials Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Doman Building Materials Group’s dividend payout ratio is 60.87%.

Insider Activity

In other news, insider Darren John Alexander Gwozd bought 5,200 shares of the stock in a transaction dated Thursday, May 14th. The stock was purchased at an average cost of C$10.35 per share, for a total transaction of C$53,820.00. Following the transaction, the insider owned 5,200 shares of the company’s stock, valued at C$53,820. The trade was a ∞ increase in their ownership of the stock. 20.04% of the stock is owned by company insiders.

Doman Building Materials Group Company Profile

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.