Doman Building Materials Group (TSE:DBM) Lowered to Outperform Rating by Raymond James Financial

Raymond James Financial cut shares of Doman Building Materials Group (TSE:DBM) from a strong-buy rating to an outperform rating in a research report report published on Monday,BayStreet.CA reports. They currently have C$12.00 price target on the stock.

Other analysts have also issued reports about the company. Royal Bank Of Canada raised their target price on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock an “outperform” rating in a report on Thursday, April 16th. National Bank Financial boosted their price target on Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Stifel Nicolaus upped their price objective on Doman Building Materials Group from C$12.00 to C$12.25 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Finally, Desjardins raised their price objective 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 note on Tuesday, May 12th. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Doman Building Materials Group presently has a consensus rating of “Buy” and an average target price of C$12.29.

Doman Building Materials Group Price Performance

Shares of DBM opened at C$11.49 on Monday. The business’s 50-day moving average is C$11.06 and its two-hundred day moving average is C$10.37. The company has a market capitalization of C$1.01 billion, a P/E ratio of 12.49 and a beta of 1.51. The company has a debt-to-equity ratio of 175.88, a quick ratio of 1.11 and a current ratio of 3.94. Doman Building Materials Group has a fifty-two week low of C$8.34 and a fifty-two week high of C$11.99.

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 for the quarter. The business had revenue of C$761.97 million during the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%. Research analysts predict that Doman Building Materials Group will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.9%. The ex-dividend date was Tuesday, June 30th. Doman Building Materials Group’s payout ratio is presently 60.87%.

Insider Buying and Selling

In other news, insider Darren John Alexander Gwozd bought 5,200 shares of Doman Building Materials Group stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of C$10.35 per share, with a total value of C$53,820.00. Following the completion of the acquisition, the insider directly 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. Company insiders own 20.04% of the company’s stock.

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.