Doman Building Materials Group (TSE:DBM) Hits New 1-Year High – Here’s What Happened

Doman Building Materials Group Ltd. (TSE:DBM)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$10.64 and last traded at C$10.53, with a volume of 80325 shares changing hands. The stock had previously closed at C$10.27.

Analysts Set New Price Targets

A number of research analysts have issued reports on DBM shares. Desjardins increased their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “buy” rating in a report on Monday, March 9th. Raymond James Financial increased their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a “strong-buy” rating in a report on Monday, March 9th. Stifel Nicolaus increased their target price on shares of Doman Building Materials Group from C$11.50 to C$12.00 and gave the company a “buy” rating in a report on Friday, April 17th. Royal Bank Of Canada increased their target price 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, National Bank Financial increased their target price on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the company an “outperform” rating in a report on Monday, March 9th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company’s stock. According to MarketBeat, Doman Building Materials Group currently has a consensus rating of “Buy” and a consensus target price of C$11.64.

Doman Building Materials Group Stock Performance

The company has a current ratio of 3.94, a quick ratio of 1.11 and a debt-to-equity ratio of 175.88. The stock’s 50 day moving average price is C$9.90 and its two-hundred day moving average price is C$9.63. The firm has a market capitalization of C$915.37 million, a PE ratio of 11.34 and a beta of 1.28.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings data on Friday, May 8th. The company reported C$0.27 earnings per share for the quarter. Doman Building Materials Group had a net margin of 2.61% and a return on equity of 12.52%. The business had revenue of C$761.97 million during the quarter. On average, equities analysts expect that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Tuesday, March 31st. Doman Building Materials Group’s dividend payout ratio (DPR) is 60.87%.

About Doman Building Materials Group

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.