Doman Building Materials Group (TSE:DBM) Hits New 1-Year High – Still a Buy?

Doman Building Materials Group Ltd. (TSE:DBM)’s share price reached a new 52-week high on Monday . The stock traded as high as C$11.05 and last traded at C$11.09, with a volume of 25164 shares changing hands. The stock had previously closed at C$10.97.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DBM shares. Desjardins upped their target price on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Royal Bank Of Canada lifted their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Raymond James Financial upped their price target on Doman Building Materials Group from C$11.00 to C$12.00 and gave the stock a “strong-buy” rating in a research note on Monday, March 9th. Stifel Nicolaus increased 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 report on Tuesday, May 12th. Finally, National Bank Financial raised their price objective on Doman Building Materials Group from C$12.50 to C$13.50 and gave the company an “outperform” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$12.21.

Doman Building Materials Group Price Performance

The firm has a market cap of C$991.72 million, a P/E ratio of 12.28 and a beta of 1.54. 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 firm’s 50 day moving average is C$10.22 and its 200 day moving average is C$9.94.

Doman Building Materials Group (TSE:DBM) last announced its earnings results 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. As a group, analysts anticipate that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date of this dividend was Tuesday, March 31st. Doman Building Materials Group’s dividend payout ratio (DPR) is 60.87%.

Insider Transactions at Doman Building Materials Group

In related news, insider Darren John Alexander Gwozd acquired 5,200 shares of the stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of C$10.35 per share, for a total transaction of C$53,820.00. Following the completion of the purchase, the insider owned 5,200 shares of the company’s stock, valued at C$53,820. This represents a ? increase in their ownership of the stock. 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.