Doman Building Materials Group (TSE:DBM) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Doman Building Materials Group Ltd. (TSE:DBM) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.56 and traded as high as C$10.81. Doman Building Materials Group shares last traded at C$10.70, with a volume of 70,074 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DBM shares. Stifel Nicolaus boosted their target price 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. Raymond James Financial raised their price target on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company an “outperform” rating in a report on Thursday, August 6th. Desjardins lifted their price target on Doman Building Materials Group from C$12.00 to C$12.50 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, National Bank Financial boosted their price objective on Doman Building Materials Group from C$13.50 to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$12.65.

Doman Building Materials Group Stock Performance

The business’s fifty day simple moving average is C$11.34 and its 200-day simple moving average is C$10.57. The firm has a market cap of C$947.50 million, a P/E ratio of 11.23 and a beta of 1.51. The company has a current ratio of 3.27, a quick ratio of 1.11 and a debt-to-equity ratio of 153.48.

Doman Building Materials Group (TSE:DBM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported C$0.36 EPS for the quarter. The business had revenue of C$904.47 million during the quarter. Doman Building Materials Group had a net margin of 2.71% and a return on equity of 12.64%. As a group, sell-side 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 company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.14 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 5.2%. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 58.33%.

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.