Doman Building Materials Group Ltd. (TSE:DBM) Receives Consensus Rating of "Buy" from Analysts

Key Points

• Analysts unanimously rate Doman Building Materials Group “Buy”: All six covering brokerages issued buy recommendations, with an average 12-month price target of C$12.38.
• The stock opened at C$11.32, near its 52-week high of C$11.99, while the company reported quarterly revenue of C$904.47 million and earnings of C$0.36 per share.
• Doman announced a quarterly dividend of C$0.14, equivalent to C$0.56 annually and a 4.9% yield; an insider also purchased 5,200 shares in May.

Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) have been given a consensus recommendation of "Buy" by the six brokerages that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$12.38.

Several equities analysts recently commented on the stock. National Bank Financial increased their price objective on shares of Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an "outperform" rating in a research report on Wednesday, July 22nd. Stifel Nicolaus boosted their target price 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 report on Tuesday, May 12th. Desjardins boosted 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 upped 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 research note on Thursday, April 16th. Finally, Raymond James Financial raised their price target on shares of Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an "outperform" rating in a report on Thursday.

Doman Building Materials Group Trading Down 4.2%

Shares of TSE:DBM opened at C$11.32 on Friday. The business's 50-day moving average is C$11.22 and its 200 day moving average is C$10.46. The company has a debt-to-equity ratio of 175.88, a current ratio of 3.94 and a quick ratio of 1.11. Doman Building Materials Group has a 1 year low of C$8.47 and a 1 year high of C$11.99. The firm has a market capitalization of C$993.48 million, a P/E ratio of 12.30 and a beta of 1.51.

Doman Building Materials Group (TSE:DBM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$0.36 earnings per share for the quarter. Doman Building Materials Group had a return on equity of 12.52% and a net margin of 2.61%.The business had revenue of C$904.47 million during the quarter. On average, research analysts predict that Doman Building Materials Group will post 0.8051471 earnings per share for the current fiscal year.

Doman Building Materials Group Dividend Announcement

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

Insider Transactions at Doman Building Materials Group

In other news, insider Darren John Alexander Gwozd bought 5,200 shares of Doman Building Materials Group stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of C$10.35 per share, for a total transaction of C$53,820.00. Following the purchase, the insider directly owned 5,200 shares of the company's stock, valued at approximately C$53,820. The trade was a ∞ increase in their position. 20.04% of the stock is owned by company insiders.

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.

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