Doman Building Materials Group (TSE:DBM) Share Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Doman Building Materials (TSE:DBM) crossed above its 200‑day moving average — the 200‑day MA is C$9.49 and the stock traded as high as C$9.92 (last C$9.82) on Monday with about 52,977 shares traded.
• Analyst sentiment is bullish: multiple firms raised targets on March 9 (e.g., Raymond James to C$12.00, National Bank to C$12.50), leaving an average price target of C$10.81 and a consensus rating of "Buy" (1 Strong Buy, 5 Buy, 1 Hold).
• Dividend yield is notable: the company declared a quarterly C$0.14 dividend (annualized C$0.56) implying roughly a 5.7% yield with a payout ratio around 60.9% (ex‑dividend March 31, payable April 15).

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$9.49 and traded as high as C$9.92. Doman Building Materials Group shares last traded at C$9.82, with a volume of 52,977 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DBM. Raymond James Financial raised 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 lowered their target price on Doman Building Materials Group from C$11.75 to C$11.50 and set a "buy" rating on the stock in a report on Monday, March 9th. National Bank Financial raised their target price on Doman Building Materials Group from C$12.00 to C$12.50 and gave the stock an "outperform" rating in a research report on Monday, March 9th. Finally, Desjardins upped their price target on shares of Doman Building Materials Group from C$11.00 to C$12.00 and gave the company a "buy" rating in a research report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Doman Building Materials Group has an average rating of "Buy" and an average price target of C$10.81.

Doman Building Materials Group Price Performance

The firm has a 50 day moving average price of C$9.93 and a 200 day moving average price of C$9.49. The stock has a market capitalization of C$861.83 million, a PE ratio of 10.67 and a beta of 1.20. The company has a current ratio of 3.22, a quick ratio of 1.11 and a debt-to-equity ratio of 157.89.

Doman Building Materials Group (TSE:DBM - Get Free Report) last released its earnings results on Thursday, March 5th. The company reported C$0.13 earnings per share for the quarter. Doman Building Materials Group had a return on equity of 12.47% and a net margin of 2.57%.The company had revenue of C$644.23 million for the quarter. Research analysts anticipate that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current year.

Doman Building Materials Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be paid a dividend of $0.14 per share. The ex-dividend date is Tuesday, March 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.7%. Doman Building Materials Group's payout ratio is 60.87%.

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.

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