Doman Building Materials Group (TSE:DBM) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• Doman Building Materials (TSE:DBM) crossed above its 200‑day moving average (200‑day MA C$9.55), trading as high as C$10.20 and last at C$10.15 on Friday — a technical bullish signal on rising volume.
• Multiple analysts (Stifel, RBC, Desjardins, Raymond James, National Bank) raised price targets to about C$12, leaving a consensus target of C$11.64 and mostly Buy/Outperform/Strong‑Buy ratings, indicating positive Wall Street sentiment.
• The stock offers a 5.5% yield (C$0.14 quarterly, annualized C$0.56) with a PE of 11.03 and market cap ≈C$891M, but carries high leverage (debt‑to‑equity 157.89) that investors should weigh against the dividend and earnings metrics.

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$9.55 and traded as high as C$10.20. Doman Building Materials Group shares last traded at C$10.15, with a volume of 58,284 shares changing hands.

Wall Street Analysts Forecast Growth

DBM has been the subject of several recent research reports. Stifel Nicolaus boosted their price target on 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 boosted 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 report on Thursday, April 16th. Desjardins boosted their price target on 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 boosted their price target on 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. Finally, National Bank Financial boosted 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 Monday, March 9th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of C$11.64.

Doman Building Materials Group Stock Performance

The company has a debt-to-equity ratio of 157.89, a current ratio of 3.22 and a quick ratio of 1.11. The firm has a fifty day moving average price of C$9.93 and a two-hundred day moving average price of C$9.55. The stock has a market capitalization of C$890.79 million, a PE ratio of 11.03 and a beta of 1.20.

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

Doman Building Materials Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.5%. The ex-dividend date was Tuesday, March 31st. Doman Building Materials Group's dividend payout ratio (DPR) is presently 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.

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