Doman Building Materials Group (TSE:DBM) Share Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Doman Building Materials Group shares rose above their 200-day moving average, reaching C$11.14 and closing at C$11.08, compared with a 200-day average of C$10.61.
• Analysts remain bullish: five analysts rate the stock a Buy, with an average price target of C$12.65; several firms recently raised their targets to between C$12.50 and C$14.00.
• The company reported quarterly revenue of C$904.47 million and EPS of C$0.36, while maintaining a quarterly dividend of C$0.14 per share, equivalent to a 5.1% annualized yield.

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$10.61 and traded as high as C$11.14. Doman Building Materials Group shares last traded at C$11.08, with a volume of 229,432 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently commented on DBM shares. National Bank Financial lifted their price target on Doman Building Materials Group from C$13.50 to C$14.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Stifel Nicolaus upped their price objective on Doman Building Materials Group from C$12.00 to C$12.25 and gave the company a "buy" rating in a research note on Tuesday, May 12th. Raymond James Financial raised their price objective on shares of 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. Finally, 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 report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of C$12.65.

Doman Building Materials Group Stock Up 1.7%

The stock has a 50-day moving average price of C$11.23 and a 200-day moving average price of C$10.61. The company has a debt-to-equity ratio of 153.48, a current ratio of 3.27 and a quick ratio of 1.11. The company has a market capitalization of C$973.87 million, a P/E ratio of 11.54 and a beta of 1.62.

Doman Building Materials Group (TSE:DBM - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported C$0.36 EPS for the quarter. Doman Building Materials Group had a return on equity of 12.64% and a net margin of 2.71%.The business had revenue of C$904.47 million for the quarter. On average, research analysts predict that Doman Building Materials Group Ltd. will post 0.8051471 EPS 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 paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Doman Building Materials Group's dividend payout ratio (DPR) is currently 58.33%.

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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