Doman Building Materials Group Ltd. (TSE:DBM) Senior Officer Acquires 6,500 Shares

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) Senior Officer James Salter Code bought 6,500 shares of the firm's stock in a transaction on Monday, May 13th. The shares were purchased at an average cost of C$7.38 per share, with a total value of C$47,970.00.

Doman Building Materials Group Stock Down 2.0 %

DBM traded down C$0.15 during trading on Tuesday, hitting C$7.22. The stock had a trading volume of 598,128 shares, compared to its average volume of 166,508. The stock has a 50 day simple moving average of C$8.02 and a two-hundred day simple moving average of C$7.75. The company has a market capitalization of C$629.15 million, a PE ratio of 8.30 and a beta of 1.57. The company has a debt-to-equity ratio of 116.54, a quick ratio of 1.11 and a current ratio of 1.56. Doman Building Materials Group Ltd. has a twelve month low of C$6.08 and a twelve month high of C$8.64.

Doman Building Materials Group (TSE:DBM - Get Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.16 earnings per share for the quarter, hitting analysts' consensus estimates of C$0.16. Doman Building Materials Group had a return on equity of 13.18% and a net margin of 3.04%. The firm had revenue of C$602.48 million during the quarter, compared to analysts' expectations of C$665.05 million. On average, research analysts predict that Doman Building Materials Group Ltd. will post 0.7904016 earnings per share for the current year.

Doman Building Materials Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.76%. Doman Building Materials Group's payout ratio is 64.37%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DBM. CIBC dropped their target price on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set an "outperform" rating on the stock in a report on Tuesday. Stifel Nicolaus lifted their price objective on shares of Doman Building Materials Group from C$9.25 to C$11.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. Canaccord Genuity Group reduced their price objective on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set a "buy" rating for the company in a research note on Tuesday. National Bankshares increased their target price on Doman Building Materials Group from C$10.00 to C$10.50 and gave the company an "outperform" rating in a research report on Monday. Finally, Raymond James reduced their price target on Doman Building Materials Group from C$10.75 to C$9.75 and set a "strong-buy" rating for the company in a research report on Monday. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of C$9.88.

About Doman Building Materials Group

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.