Doman Building Materials Group (TSE:DBM) Stock Price Down 4.9%

Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report)'s stock price dropped 4.9% during mid-day trading on Friday . The company traded as low as C$7.58 and last traded at C$7.62. Approximately 181,736 shares changed hands during trading, an increase of 24% from the average daily volume of 146,035 shares. The stock had previously closed at C$8.01.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. National Bankshares upped their price target on shares of Doman Building Materials Group from C$8.50 to C$10.00 in a report on Tuesday, March 12th. Raymond James upped their price target on Doman Building Materials Group from C$9.75 to C$10.75 in a report on Monday, March 11th. CIBC lifted their target price on Doman Building Materials Group from C$9.00 to C$10.00 and gave the stock an "outperform" rating in a report on Friday, January 12th. Canaccord Genuity Group upped their target price on Doman Building Materials Group from C$9.00 to C$10.00 in a report on Monday, March 11th. Finally, Stifel Nicolaus lifted their price target on Doman Building Materials Group from C$9.25 to C$11.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$10.29.

Doman Building Materials Group Stock Down 6.2 %

The stock has a market capitalization of C$654.42 million, a price-to-earnings ratio of 8.63 and a beta of 1.57. The company has a quick ratio of 1.11, a current ratio of 1.56 and a debt-to-equity ratio of 116.54. The firm has a 50-day moving average of C$8.05 and a two-hundred day moving average of C$7.73.

Doman Building Materials Group (TSE:DBM - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.16 EPS for the quarter, meeting analysts' consensus estimates of C$0.16. The firm had revenue of C$602.48 million for the quarter, compared to the consensus estimate of C$665.05 million. Doman Building Materials Group had a net margin of 3.04% and a return on equity of 13.18%. As a group, sell-side analysts anticipate that Doman Building Materials Group Ltd. will post 0.7904016 earnings per share for the current year.

Doman Building Materials Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.56 annualized dividend and a dividend yield of 7.46%. Doman Building Materials Group's dividend payout ratio is 64.37%.

Doman Building Materials Group Company Profile

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.