Doman Building Materials Group - DBM Stock Forecast, Price & News

Doman Building Materials Group Ltd. distributes building materials and related products in Canada, the United States, and Hawai. It distributes a range of building materials, lumber, renovation, and electrical products. The company owns approximately 117,000 acres of private timberlands, and strategic licenses and tenures. It is also involved in log harvesting and trucking, and post and pole peeling activities; and provision of pressure-treating services for specialty wood production plants. The company was formerly known as CanWel Building Materials Group Ltd. and changed its name to Doman Building Materials Group Ltd. in May 2021. Doman Building Materials Group Ltd. was founded in 1989 and is headquartered in Vancouver, Canada.

Doman Building Materials Group Trading Down 0.2 %

Shares of Doman Building Materials Group stock traded down C$0.01 during trading hours on Wednesday, hitting C$6.32. The company's stock had a trading volume of 77,354 shares, compared to its average volume of 256,374. The company has a market capitalization of C$549.75 million and a PE ratio of 7.02. The company has a debt-to-equity ratio of 158.82, a current ratio of 3.23 and a quick ratio of 1.41. The stock has a 50 day moving average of C$6.36 and a 200 day moving average of C$7.22. Doman Building Materials Group has a 12 month low of C$5.83 and a 12 month high of C$8.82.

Doman Building Materials Group (TSE:DBM - Get Rating) last posted its earnings results on Thursday, August 4th. The company reported C$0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.40 by C($0.16). The company had revenue of C$870.72 million during the quarter, compared to analyst estimates of C$866.20 million. Analysts predict that Doman Building Materials Group will post 0.58 earnings per share for the current year.

Doman Building Materials Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 15th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 8.86%. Doman Building Materials Group's payout ratio is 60.00%.

Analysts Set New Price Targets

DBM has been the subject of a number of recent research reports. National Bankshares dropped their price target on shares of Doman Building Materials Group from C$11.00 to C$7.00 and set an "outperform" rating for the company in a research note on Monday, August 8th. Raymond James downgraded Doman Building Materials Group from an "outperform" rating to a "market perform" rating and cut their price target for the company from C$9.50 to C$7.50 in a research note on Tuesday, August 2nd. Royal Bank of Canada cut Doman Building Materials Group from an "outperform" rating to a "hold" rating and decreased their price objective for the stock from C$10.00 to C$7.00 in a research note on Monday, July 18th. CIBC downgraded Doman Building Materials Group from an "outperform" rating to a "hold" rating and dropped their price objective for the company from C$9.00 to C$7.50 in a report on Friday, July 8th. Finally, Stifel Nicolaus cut Doman Building Materials Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from C$9.00 to C$7.00 in a report on Monday, June 6th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of C$8.39.

Insider Activity at Doman Building Materials Group

In other news, Director Marc Seguin purchased 15,000 shares of the company's stock in a transaction on Tuesday, May 24th. The shares were purchased at an average price of C$6.69 per share, with a total value of C$100,350.00. Following the purchase, the director now directly owns 223,200 shares of the company's stock, valued at approximately C$1,493,208.