Doman Building Materials Group (TSE:DBM) Shares Cross Above Two Hundred Day Moving Average of $7.69

Doman Building Materials Group Ltd. (TSE:DBM) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$7.69 and traded as high as C$7.84. Doman Building Materials Group shares last traded at C$7.83, with a volume of 163,458 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on DBM. CIBC increased their target price on Doman Building Materials Group from C$9.00 to C$10.00 and gave the company an “outperform” rating in a research note on Friday, January 12th. Canaccord Genuity Group raised their price objective on Doman Building Materials Group from C$9.00 to C$10.00 in a research note on Monday, March 11th. Raymond James raised their price objective on Doman Building Materials Group from C$9.75 to C$10.75 in a research note on Monday, March 11th. Stifel Nicolaus raised their price objective on Doman Building Materials Group from C$9.25 to C$11.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Finally, National Bankshares raised their price objective on Doman Building Materials Group from C$8.50 to C$10.00 in a research note on Tuesday, March 12th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of C$10.29.

Doman Building Materials Group Stock Up 0.9 %

The company has a debt-to-equity ratio of 116.54, a current ratio of 1.56 and a quick ratio of 1.11. The company has a market capitalization of C$682.31 million, a P/E ratio of 9.00 and a beta of 1.56. The company has a 50 day moving average of C$8.09 and a 200-day moving average of C$7.69.

Doman Building Materials Group (TSE:DBM) last posted its earnings results on Thursday, March 7th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.10 by C$0.02. The company had revenue of C$527.39 million for the quarter, compared to analysts’ expectations of C$548.80 million. Doman Building Materials Group had a return on equity of 13.18% and a net margin of 3.04%. As a group, equities analysts anticipate that Doman Building Materials Group Ltd. will post 0.8096192 EPS for the current year.

Doman Building Materials Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were paid a $0.14 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.56 annualized dividend and a dividend yield of 7.15%. Doman Building Materials Group’s payout ratio is presently 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.