Doman Building Materials Group Ltd. (TSE:DBM – Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as C$8.88 and last traded at C$8.85, with a volume of 246816 shares traded. The stock had previously closed at C$8.83.
Analyst Ratings Changes
A number of research firms have recently weighed in on DBM. National Bankshares lifted their price objective on shares of Doman Building Materials Group from C$8.50 to C$12.00 and gave the stock an “outperform” rating in a research report on Monday. CIBC lifted their price objective on shares of Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a research note on Wednesday, October 2nd. Raymond James lifted their target price on shares of Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a report on Wednesday, October 2nd. Stifel Nicolaus increased their price target on Doman Building Materials Group from C$9.00 to C$9.25 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. Finally, Royal Bank of Canada decreased their price target on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a research note on Thursday, July 11th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$10.29.
Get Our Latest Stock Report on DBM
Doman Building Materials Group Stock Performance
Doman Building Materials Group (TSE:DBM – Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.02). The company had revenue of C$689.83 million during the quarter, compared to analysts’ expectations of C$742.90 million. Doman Building Materials Group had a net margin of 2.56% and a return on equity of 10.63%. As a group, equities research analysts expect that Doman Building Materials Group Ltd. will post 0.8051471 earnings per share for the current fiscal year.
Doman Building Materials Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a yield of 6.31%. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 77.78%.
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.
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