Doman Building Materials Group (TSE:DBM) Hits New 52-Week High – Here’s What Happened

Shares of Doman Building Materials Group Ltd. (TSE:DBM) reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$9.34 and last traded at C$9.30, with a volume of 15866 shares trading hands. The stock had previously closed at C$9.29.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DBM. CIBC increased their target price on 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 raised their price objective on Doman Building Materials Group from C$9.75 to C$11.50 and gave the company a “strong-buy” rating in a research note on Wednesday, October 2nd. TD Securities raised their price objective on Doman Building Materials Group from C$11.50 to C$12.00 in a research note on Tuesday, October 22nd. National Bankshares raised their price objective on Doman Building Materials Group from C$8.50 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, October 7th. Finally, Canaccord Genuity Group raised their price objective on Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Doman Building Materials Group currently has an average rating of “Buy” and a consensus target price of C$10.64.

Doman Building Materials Group Trading Up 0.8 %

The company has a debt-to-equity ratio of 132.33, a quick ratio of 1.11 and a current ratio of 3.78. The business has a fifty day simple moving average of C$8.35 and a 200 day simple moving average of C$7.53. The company has a market cap of C$810.92 million, a P/E ratio of 12.92 and a beta of 1.53.

Doman Building Materials Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend was Friday, September 27th. Doman Building Materials Group’s dividend payout ratio (DPR) is 77.78%.

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.