Doman Building Materials Group Ltd. (TSE:DBM) Director Amar Doman Acquires 10,000 Shares

Doman Building Materials Group Ltd. (TSE:DBM) Director Amar Doman acquired 10,000 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was purchased at an average price of C$7.23 per share, with a total value of C$72,300.00.

Amar Doman also recently made the following trade(s):

• On Tuesday, May 14th, Amar Doman acquired 60,000 shares of Doman Building Materials Group stock. The stock was purchased at an average price of C$7.24 per share, with a total value of C$434,172.00.

Doman Building Materials Group Trading Down 0.1 %

Shares of Doman Building Materials Group stock opened at C$7.26 on Wednesday. Doman Building Materials Group Ltd. has a 1 year low of C$6.08 and a 1 year high of C$8.64. The firm has a market cap of C$632.64 million, a PE ratio of 8.44 and a beta of 1.58. The company has a debt-to-equity ratio of 142.37, a current ratio of 1.30 and a quick ratio of 1.11. The company has a 50 day simple moving average of C$7.94 and a two-hundred day simple moving average of C$7.77.

Doman Building Materials Group (TSE:DBM) last announced its earnings results on Thursday, May 9th. The company reported C$0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.16. The business had revenue of C$602.48 million during the quarter, compared to analyst estimates of C$665.05 million. Doman Building Materials Group had a net margin of 3.03% and a return on equity of 12.84%. Analysts expect that Doman Building Materials Group Ltd. will post 0.744877 earnings per share for the current fiscal year.

Doman Building Materials Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 7.71%. Doman Building Materials Group’s payout ratio is 65.12%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. National Bankshares raised their price objective on shares of Doman Building Materials Group from C$10.00 to C$10.50 and gave the company an “outperform” rating in a research report on Monday, May 13th. Stifel Nicolaus raised their price objective on shares of Doman Building Materials Group from C$9.25 to C$11.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Raymond James cut their price objective on shares of Doman Building Materials Group from C$10.75 to C$9.75 and set a “strong-buy” rating for the company in a research report on Monday, May 13th. CIBC dropped their target price on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research report on Tuesday, May 14th. Finally, Canaccord Genuity Group dropped their target price on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set a “buy” rating for the company in a research report on Tuesday, May 14th. Five investment 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.com, the company currently has a consensus rating of “Buy” and an average price target of C$9.88.

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.