Doman Building Materials Group (TSE:DBM) Sets New 52-Week High – Here’s Why

Doman Building Materials Group Ltd. (TSE:DBM) shares hit a new 52-week high during 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 traded. The stock had previously closed at C$9.29.

Wall Street Analyst Weigh In

Several brokerages recently commented on DBM. Canaccord Genuity Group increased their price objective on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. Raymond James raised their price target 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 research report on Wednesday, October 2nd. National Bankshares upped 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 report on Monday, October 7th. CIBC upped their price target on Doman Building Materials Group from C$8.50 to C$9.00 and gave the company an “outperform” rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus lifted their price objective on Doman Building Materials Group from C$9.25 to C$10.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Doman Building Materials Group has a consensus rating of “Buy” and a consensus target price of C$10.64.

Doman Building Materials Group Stock Performance

The company has a market cap of C$812.67 million, a PE ratio of 12.90 and a beta of 1.53. The company has a debt-to-equity ratio of 132.33, a current ratio of 3.78 and a quick ratio of 1.11. The business has a 50-day moving average of C$8.31 and a 200 day moving average of C$7.52.

Doman Building Materials Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 6.02%. The ex-dividend date was Friday, September 27th. Doman Building Materials Group’s dividend payout ratio (DPR) is presently 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.