Doman Building Materials Group (TSE:DBM) Sets New 52-Week High - Should You Buy?

Shares of Doman Building Materials Group Ltd. (TSE:DBM - Get Free Report) reached a new 52-week high on Monday . The company traded as high as C$9.16 and last traded at C$9.16, with a volume of 127264 shares changing hands. The stock had previously closed at C$8.71.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Canaccord Genuity Group boosted their price objective on Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a "buy" rating in a report on Wednesday, October 2nd. Raymond James boosted their price objective on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a "strong-buy" rating in a report on Wednesday, October 2nd. Stifel Nicolaus boosted 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. TD Securities boosted their target price on Doman Building Materials Group from C$11.50 to C$12.00 in a research report on Tuesday, October 22nd. Finally, CIBC boosted their target price on Doman Building Materials Group from C$8.50 to C$9.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 2nd. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of C$10.64.

Doman Building Materials Group Stock Performance

The company has a market cap of C$792.59 million, a P/E ratio of 12.60 and a beta of 1.53. The business has a fifty day moving average of C$8.10 and a 200 day moving average of C$7.47. The company has a quick ratio of 1.11, a current ratio of 3.78 and a debt-to-equity ratio of 132.33.

Doman Building Materials Group (TSE:DBM - Get Free Report) last released its earnings results on Friday, August 9th. The company reported C$0.20 EPS for the quarter, missing analysts' consensus estimates of C$0.22 by C($0.02). Doman Building Materials Group had a return on equity of 10.63% and a net margin of 2.56%. The company had revenue of C$689.83 million during the quarter, compared to analysts' expectations of C$742.90 million. On average, equities analysts predict that Doman Building Materials Group Ltd. will post 0.8051471 EPS for the current year.

Doman Building Materials Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date was Friday, September 27th. Doman Building Materials Group's payout ratio is currently 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.