Doman Building Materials Group (TSE:DBM) Reaches New 1-Year High – Here’s What Happened

Doman Building Materials Group Ltd. (TSE:DBM)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$9.83 and last traded at C$9.81, with a volume of 31129 shares traded. The stock had previously closed at C$9.75.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DBM. National Bankshares upped their target price 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 note on Monday, October 7th. CIBC lifted 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 report on Wednesday, October 2nd. Raymond James upped their price target on Doman Building Materials Group from C$9.75 to C$11.50 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 2nd. TD Securities lifted their price objective on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a report on Tuesday, October 22nd. Finally, Stifel Nicolaus increased their target price on shares of Doman Building Materials Group from C$11.00 to C$12.00 in a report on Monday, November 25th. Five investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Doman Building Materials Group currently has an average rating of “Buy” and a consensus target price of C$10.93.

Doman Building Materials Group Stock Up 0.9 %

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 firm’s 50 day moving average is C$8.79 and its two-hundred day moving average is C$7.66. The firm has a market capitalization of C$858.93 million, a P/E ratio of 13.54 and a beta of 1.53.

Doman Building Materials Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were paid a $0.14 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.56 annualized dividend and a yield of 5.69%. Doman Building Materials Group’s dividend payout ratio is 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.