Doman Building Materials Group (TSE:DBM) Hits New 52-Week Low at $6.32

Doman Building Materials Group Ltd. (TSE:DBM)’s share price hit a new 52-week low on Monday . The company traded as low as C$6.32 and last traded at C$6.64, with a volume of 100768 shares. The stock had previously closed at C$6.72.

Analyst Upgrades and Downgrades

DBM has been the topic of several research reports. National Bankshares raised their price objective on 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. Raymond James reduced their price target on Doman Building Materials Group from C$10.75 to C$9.75 and set a “strong-buy” rating on the stock in a research report on Monday, May 13th. CIBC lowered their price objective on shares of Doman Building Materials Group from C$9.00 to C$8.50 in a research report on Thursday, July 18th. Royal Bank of Canada reduced their target price on shares of Doman Building Materials Group from C$10.00 to C$9.00 in a research report on Thursday, July 11th. Finally, Canaccord Genuity Group lowered their price target 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 report on Tuesday, May 14th. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Doman Building Materials Group presently has a consensus rating of “Buy” and a consensus target price of C$9.63.

Doman Building Materials Group Trading Down 2.4 %

The firm has a market cap of C$571.64 million, a P/E ratio of 7.63 and a beta of 1.58. The business’s 50 day moving average is C$6.98 and its 200-day moving average is C$7.56. The company has a quick ratio of 1.11, a current ratio of 1.30 and a debt-to-equity ratio of 142.37.

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

Doman Building Materials Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Friday, June 28th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 8.54%. The ex-dividend date of this dividend was Friday, June 28th. Doman Building Materials Group’s dividend payout ratio is currently 65.12%.

Insiders Place Their Bets

In other Doman Building Materials Group news, Director Amar Doman acquired 60,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The stock was purchased at an average price of C$7.24 per share, with a total value of C$434,172.00. Insiders have bought a total of 143,500 shares of company stock valued at $1,030,887 in the last quarter. Insiders own 19.98% of the company’s stock.

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.