Doman Building Materials Group (TSE:DBM) Hits New 52-Week High – Time to Buy?

Doman Building Materials Group Ltd. (TSE:DBM)’s share price 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. The stock had previously closed at C$9.29.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Raymond James lifted their target price on 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 boosted 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 note on Monday, October 7th. Canaccord Genuity Group raised their target price on shares of Doman Building Materials Group from C$9.00 to C$11.00 and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Stifel Nicolaus upped their price target on shares of Doman Building Materials Group from C$9.25 to C$10.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, TD Securities raised their price objective on shares of Doman Building Materials Group from C$11.50 to C$12.00 in a research report on Tuesday, October 22nd. Five investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$10.64.

Doman Building Materials Group Stock Performance

The stock has a market cap of C$812.67 million, a P/E 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 firm’s 50-day moving average price is C$8.31 and its 200-day moving average price is C$7.52.

Doman Building Materials Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a $0.14 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.56 dividend on an annualized basis and a yield of 6.02%. Doman Building Materials Group’s dividend 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.