Doman Building Materials Group (TSE:DBM) Stock Passes Below 200-Day Moving Average of $7.84

Doman Building Materials Group Ltd. (TSE:DBM)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$7.84 and traded as low as C$6.94. Doman Building Materials Group shares last traded at C$7.05, with a volume of 153,781 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts recently commented on DBM shares. Canaccord Genuity Group reduced 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 research report on Tuesday, May 14th. Raymond James cut their target price on shares of Doman Building Materials Group from C$10.75 to C$9.75 and set a “strong-buy” rating for the company in a research report on Monday, May 13th. CIBC cut their target price on shares of Doman Building Materials Group from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research report on Tuesday, May 14th. National Bankshares increased their target price on shares of Doman Building Materials Group from C$10.00 to C$10.50 and gave the stock an “outperform” rating in a research report on Monday, May 13th. Finally, Stifel Nicolaus increased their target price on shares of Doman Building Materials Group from C$9.25 to C$11.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Doman Building Materials Group currently has a consensus rating of “Buy” and a consensus target price of C$9.88.

Doman Building Materials Group Trading Up 1.9 %

The company’s 50 day moving average price is C$7.42 and its 200 day moving average price is C$7.84. The company has a market cap of C$614.34 million, a price-to-earnings ratio of 8.20 and a beta of 1.58. The company has a debt-to-equity ratio of 142.37, a quick ratio of 1.11 and a current ratio of 1.30.

Doman Building Materials Group (TSE:DBM) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.16 EPS 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 for the quarter, compared to analyst estimates of C$665.05 million. Research analysts anticipate that Doman Building Materials Group Ltd. will post 0.744877 EPS for the current year.

Doman Building Materials Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a yield of 7.94%. Doman Building Materials Group’s payout ratio is presently 65.12%.

Insider Activity at Doman Building Materials Group

In related news, Senior Officer James Salter Code purchased 6,500 shares of Doman Building Materials Group stock in a transaction on Monday, May 13th. The stock was purchased at an average cost of C$7.38 per share, with a total value of C$47,970.00. In other Doman Building Materials Group news, Senior Officer James Salter Code acquired 6,500 shares of Doman Building Materials Group stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of C$7.38 per share, with a total value of C$47,970.00. Also, Director Amar Doman acquired 73,500 shares of Doman Building Materials Group stock in a transaction dated Thursday, May 30th. The shares were acquired at an average cost of C$7.13 per share, with a total value of C$524,415.15. In the last three months, insiders have bought 150,000 shares of company stock worth $1,078,857. 19.98% of the stock is owned by insiders.

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.