Zacks Investment Research Downgrades Dmc Global (NASDAQ:BOOM) to Hold

Zacks Investment Research lowered shares of Dmc Global (NASDAQ:BOOM) from a strong-buy rating to a hold rating in a report issued on Wednesday, December 27th.

According to Zacks, “DMC Global Inc. is a technology company. Its operating sector consists of industrial infrastructure and oilfield products and services. Industrial infrastructure sector is served by DMC’s NobelClad business is a manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment. Oilfield products and services sector is served by DynaEnergetics, is a developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. DMC Global Inc. is based in Boulder, Colorado. “

A number of other equities research analysts have also recently commented on BOOM. Roth Capital set a $22.00 target price on shares of Dmc Global and gave the company a buy rating in a research report on Tuesday, October 24th. BidaskClub upgraded shares of Dmc Global from a buy rating to a strong-buy rating in a research report on Saturday, December 9th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $23.00.

Dmc Global (NASDAQ BOOM) traded up $0.10 during mid-day trading on Wednesday, hitting $24.15. 25,100 shares of the stock traded hands, compared to its average volume of 58,800. The stock has a market cap of $349.29, a P/E ratio of -18.16, a P/E/G ratio of 1.23 and a beta of 0.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.76 and a quick ratio of 1.80. Dmc Global has a fifty-two week low of $11.60 and a fifty-two week high of $26.15.

Dmc Global (NASDAQ:BOOM) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.13. The firm had revenue of $52.16 million for the quarter, compared to the consensus estimate of $46.25 million. Dmc Global had a negative net margin of 10.69% and a negative return on equity of 1.20%. The firm’s quarterly revenue was up 42.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.19) earnings per share. equities analysts forecast that Dmc Global will post 0.21 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Sunday, December 31st will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.33%. The ex-dividend date is Thursday, December 28th. Dmc Global’s payout ratio is currently -6.02%.

In other Dmc Global news, Director Yvon Pierre Cariou sold 15,065 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $21.15, for a total transaction of $318,624.75. Following the completion of the transaction, the director now owns 199,414 shares of the company’s stock, valued at $4,217,606.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Kevin T. Longe sold 3,642 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $21.50, for a total transaction of $78,303.00. Following the completion of the transaction, the insider now directly owns 225,089 shares of the company’s stock, valued at approximately $4,839,413.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 28,642 shares of company stock valued at $614,405. 5.10% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of BOOM. Granahan Investment Management Inc. MA lifted its stake in Dmc Global by 75.3% in the third quarter. Granahan Investment Management Inc. MA now owns 158,951 shares of the industrial products company’s stock worth $2,686,000 after acquiring an additional 68,284 shares during the last quarter. Rice Hall James & Associates LLC purchased a new position in Dmc Global in the third quarter worth approximately $939,000. Dimensional Fund Advisors LP lifted its stake in Dmc Global by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 726,083 shares of the industrial products company’s stock worth $9,512,000 after acquiring an additional 53,899 shares during the last quarter. Royce & Associates LP raised its holdings in Dmc Global by 9.0% during the third quarter. Royce & Associates LP now owns 628,419 shares of the industrial products company’s stock worth $10,620,000 after purchasing an additional 52,000 shares in the last quarter. Finally, Fred Alger Management Inc. raised its holdings in Dmc Global by 11.7% during the second quarter. Fred Alger Management Inc. now owns 431,868 shares of the industrial products company’s stock worth $5,657,000 after purchasing an additional 45,367 shares in the last quarter. Institutional investors own 86.44% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/11/dynamic-materials-boom-lowered-to-hold-at-zacks-investment-research.html.

About Dmc Global

DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.

Get a free copy of the Zacks research report on Dmc Global (BOOM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Dmc Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dmc Global and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply