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.
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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.
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