Rhumbline Advisers decreased its position in Dynamic Materials Co. (NASDAQ:BOOM) by 18.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,499 shares of the industrial products company’s stock after selling 3,049 shares during the quarter. Rhumbline Advisers owned approximately 0.09% of Dynamic Materials worth $338,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in BOOM. State Street Corp increased its position in shares of Dynamic Materials by 7.3% in the second quarter. State Street Corp now owns 211,940 shares of the industrial products company’s stock valued at $2,777,000 after acquiring an additional 14,471 shares during the period. Nationwide Fund Advisors increased its position in shares of Dynamic Materials by 22.7% in the third quarter. Nationwide Fund Advisors now owns 106,789 shares of the industrial products company’s stock valued at $1,805,000 after acquiring an additional 19,721 shares during the period. New York State Common Retirement Fund increased its position in shares of Dynamic Materials by 2.4% in the third quarter. New York State Common Retirement Fund now owns 392,457 shares of the industrial products company’s stock valued at $6,633,000 after acquiring an additional 9,127 shares during the period. Ameriprise Financial Inc. increased its position in shares of Dynamic Materials by 0.7% in the third quarter. Ameriprise Financial Inc. now owns 361,262 shares of the industrial products company’s stock valued at $6,106,000 after acquiring an additional 2,400 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Dynamic Materials by 52.7% in the third quarter. Wells Fargo & Company MN now owns 18,265 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 6,306 shares during the period. Hedge funds and other institutional investors own 85.52% of the company’s stock.
In related news, Director Yvon Pierre Cariou sold 20,000 shares of the business’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $27.10, for a total transaction of $542,000.00. Following the transaction, the director now owns 173,852 shares in the company, valued at $4,711,389.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is owned by insiders.
Shares of NASDAQ BOOM opened at $25.85 on Monday. Dynamic Materials Co. has a 1 year low of $11.65 and a 1 year high of $28.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.41 and a current ratio of 2.19. The stock has a market cap of $385.30, a P/E ratio of 184.64, a P/E/G ratio of 1.03 and a beta of 0.53.
Dynamic Materials (NASDAQ:BOOM) last announced its quarterly earnings results on Thursday, March 8th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. Dynamic Materials had a negative net margin of 9.78% and a positive return on equity of 1.95%. The company had revenue of $54.50 million for the quarter, compared to analysts’ expectations of $54.87 million. During the same quarter in the previous year, the company earned ($0.15) earnings per share. Dynamic Materials’s quarterly revenue was up 35.7% on a year-over-year basis. equities analysts predict that Dynamic Materials Co. will post 1.26 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Saturday, March 31st will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Wednesday, March 28th. Dynamic Materials’s dividend payout ratio is currently 50.00%.
A number of equities analysts have issued reports on BOOM shares. Zacks Investment Research cut shares of Dynamic Materials from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 27th. BidaskClub cut shares of Dynamic Materials from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Finally, ValuEngine upgraded shares of Dynamic Materials from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Four research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average price target of $25.50.
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Dynamic Materials Profile
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
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