United Services Automobile Association reduced its stake in Dmc Global Inc (NASDAQ:BOOM) by 19.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 115,856 shares of the industrial products company’s stock after selling 28,360 shares during the period. United Services Automobile Association owned 0.78% of Dmc Global worth $5,202,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of BOOM. Manatuck Hill Partners LLC lifted its stake in shares of Dmc Global by 631.9% in the 2nd quarter. Manatuck Hill Partners LLC now owns 182,979 shares of the industrial products company’s stock worth $8,216,000 after acquiring an additional 157,979 shares during the period. Millennium Management LLC lifted its stake in shares of Dmc Global by 301.6% in the 1st quarter. Millennium Management LLC now owns 198,046 shares of the industrial products company’s stock worth $5,298,000 after acquiring an additional 148,737 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Dmc Global in the 2nd quarter worth approximately $4,049,000. Renaissance Technologies LLC lifted its stake in shares of Dmc Global by 39.1% in the 2nd quarter. Renaissance Technologies LLC now owns 308,100 shares of the industrial products company’s stock worth $13,834,000 after acquiring an additional 86,632 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of Dmc Global in the 2nd quarter worth approximately $3,225,000. 84.80% of the stock is owned by institutional investors.
In related news, Director Yvon Pierre Cariou sold 25,000 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $42.97, for a total transaction of $1,074,250.00. Following the completion of the sale, the director now directly owns 144,823 shares of the company’s stock, valued at $6,223,044.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John Edgar Scheatzle, Jr. sold 1,299 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $41.41, for a total transaction of $53,791.59. The disclosure for this sale can be found here. 5.20% of the stock is owned by corporate insiders.
A number of analysts have recently weighed in on BOOM shares. BidaskClub raised shares of Dmc Global from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 18th. Zacks Investment Research raised shares of Dmc Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine lowered shares of Dmc Global from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 28th. Roth Capital set a $58.00 price target on shares of Dmc Global and gave the stock a “buy” rating in a research note on Saturday, July 28th. Finally, TheStreet raised shares of Dmc Global from a “c” rating to a “b-” rating in a research note on Wednesday, September 5th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $49.75.
BOOM stock opened at $37.20 on Friday. Dmc Global Inc has a 12 month low of $17.20 and a 12 month high of $51.05. The company has a market cap of $607.46 million, a P/E ratio of 228.81, a price-to-earnings-growth ratio of 1.06 and a beta of 0.43. The company has a quick ratio of 1.30, a current ratio of 2.22 and a debt-to-equity ratio of 0.30.
Dmc Global (NASDAQ:BOOM) last released its earnings results on Thursday, July 26th. The industrial products company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. Dmc Global had a negative net margin of 2.25% and a positive return on equity of 16.70%. The business had revenue of $80.90 million during the quarter, compared to analyst estimates of $74.95 million. During the same period in the prior year, the business earned $0.01 earnings per share. The business’s quarterly revenue was up 71.4% on a year-over-year basis. Equities analysts predict that Dmc Global Inc will post 1.93 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Sunday, September 30th will be paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.22%. The ex-dividend date is Thursday, September 27th. Dmc Global’s dividend payout ratio is presently 50.00%.
About Dmc Global
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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