Dmc Global (NASDAQ:BOOM) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.
BOOM has been the topic of a number of other research reports. Chardan Capital assumed coverage on shares of Dmc Global in a research report on Thursday, July 5th. They set a “buy” rating and a $59.00 target price on the stock. Stifel Nicolaus assumed coverage on shares of Dmc Global in a report on Monday, September 10th. They issued a “buy” rating and a $53.00 price target on the stock. Zacks Investment Research lowered shares of Dmc Global from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, July 31st. TheStreet upgraded shares of Dmc Global from a “c” rating to a “b-” rating in a report on Wednesday, September 5th. Finally, Sidoti upgraded shares of Dmc Global from a “neutral” rating to a “buy” rating in a report on Friday, October 26th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $51.00.
Shares of NASDAQ BOOM opened at $38.88 on Friday. Dmc Global has a 1 year low of $18.56 and a 1 year high of $51.05. The company has a market cap of $566.59 million, a P/E ratio of 243.00, a PEG ratio of 0.95 and a beta of 0.43. The company has a current ratio of 2.15, a quick ratio of 1.28 and a debt-to-equity ratio of 0.35.
Dmc Global (NASDAQ:BOOM) last announced its earnings results on Thursday, October 25th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.19. Dmc Global had a net margin of 4.56% and a return on equity of 22.24%. The firm had revenue of $87.88 million for the quarter, compared to analyst estimates of $83.35 million. Sell-side analysts anticipate that Dmc Global will post 2 earnings per share for the current year.
In other Dmc Global news, Director Yvon Pierre Cariou sold 25,000 shares of Dmc Global stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $42.97, for a total value of $1,074,250.00. Following the transaction, the director now owns 144,823 shares in the company, valued at approximately $6,223,044.31. The sale 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 Dmc Global stock in a transaction 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. 5.10% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its holdings in shares of Dmc Global by 3.4% during the 2nd quarter. BlackRock Inc. now owns 978,005 shares of the industrial products company’s stock valued at $43,911,000 after acquiring an additional 31,775 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Dmc Global by 39.1% during the 2nd quarter. Renaissance Technologies LLC now owns 308,100 shares of the industrial products company’s stock valued at $13,834,000 after acquiring an additional 86,632 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Dmc Global by 301.6% during the 1st quarter. Millennium Management LLC now owns 198,046 shares of the industrial products company’s stock valued at $5,298,000 after acquiring an additional 148,737 shares in the last quarter. Manatuck Hill Partners LLC lifted its holdings in shares of Dmc Global by 631.9% during the 2nd quarter. Manatuck Hill Partners LLC now owns 182,979 shares of the industrial products company’s stock valued at $8,216,000 after acquiring an additional 157,979 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Dmc Global by 13.2% during the 2nd quarter. Northern Trust Corp now owns 174,169 shares of the industrial products company’s stock valued at $7,820,000 after acquiring an additional 20,242 shares in the last quarter. Institutional investors and hedge funds own 84.82% of the company’s stock.
Dmc Global Company 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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