DMC Global (NASDAQ:BOOM) Raised to “Hold” at StockNews.com

DMC Global (NASDAQ:BOOMGet Rating) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Several other brokerages also recently commented on BOOM. Roth Capital lowered their price objective on shares of DMC Global from $50.00 to $35.00 in a research note on Tuesday, May 3rd. Sidoti dropped their price objective on DMC Global from $55.00 to $41.00 and set a “buy” rating for the company in a report on Friday, March 4th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, DMC Global currently has an average rating of “Buy” and a consensus target price of $41.33.

Shares of NASDAQ:BOOM opened at $21.66 on Thursday. The stock has a market cap of $422.31 million, a PE ratio of -29.67, a PEG ratio of 5.23 and a beta of 1.36. The company’s fifty day moving average is $27.92 and its 200 day moving average is $35.12. DMC Global has a 52 week low of $18.74 and a 52 week high of $63.50. The company has a quick ratio of 0.93, a current ratio of 2.11 and a debt-to-equity ratio of 0.37.

DMC Global (NASDAQ:BOOMGet Rating) last issued its earnings results on Thursday, May 5th. The industrial products company reported ($0.16) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.20. The company had revenue of $138.70 million for the quarter, compared to analysts’ expectations of $129.25 million. DMC Global had a negative net margin of 1.14% and a negative return on equity of 0.05%. The firm’s revenue was up 149.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.04 EPS. Sell-side analysts anticipate that DMC Global will post 0.21 EPS for the current year.

In other news, Director Richard P. Graff sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of $34.58, for a total value of $34,580.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Kevin T. Longe sold 5,854 shares of the firm’s stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $21.77, for a total value of $127,441.58. Following the completion of the transaction, the chief executive officer now owns 71,118 shares of the company’s stock, valued at approximately $1,548,238.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,876 shares of company stock valued at $162,506. Company insiders own 1.80% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BOOM. Cooke & Bieler LP lifted its stake in shares of DMC Global by 56.9% in the 3rd quarter. Cooke & Bieler LP now owns 1,244,114 shares of the industrial products company’s stock valued at $45,920,000 after purchasing an additional 450,933 shares during the period. Royce & Associates LP lifted its stake in shares of DMC Global by 139.0% in the 1st quarter. Royce & Associates LP now owns 326,468 shares of the industrial products company’s stock valued at $9,957,000 after purchasing an additional 189,890 shares during the period. Earnest Partners LLC lifted its stake in shares of DMC Global by 11.9% in the 4th quarter. Earnest Partners LLC now owns 1,572,719 shares of the industrial products company’s stock valued at $62,295,000 after purchasing an additional 167,676 shares during the period. BlackRock Inc. lifted its stake in shares of DMC Global by 5.6% in the 4th quarter. BlackRock Inc. now owns 3,001,644 shares of the industrial products company’s stock valued at $118,895,000 after purchasing an additional 159,947 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in DMC Global by 110.8% during the 3rd quarter. Goldman Sachs Group Inc. now owns 139,492 shares of the industrial products company’s stock valued at $5,148,000 after buying an additional 73,326 shares in the last quarter. Institutional investors own 96.59% of the company’s stock.

DMC Global Company Profile (Get Rating)

DMC Global Inc provides a suite of technical products for the energy, industrial, and infrastructure markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building materials, including storefronts and entrances, windows, curtain walls, and interior partitions; architectural components, architectural framing systems, and sun control products; sliding and glazing systems; and engineered steel, aluminum, and wood door and window systems.

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