Kevin T. Longe Sells 5,854 Shares of DMC Global Inc. (NASDAQ:BOOM) Stock

DMC Global Inc. (NASDAQ:BOOM – Get Rating) CEO Kevin T. Longe sold 5,854 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The stock was sold at an average price of $21.77, for a total transaction 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 $1,548,238.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

BOOM stock opened at $21.66 on Friday. DMC Global Inc. has a one year low of $18.74 and a one year high of $63.50. The company’s fifty day moving average price is $27.92 and its 200-day moving average price is $35.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.11 and a quick ratio of 0.93.

DMC Global (NASDAQ:BOOM – Get Rating) last released its earnings results on Thursday, May 5th. The industrial products company reported ($0.16) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.20. DMC Global had a negative net margin of 1.14% and a negative return on equity of 0.05%. The firm had revenue of $138.70 million for the quarter, compared to the consensus estimate of $129.25 million. During the same quarter in the previous year, the firm earned $0.04 earnings per share. The company’s quarterly revenue was up 149.0% compared to the same quarter last year. As a group, analysts anticipate that DMC Global Inc. will post 0.21 earnings per share for the current fiscal year.

BOOM has been the subject of a number of recent analyst reports. Roth Capital dropped their price target on shares of DMC Global from $50.00 to $35.00 in a research report on Tuesday, May 3rd. StockNews.com raised shares of DMC Global from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Sidoti lowered their target price on shares of DMC Global from $55.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, March 4th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $41.33.

A number of institutional investors have recently added to or reduced their stakes in BOOM. Morgan Stanley raised its stake in DMC Global by 155.0% during the second quarter. Morgan Stanley now owns 106,557 shares of the industrial products company’s stock valued at $5,990,000 after purchasing an additional 64,769 shares in the last quarter. SG Americas Securities LLC purchased a new stake in DMC Global during the third quarter valued at $105,000. Deutsche Bank AG raised its stake in DMC Global by 30.1% during the third quarter. Deutsche Bank AG now owns 17,719 shares of the industrial products company’s stock valued at $653,000 after purchasing an additional 4,102 shares in the last quarter. Swiss National Bank raised its stake in DMC Global by 2.2% during the third quarter. Swiss National Bank now owns 41,300 shares of the industrial products company’s stock valued at $1,524,000 after purchasing an additional 900 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System raised its stake in DMC Global by 4.9% during the third quarter. State Board of Administration of Florida Retirement System now owns 10,885 shares of the industrial products company’s stock valued at $402,000 after purchasing an additional 510 shares in the last quarter. 96.59% of the stock is currently owned by institutional investors.

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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