DMC Global (NASDAQ:BOOM) Raised to Buy at Zacks Investment Research

DMC Global (NASDAQ:BOOMGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday, Zacks.com reports. The brokerage currently has a $31.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 7.19% from the company’s current price.

According to Zacks, “DMC Global Inc. is a technology company. Its operating sector consists of industrial infrastructure and oilfield products and services. Industrial infrastructure sector is served by DMC’s NobelClad business is a manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment. Oilfield products and services sector is served by DynaEnergetics, is a developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. DMC Global Inc. is based in Boulder, Colorado. “

Other research analysts have also issued reports about the company. StockNews.com lowered DMC Global from a “hold” rating to a “sell” rating in a research report on Monday, May 23rd. Sidoti dropped their target price on DMC Global from $55.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, March 4th. Finally, Roth Capital dropped their target price on DMC Global from $50.00 to $35.00 in a research report on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to data from MarketBeat.com, DMC Global currently has a consensus rating of “Buy” and a consensus target price of $38.75.

BOOM stock traded up $1.25 during trading on Wednesday, reaching $28.92. 87,398 shares of the company’s stock were exchanged, compared to its average volume of 140,269. 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 has a 1-year low of $18.74 and a 1-year high of $63.50. The company’s fifty day moving average price is $26.26 and its 200-day moving average price is $33.67. The firm has a market cap of $563.85 million, a PE ratio of -39.62, a P/E/G ratio of 6.60 and a beta of 1.36.

DMC Global (NASDAQ:BOOMGet Rating) last announced its quarterly earnings data on Thursday, May 5th. The industrial products company reported ($0.16) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.20. The business had revenue of $138.70 million during the quarter, compared to analyst estimates of $129.25 million. DMC Global had a negative return on equity of 0.05% and a negative net margin of 1.14%. The company’s revenue was up 149.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.04 earnings per share. As a group, sell-side analysts expect that DMC Global will post 0.21 earnings per share for the current fiscal year.

In related news, CEO Kevin T. Longe sold 5,854 shares of the company’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $21.77, for a total transaction of $127,441.58. Following the transaction, the chief executive officer now owns 71,118 shares in the company, valued at approximately $1,548,238.86. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Richard P. Graff sold 1,000 shares of the company’s stock in a transaction dated Friday, March 18th. The stock was sold at an average price of $34.58, for a total transaction of $34,580.00. The disclosure for this sale can be found here. Insiders sold a total of 6,876 shares of company stock worth $162,506 in the last three months. Insiders own 1.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in BOOM. Advisor Group Holdings Inc. boosted its position in DMC Global by 8.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 5,352 shares of the industrial products company’s stock worth $212,000 after acquiring an additional 404 shares during the last quarter. California State Teachers Retirement System boosted its holdings in shares of DMC Global by 2.1% in the 4th quarter. California State Teachers Retirement System now owns 25,858 shares of the industrial products company’s stock valued at $1,024,000 after buying an additional 542 shares during the last quarter. Van Den Berg Management I Inc. boosted its holdings in shares of DMC Global by 0.3% in the 3rd quarter. Van Den Berg Management I Inc. now owns 216,785 shares of the industrial products company’s stock valued at $8,002,000 after buying an additional 638 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of DMC Global by 5.2% in the 4th quarter. JPMorgan Chase & Co. now owns 13,689 shares of the industrial products company’s stock valued at $543,000 after buying an additional 675 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of DMC Global by 200.3% in the 4th quarter. Cullen Frost Bankers Inc. now owns 1,129 shares of the industrial products company’s stock valued at $45,000 after buying an additional 753 shares during 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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