Vanguard Group Inc. Increases Stake in DMC Global Inc. (NASDAQ:BOOM)

Vanguard Group Inc. grew its stake in DMC Global Inc. (NASDAQ:BOOM) by 0.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,119,786 shares of the industrial products company’s stock after acquiring an additional 2,224 shares during the quarter. Vanguard Group Inc. owned about 0.06% of DMC Global worth $27,401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of BOOM. Point72 Hong Kong Ltd acquired a new stake in shares of DMC Global in the 2nd quarter worth $34,000. New York State Teachers Retirement System acquired a new stake in shares of DMC Global during the 3rd quarter worth about $42,000. Point72 Asset Management L.P. increased its position in shares of DMC Global by 367.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,404 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 1,890 shares during the last quarter. UBS Group AG increased its position in shares of DMC Global by 564.8% during the 3rd quarter. UBS Group AG now owns 2,659 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 2,259 shares during the last quarter. Finally, Covestor Ltd acquired a new stake in shares of DMC Global during the 3rd quarter worth about $50,000. 77.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BOOM. StockNews.com raised DMC Global from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Stifel Nicolaus dropped their target price on DMC Global from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Tuesday, February 27th.

DMC Global Stock Performance

NASDAQ BOOM opened at $17.53 on Friday. The stock has a 50-day moving average of $17.94 and a two-hundred day moving average of $18.20. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.58 and a quick ratio of 1.27. The company has a market cap of $346.85 million, a P/E ratio of 16.23 and a beta of 1.62. DMC Global Inc. has a 1-year low of $14.89 and a 1-year high of $27.16.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.07). The company had revenue of $174.04 million during the quarter, compared to analysts’ expectations of $170.80 million. DMC Global had a net margin of 3.29% and a return on equity of 9.14%. During the same quarter in the previous year, the business posted $0.22 EPS. As a group, analysts anticipate that DMC Global Inc. will post 1.58 EPS for the current year.

DMC Global Company Profile

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.