Cerity Partners LLC Acquires New Holdings in DMC Global Inc. (NASDAQ:BOOM)

Cerity Partners LLC acquired a new stake in DMC Global Inc. (NASDAQ:BOOM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 551,458 shares of the industrial products company’s stock, valued at approximately $10,378,000.

A number of other large investors have also recently added to or reduced their stakes in the business. New York State Common Retirement Fund grew its stake in DMC Global by 1.8% in the 3rd quarter. New York State Common Retirement Fund now owns 35,411 shares of the industrial products company’s stock valued at $867,000 after acquiring an additional 641 shares during the last quarter. Jane Street Group LLC grew its stake in DMC Global by 2.7% in the 4th quarter. Jane Street Group LLC now owns 27,385 shares of the industrial products company’s stock valued at $532,000 after acquiring an additional 713 shares during the last quarter. Rice Hall James & Associates LLC grew its stake in DMC Global by 0.7% in the 3rd quarter. Rice Hall James & Associates LLC now owns 115,429 shares of the industrial products company’s stock valued at $2,825,000 after acquiring an additional 805 shares during the last quarter. Credit Suisse AG grew its stake in DMC Global by 3.7% in the 2nd quarter. Credit Suisse AG now owns 23,920 shares of the industrial products company’s stock valued at $425,000 after acquiring an additional 845 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in DMC Global by 5.0% in the 3rd quarter. Alliancebernstein L.P. now owns 18,721 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 886 shares during the last quarter. 77.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Stifel Nicolaus decreased their price target on shares of DMC Global from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. StockNews.com raised shares of DMC Global from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th.

DMC Global Price Performance

DMC Global stock opened at $17.53 on Monday. DMC Global Inc. has a 12-month low of $14.89 and a 12-month high of $27.16. The stock has a market capitalization of $346.92 million, a P/E ratio of 16.23 and a beta of 1.62. The firm’s 50-day moving average is $17.94 and its two-hundred day moving average is $18.11. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.58 and a quick ratio of 1.27.

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

DMC Global 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.