DMC Global Inc. (NASDAQ:BOOM) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. lifted its stake in DMC Global Inc. (NASDAQ:BOOM) by 44.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 140,979 shares of the industrial products company’s stock after acquiring an additional 43,671 shares during the period. American Century Companies Inc. owned 0.70% of DMC Global worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quantbot Technologies LP acquired a new stake in DMC Global in the fourth quarter worth approximately $50,000. Cooke & Bieler LP lifted its holdings in shares of DMC Global by 3.1% in the fourth quarter. Cooke & Bieler LP now owns 1,753,419 shares of the industrial products company’s stock valued at $12,888,000 after buying an additional 53,478 shares during the period. AlphaQuest LLC boosted its stake in DMC Global by 27.9% during the fourth quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company’s stock valued at $63,000 after buying an additional 1,876 shares in the last quarter. Victory Capital Management Inc. grew its holdings in DMC Global by 7.4% during the fourth quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company’s stock worth $175,000 after acquiring an additional 1,654 shares during the period. Finally, Empowered Funds LLC raised its position in DMC Global by 5.0% in the fourth quarter. Empowered Funds LLC now owns 95,590 shares of the industrial products company’s stock worth $703,000 after acquiring an additional 4,579 shares in the last quarter. 77.63% of the stock is currently owned by institutional investors.

DMC Global Trading Down 1.4 %

Shares of NASDAQ BOOM opened at $6.49 on Friday. The business has a fifty day simple moving average of $8.16 and a 200-day simple moving average of $8.76. The company has a market cap of $133.38 million, a price-to-earnings ratio of -0.82 and a beta of 1.41. DMC Global Inc. has a 12 month low of $6.02 and a 12 month high of $18.57. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28.

DMC Global (NASDAQ:BOOM) last announced its earnings results on Monday, February 24th. The industrial products company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.29) by $0.38. The company had revenue of $152.37 million during the quarter, compared to analysts’ expectations of $140.50 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. Sell-side analysts predict that DMC Global Inc. will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

BOOM has been the topic of several recent research reports. StockNews.com raised shares of DMC Global from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Stifel Nicolaus lifted their price target on shares of DMC Global from $8.00 to $9.50 and gave the stock a “hold” rating in a research report on Wednesday, February 26th.

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.