DMC Global Inc. (NASDAQ:BOOM) Shares Bought by Invesco Ltd.

Invesco Ltd. grew its holdings in DMC Global Inc. (NASDAQ:BOOM) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,022 shares of the industrial products company’s stock after purchasing an additional 2,128 shares during the quarter. Invesco Ltd. owned approximately 0.25% of DMC Global worth $375,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Cooke & Bieler LP raised its stake in DMC Global by 3.1% in the 4th quarter. Cooke & Bieler LP now owns 1,753,419 shares of the industrial products company’s stock valued at $12,888,000 after purchasing an additional 53,478 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in DMC Global by 9.8% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 563,443 shares of the industrial products company’s stock worth $4,141,000 after buying an additional 50,211 shares during the last quarter. Geode Capital Management LLC grew its holdings in DMC Global by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company’s stock valued at $3,276,000 after buying an additional 2,339 shares during the period. Hunter Associates Investment Management LLC raised its stake in DMC Global by 19.1% during the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock worth $3,078,000 after purchasing an additional 67,410 shares during the period. Finally, Villanova Investment Management Co LLC boosted its holdings in DMC Global by 10.8% in the fourth quarter. Villanova Investment Management Co LLC now owns 147,297 shares of the industrial products company’s stock valued at $1,083,000 after acquiring an additional 14,358 shares during the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on BOOM shares. Stifel Nicolaus decreased their price target on shares of DMC Global from $9.50 to $9.00 and set a “hold” rating for the company in a research report on Tuesday, April 15th. StockNews.com raised DMC Global from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th.

DMC Global Trading Up 14.4 %

Shares of NASDAQ BOOM opened at $7.38 on Friday. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28. DMC Global Inc. has a 12-month low of $6.02 and a 12-month high of $15.14. The stock’s 50 day simple moving average is $7.55 and its 200 day simple moving average is $8.03. The company has a market cap of $151.67 million, a price-to-earnings ratio of -0.94 and a beta of 1.41.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.19. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The company had revenue of $159.29 million during the quarter, compared to analyst estimates of $149.00 million. Equities research analysts expect that DMC Global Inc. will post -0.23 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.