Zacks Investment Research downgraded shares of Dmc Global (NASDAQ:BOOM) from a strong-buy rating to a hold rating in a research note issued to investors on Friday, March 9th.
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. “
Separately, BidaskClub upgraded shares of Dmc Global from a hold rating to a buy rating in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Dmc Global presently has an average rating of Buy and a consensus target price of $25.50.
Shares of NASDAQ BOOM traded down $1.40 during mid-day trading on Friday, reaching $25.35. The company had a trading volume of 63,216 shares, compared to its average volume of 75,395. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.19 and a quick ratio of 1.41. The company has a market capitalization of $398.71, a price-to-earnings ratio of 191.07, a price-to-earnings-growth ratio of 1.06 and a beta of 0.53. Dmc Global has a 52-week low of $11.60 and a 52-week high of $28.95.
Dmc Global (NASDAQ:BOOM) last posted its earnings results on Thursday, March 8th. The industrial products company reported $0.09 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.09. The firm had revenue of $54.50 million for the quarter, compared to the consensus estimate of $54.87 million. Dmc Global had a negative net margin of 9.78% and a positive return on equity of 1.95%. The company’s revenue was up 35.7% on a year-over-year basis. During the same period last year, the firm posted ($0.15) EPS. sell-side analysts forecast that Dmc Global will post 1.26 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Saturday, March 31st will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date of this dividend is Wednesday, March 28th. Dmc Global’s dividend payout ratio is currently 50.00%.
In related news, Director Yvon Pierre Cariou sold 20,000 shares of the stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of $27.10, for a total transaction of $542,000.00. Following the completion of the sale, the director now owns 173,852 shares in the company, valued at approximately $4,711,389.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in shares of Dmc Global by 2.0% in the 4th quarter. BlackRock Inc. now owns 948,804 shares of the industrial products company’s stock worth $23,767,000 after acquiring an additional 18,197 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Dmc Global by 5.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 768,522 shares of the industrial products company’s stock worth $12,989,000 after acquiring an additional 42,439 shares during the period. Royce & Associates LP lifted its stake in shares of Dmc Global by 9.0% in the 3rd quarter. Royce & Associates LP now owns 628,419 shares of the industrial products company’s stock worth $10,620,000 after acquiring an additional 52,000 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Dmc Global by 2.4% in the 3rd quarter. New York State Common Retirement Fund now owns 392,457 shares of the industrial products company’s stock worth $6,633,000 after acquiring an additional 9,127 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Dmc Global by 0.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 361,262 shares of the industrial products company’s stock worth $6,106,000 after acquiring an additional 2,400 shares during the period. Institutional investors own 85.52% of the company’s stock.
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About Dmc Global
DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.
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