Sidoti upgraded shares of Dmc Global (NASDAQ:BOOM) from a neutral rating to a buy rating in a research report report published on Wednesday, Briefing.com Automated Import reports. They currently have $76.00 price objective on the industrial products company’s stock.
Several other research firms have also issued reports on BOOM. Zacks Investment Research lowered shares of EXACT Sciences from a hold rating to a sell rating in a report on Tuesday, July 2nd. Roth Capital boosted their target price on shares of Broadwind Energy from $2.50 to $2.75 and gave the company a buy rating in a report on Monday, April 29th. Stifel Nicolaus restated a buy rating and issued a $170.00 target price on shares of Spotify in a report on Friday, April 26th. BidaskClub lowered shares of Vertex Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday, July 9th. Finally, ValuEngine upgraded shares of Vistra Energy from a hold rating to a buy rating in a report on Wednesday, July 3rd. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company. Dmc Global has an average rating of Buy and an average price target of $67.33.
BOOM stock opened at $64.96 on Wednesday. The firm has a market capitalization of $973.43 million, a price-to-earnings ratio of 24.89, a price-to-earnings-growth ratio of 0.88 and a beta of 0.70. The company has a current ratio of 2.18, a quick ratio of 1.42 and a debt-to-equity ratio of 0.27. Dmc Global has a 12-month low of $30.25 and a 12-month high of $76.68. The firm has a fifty day moving average price of $65.08.
Dmc Global (NASDAQ:BOOM) last released its earnings results on Thursday, April 25th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.28. The business had revenue of $100.10 million for the quarter, compared to analyst estimates of $99.95 million. Dmc Global had a net margin of 11.61% and a return on equity of 30.04%. Dmc Global’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. Equities analysts anticipate that Dmc Global will post 3.69 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Sunday, June 30th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.12%. The ex-dividend date of this dividend is Thursday, June 27th. Dmc Global’s dividend payout ratio (DPR) is currently 3.86%.
In other Dmc Global news, CFO Michael Kuta sold 4,328 shares of Dmc Global stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $70.69, for a total value of $305,946.32. Following the completion of the sale, the chief financial officer now directly owns 90,264 shares of the company’s stock, valued at $6,380,762.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard P. Graff sold 1,000 shares of Dmc Global stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.44, for a total transaction of $65,440.00. Following the completion of the sale, the director now directly owns 32,243 shares of the company’s stock, valued at $2,109,981.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,828 shares of company stock valued at $474,481. Insiders own 4.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of BOOM. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Dmc Global in the first quarter valued at $78,000. Quantamental Technologies LLC increased its stake in Dmc Global by 29.6% in the first quarter. Quantamental Technologies LLC now owns 1,707 shares of the industrial products company’s stock valued at $85,000 after purchasing an additional 390 shares in the last quarter. Legal & General Group Plc increased its stake in Dmc Global by 16.0% in the fourth quarter. Legal & General Group Plc now owns 2,580 shares of the industrial products company’s stock valued at $91,000 after purchasing an additional 356 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Dmc Global by 4,820.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,706 shares of the industrial products company’s stock valued at $92,000 after purchasing an additional 2,651 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new stake in Dmc Global in the first quarter valued at $178,000. 89.34% of the stock is owned by hedge funds and other institutional investors.
Dmc Global Company Profile
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces and sells explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
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