Thrivent Financial for Lutherans boosted its holdings in Dmc Global Inc (NASDAQ:BOOM) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,275 shares of the industrial products company’s stock after purchasing an additional 613 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Dmc Global were worth $282,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in BOOM. Nuveen Asset Management LLC lifted its stake in shares of Dmc Global by 0.6% in the fourth quarter. Nuveen Asset Management LLC now owns 66,152 shares of the industrial products company’s stock valued at $2,972,000 after buying an additional 412 shares in the last quarter. Comerica Bank boosted its stake in Dmc Global by 3.1% during the 1st quarter. Comerica Bank now owns 14,176 shares of the industrial products company’s stock valued at $352,000 after purchasing an additional 428 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Dmc Global by 4.7% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,014 shares of the industrial products company’s stock valued at $299,000 after purchasing an additional 585 shares during the last quarter. WINTON GROUP Ltd increased its holdings in Dmc Global by 0.8% during the 1st quarter. WINTON GROUP Ltd now owns 118,102 shares of the industrial products company’s stock worth $2,718,000 after purchasing an additional 947 shares in the last quarter. Finally, First Bank & Trust raised its stake in shares of Dmc Global by 175.9% in the first quarter. First Bank & Trust now owns 1,490 shares of the industrial products company’s stock worth $34,000 after purchasing an additional 950 shares during the last quarter.
BOOM has been the subject of a number of analyst reports. BidaskClub raised Dmc Global from a “sell” rating to a “hold” rating in a research report on Tuesday, June 9th. ValuEngine upgraded shares of Dmc Global from a “sell” rating to a “hold” rating in a report on Friday, March 13th. Roth Capital downgraded shares of Dmc Global from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $30.00 in a research report on Monday, March 9th. Stifel Nicolaus dropped their target price on shares of Dmc Global from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Finally, Stephens upped their target price on Dmc Global from $27.00 to $32.00 and gave the company an “overweight” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $46.40.
Shares of BOOM stock opened at $27.60 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 2.19 and a debt-to-equity ratio of 0.06. The firm has a market cap of $398.43 million, a P/E ratio of 8.80, a PEG ratio of 4.82 and a beta of 1.10. The company has a 50 day moving average of $29.07 and a 200-day moving average of $33.61. Dmc Global Inc has a 12-month low of $20.15 and a 12-month high of $66.76.
Dmc Global (NASDAQ:BOOM) last released its earnings results on Thursday, April 23rd. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.05). Dmc Global had a return on equity of 27.05% and a net margin of 6.21%. The firm had revenue of $73.56 million during the quarter, compared to analysts’ expectations of $72.87 million. During the same period in the prior year, the business earned $1.02 earnings per share. The business’s quarterly revenue was down 26.5% compared to the same quarter last year. As a group, equities analysts expect that Dmc Global Inc will post 0.28 EPS for the current year.
Dmc Global 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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