Stifel Nicolaus Lowers DMC Global (NASDAQ:BOOM) Price Target to $16.00

DMC Global (NASDAQ:BOOM) had its price target reduced by Stifel Nicolaus from $17.00 to $16.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 18.78% from the company’s previous close.

Separately, Roth Mkm reiterated a “buy” rating and set a $24.00 price target on shares of DMC Global in a research report on Wednesday, July 31st.

DMC Global Price Performance

Shares of NASDAQ BOOM opened at $13.47 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $269.94 million, a price-to-earnings ratio of 17.72 and a beta of 1.63. DMC Global has a twelve month low of $10.45 and a twelve month high of $22.28. The business has a 50 day simple moving average of $12.09 and a 200-day simple moving average of $13.85.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Thursday, August 1st. The industrial products company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.16. DMC Global had a net margin of 2.29% and a return on equity of 6.06%. The company had revenue of $171.18 million for the quarter, compared to analysts’ expectations of $165.45 million. During the same period in the prior year, the company earned $0.72 earnings per share. As a group, equities research analysts expect that DMC Global will post 0.95 earnings per share for the current year.

Institutional Trading of DMC Global

A number of large investors have recently modified their holdings of BOOM. Lakewood Asset Management LLC bought a new position in DMC Global in the 3rd quarter worth about $205,000. Pacific Ridge Capital Partners LLC grew its holdings in DMC Global by 25.9% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock worth $5,656,000 after buying an additional 80,774 shares in the last quarter. AQR Capital Management LLC increased its position in DMC Global by 202.7% in the 2nd quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock valued at $3,642,000 after acquiring an additional 169,150 shares during the period. Squarepoint Ops LLC raised its stake in DMC Global by 30.2% during the 2nd quarter. Squarepoint Ops LLC now owns 111,644 shares of the industrial products company’s stock valued at $1,610,000 after acquiring an additional 25,921 shares in the last quarter. Finally, Gabelli Funds LLC acquired a new position in DMC Global during the 2nd quarter worth $224,000. Institutional investors and hedge funds own 77.63% of the company’s stock.

About DMC Global

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.