DMC Global (NASDAQ:BOOM) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of DMC Global (NASDAQ:BOOM) from a sell rating to a hold rating in a report published on Thursday.

A number of other analysts have also commented on the company. Roth Mkm reaffirmed a “buy” rating and issued a $24.00 price target on shares of DMC Global in a research note on Wednesday, July 31st. Stifel Nicolaus dropped their target price on shares of DMC Global from $17.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, October 11th.

DMC Global Price Performance

BOOM stock opened at $8.02 on Thursday. The stock has a market capitalization of $160.64 million, a price-to-earnings ratio of -1.02 and a beta of 1.66. The firm’s 50-day moving average price is $11.41 and its two-hundred day moving average price is $12.53. 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 has a 12-month low of $7.96 and a 12-month high of $19.73.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The business had revenue of $152.43 million for the quarter, compared to analysts’ expectations of $152.00 million. During the same quarter in the prior year, the firm earned $0.50 EPS. As a group, equities analysts predict that DMC Global will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On DMC Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Steel Partners Holdings L.P. grew its holdings in DMC Global by 610.5% in the second quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock worth $28,451,000 after purchasing an additional 1,695,336 shares during the period. AQR Capital Management LLC boosted its position in shares of 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 worth $3,642,000 after purchasing an additional 169,150 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of DMC Global by 11.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock worth $15,219,000 after buying an additional 112,138 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in DMC Global by 25.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock valued at $5,656,000 after buying an additional 80,774 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in DMC Global during the second quarter valued at $1,090,000. 77.63% of the stock is owned by hedge funds and other institutional investors.

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.