BOOM has been the topic of a number of other reports. Zacks Investment Research lowered Dmc Global from a buy rating to a hold rating in a research report on Thursday, December 27th. ValuEngine raised Dmc Global from a hold rating to a buy rating in a research report on Saturday, February 23rd. BidaskClub raised Dmc Global from a sell rating to a hold rating in a research report on Tuesday, December 4th. Stephens initiated coverage on Dmc Global in a research report on Wednesday, January 9th. They set an overweight rating and a $50.00 target price on the stock. Finally, Sidoti set a $49.00 target price on Dmc Global and gave the stock a buy rating in a research report on Friday, February 22nd. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $52.00.
Shares of NASDAQ BOOM traded down $2.50 during midday trading on Friday, reaching $48.01. 108,252 shares of the company’s stock were exchanged, compared to its average volume of 169,181. Dmc Global has a 52-week low of $24.95 and a 52-week high of $52.04. The firm has a market cap of $752.74 million, a price-to-earnings ratio of 23.19, a PEG ratio of 0.99 and a beta of 0.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.26 and a current ratio of 2.05.
Dmc Global (NASDAQ:BOOM) last announced its earnings results on Thursday, February 21st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.10. Dmc Global had a return on equity of 25.65% and a net margin of 9.34%. The business had revenue of $90.30 million for the quarter, compared to analyst estimates of $82.39 million. During the same period in the previous year, the company earned $0.09 earnings per share. The company’s revenue for the quarter was up 65.7% compared to the same quarter last year. As a group, research analysts predict that Dmc Global will post 2.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 16th. Stockholders of record on Sunday, March 31st will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date is Thursday, March 28th. Dmc Global’s payout ratio is 3.86%.
In related news, Director Yvon Pierre Cariou sold 17,393 shares of Dmc Global stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $46.71, for a total value of $812,427.03. Following the completion of the transaction, the director now directly owns 129,135 shares in the company, valued at $6,031,895.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.20% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of BOOM. Ashford Capital Management Inc. acquired a new position in Dmc Global in the fourth quarter worth about $13,562,000. Norges Bank acquired a new position in Dmc Global in the fourth quarter worth about $4,470,000. Renaissance Technologies LLC grew its stake in Dmc Global by 32.4% in the third quarter. Renaissance Technologies LLC now owns 407,968 shares of the industrial products company’s stock worth $16,645,000 after purchasing an additional 99,868 shares in the last quarter. Manatuck Hill Partners LLC grew its stake in Dmc Global by 41.0% in the third quarter. Manatuck Hill Partners LLC now owns 257,979 shares of the industrial products company’s stock worth $10,526,000 after purchasing an additional 75,000 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Dmc Global by 935.0% in the fourth quarter. Mackenzie Financial Corp now owns 82,798 shares of the industrial products company’s stock worth $2,908,000 after purchasing an additional 74,798 shares in the last quarter. Institutional investors and hedge funds own 88.20% of the company’s stock.
About Dmc Global
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.
See Also: Book Value Per Share – BVPS
Receive News & Ratings for Dmc Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dmc Global and related companies with MarketBeat.com's FREE daily email newsletter.