Dynamic Materials Corp. (BOOM) Trading 4.5% Higher
Dynamic Materials Corp. (NASDAQ:BOOM) shares traded up 4.5% during trading on Wednesday . The company traded as high as $10.51 and last traded at $10.45, with a volume of 94,597 shares trading hands. The stock had previously closed at $10.00.
A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Sidoti downgraded shares of Dynamic Materials Corp. from a “buy” rating to a “neutral” rating in a research report on Friday, June 10th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.67.
The company’s market capitalization is $151.23 million. The company has a 50 day moving average of $11.03 and a 200 day moving average of $9.70.
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Dynamic Materials Corp. (NASDAQ:BOOM) last released its earnings results on Thursday, July 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by $0.03. Dynamic Materials Corp. had a negative net margin of 13.15% and a negative return on equity of 6.15%. The company had revenue of $41.30 million for the quarter, compared to analyst estimates of $41.29 million. During the same quarter in the previous year, the firm earned ($0.03) EPS. The firm’s revenue was down 7.6% on a year-over-year basis. On average, analysts forecast that Dynamic Materials Corp. will post ($0.21) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Friday, September 30th will be given a dividend of $0.02 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.77%. Dynamic Materials Corp.’s payout ratio is presently -5.23%.
In related news, insider Kevin T. Longe sold 12,500 shares of the business’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $11.70, for a total transaction of $146,250.00. Following the transaction, the insider now owns 90,750 shares in the company, valued at approximately $1,061,775. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.70% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Investment Management LLC increased its position in Dynamic Materials Corp. by 2,083.4% in the second quarter. BlackRock Investment Management LLC now owns 54,977 shares of the company’s stock valued at $591,000 after buying an additional 52,459 shares during the last quarter. Vanguard Group Inc. increased its position in Dynamic Materials Corp. by 6.2% in the second quarter. Vanguard Group Inc. now owns 545,295 shares of the company’s stock valued at $5,862,000 after buying an additional 31,843 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Dynamic Materials Corp. by 6.4% in the second quarter. Dimensional Fund Advisors LP now owns 548,392 shares of the company’s stock valued at $5,895,000 after buying an additional 32,885 shares during the last quarter. Nationwide Fund Advisors increased its position in Dynamic Materials Corp. by 10.4% in the second quarter. Nationwide Fund Advisors now owns 89,403 shares of the company’s stock valued at $961,000 after buying an additional 8,394 shares during the last quarter. Finally, Heartland Advisors Inc. increased its position in Dynamic Materials Corp. by 67.4% in the second quarter. Heartland Advisors Inc. now owns 1,004,619 shares of the company’s stock valued at $10,800,000 after buying an additional 404,619 shares during the last quarter. Institutional investors own 90.17% of the company’s stock.
Dynamic Materials Corp. Company Profile
Dynamic Materials Corporation operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s segments are NobelClad and DynaEnergetics. The NobelClad segment is engaged in the production of explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints.
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