Dynamic Materials Corp. (NASDAQ:BOOM) has been assigned a $22.00 price target by Roth Capital in a research report issued on Tuesday. The brokerage presently has a “buy” rating on the industrial products company’s stock. Roth Capital’s price objective suggests a potential upside of 21.21% from the stock’s previous close.

Several other research analysts have also issued reports on BOOM. ValuEngine upgraded Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered Dynamic Materials Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st.

Dynamic Materials Corp. (NASDAQ BOOM) traded up 1.11% during midday trading on Tuesday, hitting $18.15. The stock had a trading volume of 89,503 shares. The company’s 50 day moving average price is $16.15 and its 200-day moving average price is $14.08. Dynamic Materials Corp. has a 52 week low of $9.80 and a 52 week high of $18.45. The stock’s market capitalization is $268.08 million.

Dynamic Materials Corp. (NASDAQ:BOOM) last announced its quarterly earnings results on Thursday, July 27th. The industrial products company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $47.20 million for the quarter, compared to analyst estimates of $44.20 million. Dynamic Materials Corp. had a negative return on equity of 6.38% and a negative net margin of 5.01%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) earnings per share.

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In other Dynamic Materials Corp. news, insider Ian Grieves sold 4,743 shares of the stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $13.92, for a total value of $66,022.56. Following the transaction, the insider now owns 15,874 shares in the company, valued at $220,966.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. American International Group Inc. raised its stake in shares of Dynamic Materials Corp. by 7.1% in the first quarter. American International Group Inc. now owns 8,636 shares of the industrial products company’s stock worth $107,000 after purchasing an additional 576 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Dynamic Materials Corp. by 5.0% in the first quarter. Wells Fargo & Company MN now owns 12,449 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 595 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Dynamic Materials Corp. by 7.6% in the second quarter. Rhumbline Advisers now owns 16,468 shares of the industrial products company’s stock worth $216,000 after purchasing an additional 1,170 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Dynamic Materials Corp. in the first quarter worth approximately $243,000. Finally, Cornerstone Capital Management Holdings LLC. raised its stake in shares of Dynamic Materials Corp. by 36.8% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 20,933 shares of the industrial products company’s stock worth $259,000 after purchasing an additional 5,633 shares during the last quarter. 86.02% of the stock is owned by hedge funds and other institutional investors.

About Dynamic Materials Corp.

DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.

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