Dynamic Materials Corp. (NASDAQ:BOOM) Director Yvon Pierre Cariou sold 9,935 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $21.89, for a total value of $217,477.15. Following the completion of the transaction, the director now owns 207,313 shares of the company’s stock, valued at approximately $4,538,081.57. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Dynamic Materials Corp. (NASDAQ:BOOM) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.13. Dynamic Materials Corp. had a negative net margin of 10.69% and a negative return on equity of 1.20%. The business had revenue of $52.16 million during the quarter, compared to analysts’ expectations of $46.25 million. During the same period in the prior year, the company earned ($0.19) earnings per share. The business’s revenue was up 42.7% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were issued a $0.02 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.37%. Dynamic Materials Corp.’s payout ratio is -6.01%.

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Several large investors have recently made changes to their positions in the company. Rice Hall James & Associates LLC purchased a new stake in shares of Dynamic Materials Corp. in the third quarter valued at about $939,000. Nationwide Fund Advisors raised its holdings in shares of Dynamic Materials Corp. by 22.7% in the third quarter. Nationwide Fund Advisors now owns 106,789 shares of the industrial products company’s stock valued at $1,805,000 after buying an additional 19,721 shares during the last quarter. State Street Corp raised its holdings in shares of Dynamic Materials Corp. by 7.3% in the second quarter. State Street Corp now owns 211,940 shares of the industrial products company’s stock valued at $2,777,000 after buying an additional 14,471 shares during the last quarter. Fred Alger Management Inc. raised its holdings in shares of Dynamic Materials Corp. by 11.7% in the second quarter. Fred Alger Management Inc. now owns 431,868 shares of the industrial products company’s stock valued at $5,657,000 after buying an additional 45,367 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Dynamic Materials Corp. by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 726,083 shares of the industrial products company’s stock valued at $9,512,000 after buying an additional 53,899 shares during the last quarter. 86.15% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the company. Zacks Investment Research upgraded Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine upgraded Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Roth Capital set a $22.00 target price on Dynamic Materials Corp. and gave the stock a “buy” rating in a research note on Tuesday, October 24th.

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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