Dynamic Materials (NASDAQ:BOOM) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

BOOM has been the topic of several other reports. Zacks Investment Research upgraded shares of Dynamic Materials from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research report on Monday, October 30th. Roth Capital set a $22.00 price objective on shares of Dynamic Materials and gave the stock a “buy” rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $23.00.

Dynamic Materials (BOOM) traded down $1.25 during trading on Friday, hitting $21.10. 40,066 shares of the company traded hands, compared to its average volume of 68,511. Dynamic Materials has a 1-year low of $11.60 and a 1-year high of $23.27. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.80 and a current ratio of 2.76.

Dynamic Materials (NASDAQ:BOOM) last released its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.09 by $0.13. Dynamic Materials 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 for the quarter, compared to analyst estimates of $46.25 million. During the same period in the previous year, the firm earned ($0.19) EPS. The business’s revenue for the quarter was up 42.7% compared to the same quarter last year. analysts forecast that Dynamic Materials will post 0.21 EPS for the current fiscal year.

In related news, Director Yvon Pierre Cariou sold 15,065 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $21.15, for a total value of $318,624.75. Following the completion of the transaction, the director now owns 199,414 shares of the company’s stock, valued at approximately $4,217,606.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kevin T. Longe sold 3,642 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $21.50, for a total transaction of $78,303.00. Following the completion of the transaction, the insider now directly owns 225,089 shares of the company’s stock, valued at approximately $4,839,413.50. The disclosure for this sale can be found here. Insiders sold a total of 28,642 shares of company stock valued at $614,405 in the last three months. 5.10% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers raised its stake in Dynamic Materials by 7.6% in the 2nd quarter. Rhumbline Advisers now owns 16,468 shares of the industrial products company’s stock valued at $216,000 after purchasing an additional 1,170 shares during the last quarter. Wells Fargo & Company MN raised its stake in Dynamic Materials by 52.7% in the 3rd quarter. Wells Fargo & Company MN now owns 18,265 shares of the industrial products company’s stock valued at $309,000 after purchasing an additional 6,306 shares during the last quarter. Strs Ohio increased its stake in shares of Dynamic Materials by 6.0% during the 2nd quarter. Strs Ohio now owns 22,900 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 1,300 shares during the last quarter. Teachers Advisors LLC increased its stake in shares of Dynamic Materials by 6.8% during the 2nd quarter. Teachers Advisors LLC now owns 25,019 shares of the industrial products company’s stock valued at $328,000 after acquiring an additional 1,588 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new position in shares of Dynamic Materials during the 3rd quarter valued at about $939,000. 86.44% of the stock is owned by hedge funds and other institutional investors.

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Dynamic Materials Company Profile

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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