Dynamic Materials (BOOM) Upgraded at BidaskClub
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.
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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