Dmc Global (NASDAQ:BOOM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Monday. The firm currently has a $29.00 price target on the industrial products company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 6.23% from the stock’s current price.
According to Zacks, “DMC Global Inc. is a technology company. Its operating sector consists of industrial infrastructure and oilfield products and services. Industrial infrastructure sector is served by DMC’s NobelClad business is a manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment. Oilfield products and services sector is served by DynaEnergetics, is a developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. DMC Global Inc. is based in Boulder, Colorado. “
Separately, BidaskClub downgraded Dmc Global from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 4th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $25.50.
Dmc Global (NASDAQ:BOOM) last announced its earnings results on Thursday, March 8th. The industrial products company reported $0.09 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The business had revenue of $54.50 million during the quarter, compared to the consensus estimate of $54.87 million. Dmc Global had a positive return on equity of 1.95% and a negative net margin of 9.78%. The business’s quarterly revenue was up 35.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.15) EPS. equities research analysts anticipate that Dmc Global will post 1.26 EPS for the current year.
Several hedge funds have recently made changes to their positions in BOOM. Teachers Advisors LLC raised its stake in shares of Dmc Global by 6.8% during the 2nd quarter. Teachers Advisors LLC now owns 25,019 shares of the industrial products company’s stock worth $328,000 after buying an additional 1,588 shares during the period. Northern Trust Corp raised its stake in shares of Dmc Global by 2.6% during the 2nd quarter. Northern Trust Corp now owns 155,509 shares of the industrial products company’s stock worth $2,038,000 after buying an additional 3,963 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Dmc Global by 8.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 726,083 shares of the industrial products company’s stock worth $9,512,000 after buying an additional 53,899 shares during the period. State Street Corp raised its stake in shares of Dmc Global by 7.3% during the 2nd quarter. State Street Corp now owns 211,940 shares of the industrial products company’s stock worth $2,777,000 after buying an additional 14,471 shares during the period. Finally, Nationwide Fund Advisors raised its stake in shares of Dmc Global by 22.7% during the 3rd quarter. Nationwide Fund Advisors now owns 106,789 shares of the industrial products company’s stock worth $1,805,000 after buying an additional 19,721 shares during the period. 86.34% of the stock is owned by institutional investors and hedge funds.
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About Dmc Global
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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