DMC Global (NASDAQ:BOOM) Price Target Cut to $8.50 by Analysts at Stifel Nicolaus

DMC Global (NASDAQ:BOOM) had its price target cut by Stifel Nicolaus from $9.00 to $8.50 in a research note published on Monday,Benzinga reports. They currently have a hold rating on the industrial products company’s stock.

Separately, StockNews.com raised DMC Global from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th.

DMC Global Trading Down 5.3 %

Shares of BOOM opened at $6.99 on Monday. The business’s 50-day moving average price is $7.52 and its 200-day moving average price is $7.95. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. DMC Global has a twelve month low of $6.02 and a twelve month high of $15.14. The stock has a market cap of $143.65 million, a PE ratio of -0.89 and a beta of 1.47.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings results on Thursday, May 1st. The industrial products company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.08) by $0.19. The firm had revenue of $159.29 million during the quarter, compared to the consensus estimate of $149.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. On average, equities analysts forecast that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of DMC Global by 92.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company’s stock valued at $1,236,000 after buying an additional 45,722 shares in the last quarter. Barclays PLC lifted its holdings in shares of DMC Global by 291.0% in the 3rd quarter. Barclays PLC now owns 26,741 shares of the industrial products company’s stock worth $347,000 after acquiring an additional 19,901 shares during the last quarter. Hunter Associates Investment Management LLC boosted its stake in shares of DMC Global by 19.1% in the 4th quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock valued at $3,078,000 after purchasing an additional 67,410 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of DMC Global by 7.4% during the 4th quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company’s stock valued at $175,000 after purchasing an additional 1,654 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in DMC Global by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company’s stock worth $3,276,000 after purchasing an additional 2,339 shares during the period. Institutional investors own 77.63% of the company’s stock.

About DMC Global

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.