DMC Global (NASDAQ:BOOM) Rating Lowered to Hold at Stifel Nicolaus

DMC Global (NASDAQ:BOOM) was downgraded by analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued on Wednesday,Briefing.com Automated Import reports. They currently have a $8.00 target price on the industrial products company’s stock, down from their prior target price of $16.00. Stifel Nicolaus’ price target indicates a potential upside of 5.96% from the company’s current price.

A number of other analysts also recently issued reports on the company. Roth Mkm reaffirmed a “buy” rating and issued a $24.00 target price on shares of DMC Global in a research report on Wednesday, July 31st. StockNews.com upgraded DMC Global from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th.

DMC Global Trading Down 3.9 %

NASDAQ:BOOM opened at $7.55 on Wednesday. The company has a market cap of $151.20 million, a P/E ratio of -0.96 and a beta of 1.66. DMC Global has a twelve month low of $7.53 and a twelve month high of $19.73. The business has a 50 day moving average price of $11.29 and a two-hundred day moving average price of $12.42. 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 (NASDAQ:BOOM) last announced its earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.40). DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. The business had revenue of $152.43 million for the quarter, compared to analyst estimates of $152.00 million. During the same quarter in the previous year, the company posted $0.50 EPS. As a group, analysts expect that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On DMC Global

Several hedge funds have recently bought and sold shares of BOOM. Price T Rowe Associates Inc. MD increased its position in DMC Global by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 20,145 shares of the industrial products company’s stock worth $393,000 after buying an additional 951 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of DMC Global by 5.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock worth $274,000 after acquiring an additional 1,120 shares during the period. FMR LLC increased its holdings in shares of DMC Global by 146.1% during the 3rd quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 1,334 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of DMC Global during the 1st quarter worth approximately $26,000. Finally, Quest Partners LLC raised its stake in DMC Global by 25.7% in the 3rd quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 1,373 shares during the period. 77.63% of the stock is currently owned by institutional investors and hedge funds.

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.