Dmc Global Inc (NASDAQ:BOOM) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $69.25.
BOOM has been the subject of a number of analyst reports. Stifel Nicolaus set a $73.00 price objective on Dmc Global and gave the company a “buy” rating in a report on Friday, April 26th. Roth Capital set a $50.00 price objective on Dmc Global and gave the company a “buy” rating in a report on Friday, March 22nd. BidaskClub cut Dmc Global from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. Chardan Capital set a $79.00 target price on Dmc Global and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Zacks Investment Research lowered Dmc Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 10th.
Shares of NASDAQ BOOM opened at $60.12 on Thursday. The company has a market capitalization of $900.90 million, a PE ratio of 23.03, a PEG ratio of 0.81 and a beta of 0.70. The firm’s fifty day moving average is $66.22. Dmc Global has a 52-week low of $30.25 and a 52-week high of $76.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 2.18.
Dmc Global (NASDAQ:BOOM) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.28. The company had revenue of $100.10 million during the quarter, compared to analysts’ expectations of $99.95 million. Dmc Global had a return on equity of 30.04% and a net margin of 11.61%. The business’s revenue was up 48.7% on a year-over-year basis. During the same period last year, the business earned $0.49 earnings per share. Equities analysts forecast that Dmc Global will post 3.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Sunday, June 30th will be paid a $0.02 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.13%. Dmc Global’s dividend payout ratio (DPR) is presently 3.86%.
In other news, insider Ian Grieves sold 1,500 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $68.73, for a total value of $103,095.00. Following the completion of the sale, the insider now directly owns 26,988 shares in the company, valued at $1,854,885.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michael Kuta sold 4,328 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $70.69, for a total value of $305,946.32. Following the completion of the sale, the chief financial officer now owns 90,264 shares of the company’s stock, valued at $6,380,762.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,828 shares of company stock valued at $474,481. 4.40% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Dmc Global in the first quarter worth about $78,000. Quantamental Technologies LLC increased its position in Dmc Global by 29.6% in the first quarter. Quantamental Technologies LLC now owns 1,707 shares of the industrial products company’s stock worth $85,000 after purchasing an additional 390 shares during the period. Legal & General Group Plc increased its position in Dmc Global by 16.0% in the fourth quarter. Legal & General Group Plc now owns 2,580 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 356 shares during the period. Great West Life Assurance Co. Can increased its position in Dmc Global by 4,820.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,706 shares of the industrial products company’s stock worth $92,000 after purchasing an additional 2,651 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in Dmc Global in the first quarter worth about $178,000. Hedge funds and other institutional investors own 89.34% of the company’s stock.
About Dmc Global
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces and sells explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
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