New York State Common Retirement Fund grew its holdings in DMC Global Inc. (NASDAQ:BOOM) by 0.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 677,474 shares of the industrial products company’s stock after acquiring an additional 1,100 shares during the quarter. New York State Common Retirement Fund owned 4.28% of DMC Global worth $36,760,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of BOOM. BlackRock Inc. boosted its holdings in DMC Global by 7.8% in the first quarter. BlackRock Inc. now owns 2,522,178 shares of the industrial products company’s stock worth $136,855,000 after acquiring an additional 182,968 shares in the last quarter. Wasatch Advisors Inc. lifted its holdings in shares of DMC Global by 8.4% during the first quarter. Wasatch Advisors Inc. now owns 1,529,704 shares of the industrial products company’s stock worth $83,002,000 after purchasing an additional 118,662 shares during the period. Norges Bank acquired a new stake in shares of DMC Global during the fourth quarter worth about $2,816,000. JPMorgan Chase & Co. lifted its holdings in shares of DMC Global by 198.0% during the fourth quarter. JPMorgan Chase & Co. now owns 64,233 shares of the industrial products company’s stock worth $2,777,000 after purchasing an additional 42,681 shares during the period. Finally, Cooke & Bieler LP lifted its holdings in shares of DMC Global by 13.9% during the fourth quarter. Cooke & Bieler LP now owns 342,286 shares of the industrial products company’s stock worth $14,804,000 after purchasing an additional 41,780 shares during the period. 90.67% of the stock is owned by institutional investors and hedge funds.
Shares of BOOM stock opened at $59.52 on Friday. The firm’s 50 day moving average is $54.26. The stock has a market capitalization of $1.11 billion, a PE ratio of -175.05, a P/E/G ratio of 3.86 and a beta of 1.12. DMC Global Inc. has a twelve month low of $24.04 and a twelve month high of $70.00.
A number of equities research analysts recently commented on the company. Stifel Nicolaus lifted their target price on DMC Global from $53.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, February 19th. Zacks Investment Research downgraded DMC Global from a “buy” rating to a “hold” rating in a report on Tuesday, April 27th. Finally, Roth Capital lifted their target price on DMC Global from $34.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, February 17th.
DMC Global Company Profile
DMC Global Inc provides a suite of technical products for the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. Its 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, and industrial refrigeration industries.
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