Cooke & Bieler LP Grows Stock Holdings in DMC Global Inc. (NASDAQ:BOOM)

Cooke & Bieler LP raised its holdings in DMC Global Inc. (NASDAQ:BOOM) by 2.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,871,028 shares of the industrial products company’s stock after purchasing an additional 38,606 shares during the quarter. Cooke & Bieler LP owned 9.47% of DMC Global worth $35,213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in BOOM. Cerity Partners LLC purchased a new stake in DMC Global in the 4th quarter valued at approximately $10,378,000. Lord Abbett & CO. LLC purchased a new stake in shares of DMC Global during the 3rd quarter worth approximately $4,527,000. Dimensional Fund Advisors LP boosted its stake in shares of DMC Global by 49.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 521,008 shares of the industrial products company’s stock worth $9,253,000 after acquiring an additional 172,452 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in shares of DMC Global during the 3rd quarter worth approximately $3,953,000. Finally, Marshall Wace LLP purchased a new stake in shares of DMC Global during the 3rd quarter worth approximately $2,274,000. Hedge funds and other institutional investors own 77.63% of the company’s stock.

DMC Global Price Performance

Shares of DMC Global stock traded up $0.46 during trading on Friday, hitting $17.02. 121,568 shares of the company were exchanged, compared to its average volume of 135,815. The company has a quick ratio of 1.27, a current ratio of 2.58 and a debt-to-equity ratio of 0.25. DMC Global Inc. has a fifty-two week low of $14.89 and a fifty-two week high of $27.16. The stock has a market capitalization of $336.83 million, a price-to-earnings ratio of 15.76 and a beta of 1.62. The firm has a 50 day moving average price of $17.90 and a 200 day moving average price of $17.93.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.07). The company had revenue of $174.04 million for the quarter, compared to analyst estimates of $170.80 million. DMC Global had a return on equity of 9.14% and a net margin of 3.29%. During the same quarter in the prior year, the firm earned $0.22 earnings per share. On average, equities analysts expect that DMC Global Inc. will post 1.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BOOM has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on DMC Global from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Tuesday, February 27th. StockNews.com raised DMC Global from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th.

DMC Global Company Profile

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.