DMC Global (NASDAQ:BOOM) Price Target Cut to $24.00

DMC Global (NASDAQ:BOOM) had its price objective decreased by Stifel Nicolaus from $27.00 to $24.00 in a research report sent to investors on Monday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Separately, StockNews.com raised shares of DMC Global from a hold rating to a buy rating in a research note on Thursday, April 4th.

DMC Global Stock Performance

NASDAQ:BOOM opened at $13.70 on Monday. The firm has a 50-day moving average of $17.28 and a two-hundred day moving average of $17.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.54 and a quick ratio of 1.12. The stock has a market cap of $273.73 million, a P/E ratio of 11.23 and a beta of 1.59. DMC Global has a 1-year low of $12.96 and a 1-year high of $27.16.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.07). DMC Global had a net margin of 3.61% and a return on equity of 8.21%. The firm had revenue of $174.04 million during the quarter, compared to the consensus estimate of $170.80 million. During the same quarter last year, the firm posted $0.22 earnings per share. On average, research analysts expect that DMC Global will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DMC Global

Several institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its position in DMC Global by 82.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 606 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of DMC Global by 1.8% in the third quarter. New York State Common Retirement Fund now owns 35,411 shares of the industrial products company’s stock worth $867,000 after acquiring an additional 641 shares during the last quarter. Rice Hall James & Associates LLC raised its holdings in shares of DMC Global by 0.7% during the first quarter. Rice Hall James & Associates LLC now owns 110,970 shares of the industrial products company’s stock worth $2,163,000 after acquiring an additional 757 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in DMC Global by 1.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 110,635 shares of the industrial products company’s stock valued at $2,082,000 after purchasing an additional 1,068 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in DMC Global in the first quarter valued at about $26,000. Hedge funds and other institutional investors own 77.63% of the company’s stock.

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.