DMC Global (NASDAQ:BOOM) PT Lowered to $19.00 at Stifel Nicolaus

DMC Global (NASDAQ:BOOM) had its price objective cut by Stifel Nicolaus from $24.00 to $19.00 in a research note published on Monday, Benzinga reports. They currently have a buy rating on the industrial products company’s stock.

Other analysts have also issued reports about the stock. StockNews.com lowered shares of DMC Global from a buy rating to a hold rating in a research note on Monday, May 6th. Roth Mkm reissued a buy rating and set a $24.00 price target on shares of DMC Global in a research report on Wednesday, July 31st.

DMC Global Price Performance

BOOM stock opened at $11.90 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.12 and a current ratio of 2.54. The firm has a 50 day moving average price of $13.63 and a 200-day moving average price of $15.63. DMC Global has a 52-week low of $11.12 and a 52-week high of $27.16. The firm has a market capitalization of $237.79 million, a price-to-earnings ratio of 9.75 and a beta of 1.66.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.16. DMC Global had a return on equity of 6.09% and a net margin of 2.29%. The business had revenue of $171.18 million during the quarter, compared to analysts’ expectations of $165.45 million. During the same quarter in the previous year, the business earned $0.72 earnings per share. Equities research analysts forecast that DMC Global will post 0.97 EPS for the current fiscal year.

Institutional Investors Weigh In On DMC Global

Several large investors have recently bought and sold shares of BOOM. SG Americas Securities LLC boosted its holdings in shares of DMC Global by 31.5% during the 4th quarter. SG Americas Securities LLC now owns 9,312 shares of the industrial products company’s stock valued at $175,000 after acquiring an additional 2,228 shares during the last quarter. Cerity Partners LLC bought a new stake in DMC Global in the 4th quarter worth approximately $10,378,000. Cooke & Bieler LP raised its stake in DMC Global by 2.1% during the 4th quarter. Cooke & Bieler LP now owns 1,871,028 shares of the industrial products company’s stock valued at $35,213,000 after buying an additional 38,606 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of DMC Global by 2.6% during the 4th quarter. New York State Common Retirement Fund now owns 36,318 shares of the industrial products company’s stock valued at $684,000 after buying an additional 907 shares during the period. Finally, Russell Investments Group Ltd. lifted its holdings in shares of DMC Global by 32.9% during the 4th quarter. Russell Investments Group Ltd. now owns 67,683 shares of the industrial products company’s stock valued at $1,274,000 after buying an additional 16,764 shares during the period. 77.63% of the stock is currently owned by institutional investors.

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.