DMC Global (NASDAQ:BOOM) Price Target Lowered to $17.00 at Stifel Nicolaus

DMC Global (NASDAQ:BOOM) had its price target trimmed by Stifel Nicolaus from $19.00 to $17.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Separately, Roth Mkm reissued a buy rating and set a $24.00 target price on shares of DMC Global in a research note on Wednesday, July 31st.

DMC Global Stock Down 2.9 %

NASDAQ:BOOM opened at $12.91 on Tuesday. The company’s 50-day simple moving average is $12.41 and its 200-day simple moving average is $14.41. The stock has a market capitalization of $257.97 million, a P/E ratio of 10.66 and a beta of 1.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 2.53. DMC Global has a fifty-two week low of $10.45 and a fifty-two week high of $25.16.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.16. DMC Global had a net margin of 2.29% and a return on equity of 6.06%. The company had revenue of $171.18 million for the quarter, compared to the consensus estimate of $165.45 million. During the same quarter in the prior year, the company earned $0.72 EPS. On average, equities analysts anticipate that DMC Global will post 0.95 earnings per share for the current fiscal year.

Institutional Trading of DMC Global

A number of hedge funds and other institutional investors have recently made changes to their positions in BOOM. PNC Financial Services Group Inc. boosted its position in shares of 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 worth $25,000 after buying an additional 606 shares during the period. Price T Rowe Associates Inc. MD grew its position in DMC Global by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,145 shares of the industrial products company’s stock valued at $393,000 after acquiring an additional 951 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in DMC Global during the first quarter worth about $26,000. Rhumbline Advisers lifted its position in shares of DMC Global by 5.4% during the second quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company’s stock worth $461,000 after purchasing an additional 1,648 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of DMC Global in the second quarter valued at approximately $25,000. Institutional investors and hedge funds own 77.63% of the company’s stock.

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.