Chartwell Investment Partners LLC acquired a new position in Dmc Global Inc (NASDAQ:BOOM) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 35,250 shares of the industrial products company’s stock, valued at approximately $1,750,000.
Several other hedge funds have also modified their holdings of the company. Legal & General Group Plc grew its position in shares of Dmc Global by 16.0% in the 4th quarter. Legal & General Group Plc now owns 2,580 shares of the industrial products company’s stock worth $91,000 after buying an additional 356 shares during the last quarter. Quantamental Technologies LLC purchased a new position in shares of Dmc Global in the 4th quarter valued at approximately $46,000. Teachers Advisors LLC lifted its stake in shares of Dmc Global by 8.3% in the 3rd quarter. Teachers Advisors LLC now owns 27,080 shares of the industrial products company’s stock valued at $1,105,000 after purchasing an additional 2,078 shares during the period. Northern Trust Corp lifted its stake in shares of Dmc Global by 1.3% in the 4th quarter. Northern Trust Corp now owns 180,384 shares of the industrial products company’s stock valued at $6,335,000 after purchasing an additional 2,296 shares during the period. Finally, Group One Trading L.P. purchased a new position in shares of Dmc Global in the 4th quarter valued at approximately $92,000. Hedge funds and other institutional investors own 88.58% of the company’s stock.
A number of brokerages have issued reports on BOOM. BidaskClub upgraded Dmc Global from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. Zacks Investment Research cut Dmc Global from a “buy” rating to a “hold” rating in a research note on Monday, January 21st. Roth Capital lifted their price objective on Dmc Global from $50.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Chardan Capital set a $79.00 price objective on Dmc Global and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Stifel Nicolaus lifted their price objective on Dmc Global from $53.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, April 8th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Dmc Global presently has an average rating of “Buy” and a consensus price target of $61.50.
In other Dmc Global news, Director Yvon Pierre Cariou sold 17,393 shares of Dmc Global stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $46.71, for a total transaction of $812,427.03. Following the completion of the transaction, the director now owns 129,135 shares in the company, valued at $6,031,895.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.40% of the stock is currently owned by insiders.
Shares of NASDAQ:BOOM opened at $69.03 on Tuesday. The firm has a market cap of $974.35 million, a price-to-earnings ratio of 33.35, a P/E/G ratio of 1.00 and a beta of 0.66. Dmc Global Inc has a 12-month low of $28.30 and a 12-month high of $69.90. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.05 and a quick ratio of 1.26.
Dmc Global (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. The business had revenue of $90.30 million during the quarter, compared to analysts’ expectations of $82.39 million. Dmc Global had a return on equity of 25.65% and a net margin of 9.34%. The firm’s quarterly revenue was up 65.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.09 earnings per share. As a group, research analysts anticipate that Dmc Global Inc will post 3.32 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 16th. Shareholders of record on Sunday, March 31st will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date of this dividend is Thursday, March 28th. Dmc Global’s payout ratio is 3.86%.
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Dmc Global Company Profile
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The 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, industrial refrigeration, and other industries.
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