Price T Rowe Associates Inc. MD reduced its stake in Dmc Global Inc (NASDAQ:BOOM) by 9.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 27,467 shares of the industrial products company’s stock after selling 2,766 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Dmc Global were worth $1,740,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Cavalier Investments LLC purchased a new stake in Dmc Global in the 2nd quarter worth $1,153,000. Louisiana State Employees Retirement System purchased a new stake in Dmc Global in the 2nd quarter worth $344,000. Trexquant Investment LP purchased a new stake in Dmc Global in the 2nd quarter worth $455,000. Oppenheimer Asset Management Inc. purchased a new stake in Dmc Global in the 2nd quarter worth $870,000. Finally, Great Lakes Advisors LLC purchased a new stake in Dmc Global in the 2nd quarter worth $6,532,000. 89.34% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on BOOM. Sidoti set a $79.00 price target on Dmc Global and gave the stock a “buy” rating in a research note on Friday, September 27th. Zacks Investment Research upgraded Dmc Global from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. BidaskClub upgraded Dmc Global from a “strong sell” rating to a “sell” rating in a research report on Tuesday, October 1st. ValuEngine lowered Dmc Global from a “sell” rating to a “strong sell” rating in a research report on Friday, September 20th. Finally, Chardan Capital restated a “buy” rating and set a $79.00 price objective on shares of Dmc Global in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. Dmc Global has a consensus rating of “Hold” and a consensus price target of $67.83.
Shares of Dmc Global stock opened at $40.49 on Friday. The firm has a market cap of $593.18 million, a price-to-earnings ratio of 19.56, a PEG ratio of 0.55 and a beta of 0.73. The business has a 50-day moving average price of $43.19 and a 200-day moving average price of $56.74. The company has a quick ratio of 1.40, a current ratio of 2.25 and a debt-to-equity ratio of 0.20. Dmc Global Inc has a twelve month low of $30.25 and a twelve month high of $76.68.
Dmc Global (NASDAQ:BOOM) last issued its quarterly earnings data on Thursday, July 25th. The industrial products company reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.29. The firm had revenue of $110.95 million during the quarter, compared to analyst estimates of $104.84 million. Dmc Global had a return on equity of 35.18% and a net margin of 13.51%. The business’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.45 earnings per share. On average, equities analysts expect that Dmc Global Inc will post 3.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.125 per share. This is a positive change from Dmc Global’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, September 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.23%. Dmc Global’s dividend payout ratio (DPR) is presently 24.15%.
About Dmc Global
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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