StockNews.com Lowers DMC Global (NASDAQ:BOOM) to Hold

StockNews.com lowered shares of DMC Global (NASDAQ:BOOM) from a buy rating to a hold rating in a research report released on Monday.

Separately, Stifel Nicolaus cut their target price on shares of DMC Global from $27.00 to $24.00 and set a buy rating on the stock in a report on Monday.

DMC Global Trading Down 3.2 %

NASDAQ BOOM opened at $13.20 on Monday. DMC Global has a 12 month low of $12.97 and a 12 month high of $27.16. The company has a market capitalization of $263.74 million, a price-to-earnings ratio of 10.82 and a beta of 1.59. 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 firm’s fifty day moving average price is $17.50 and its 200 day moving average price is $17.45.

DMC Global (NASDAQ:BOOM) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.07). The firm had revenue of $174.04 million during the quarter, compared to analyst estimates of $170.80 million. DMC Global had a net margin of 3.61% and a return on equity of 8.21%. During the same period last year, the company earned $0.22 earnings per share. On average, sell-side 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 have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in shares of DMC Global by 82.2% in the 4th 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 during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in DMC Global in the 1st quarter valued at $26,000. New York State Teachers Retirement System purchased a new position in DMC Global in the 3rd quarter valued at $42,000. Covestor Ltd purchased a new position in DMC Global during the 3rd quarter worth $50,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of DMC Global by 722.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company’s stock valued at $75,000 after acquiring an additional 3,488 shares in the last quarter. 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.