DMC Global (NASDAQ:BOOM) Price Target Raised to $9.50

DMC Global (NASDAQ:BOOM) had its price objective increased by Stifel Nicolaus from $8.00 to $9.50 in a research report released on Wednesday,Benzinga reports. The brokerage currently has a hold rating on the industrial products company’s stock.

Separately, StockNews.com upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a research report on Wednesday.

DMC Global Stock Down 0.1 %

Shares of NASDAQ:BOOM opened at $8.48 on Wednesday. DMC Global has a 52-week low of $6.64 and a 52-week high of $19.72. The company has a market capitalization of $169.82 million, a PE ratio of -1.07 and a beta of 1.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. The company has a fifty day moving average of $7.86 and a 200-day moving average of $9.57.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings data on Monday, February 24th. The industrial products company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.38. The business had revenue of $152.37 million for the quarter, compared to analyst estimates of $140.50 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. On average, equities analysts predict that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Olympiad Research LP lifted its stake in shares of DMC Global by 121.8% in the third quarter. Olympiad Research LP now owns 38,314 shares of the industrial products company’s stock worth $497,000 after acquiring an additional 21,037 shares during the period. Los Angeles Capital Management LLC raised its holdings in DMC Global by 5.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 1,120 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of DMC Global by 115.8% in the 3rd quarter. Victory Capital Management Inc. now owns 22,217 shares of the industrial products company’s stock worth $288,000 after purchasing an additional 11,924 shares during the period. Empowered Funds LLC boosted its stake in shares of DMC Global by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 91,011 shares of the industrial products company’s stock valued at $1,181,000 after purchasing an additional 4,556 shares during the last quarter. Finally, Quest Partners LLC boosted its stake in shares of DMC Global by 25.7% in the 3rd quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 1,373 shares during the last quarter. 77.63% of the stock is owned by institutional investors and hedge funds.

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.