A number of other research analysts have also issued reports on the company. Stifel Nicolaus reiterated a buy rating and set a $170.00 price target on shares of Spotify in a research report on Friday, April 26th. Roth Capital boosted their price target on Broadwind Energy from $2.50 to $2.75 and gave the stock a buy rating in a research report on Monday, April 29th. Chardan Capital set a $79.00 price target on Dmc Global and gave the stock a buy rating in a research report on Wednesday, April 10th. BidaskClub lowered Vertex Pharmaceuticals from a buy rating to a hold rating in a research report on Tuesday, July 9th. Finally, Zacks Investment Research lowered EXACT Sciences from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $67.33.
Shares of BOOM stock opened at $64.96 on Thursday. The company has a quick ratio of 1.42, a current ratio of 2.18 and a debt-to-equity ratio of 0.27. Dmc Global has a 1 year low of $30.25 and a 1 year high of $76.68. The stock’s fifty day simple moving average is $65.08. The firm has a market cap of $973.43 million, a price-to-earnings ratio of 24.89, a PEG ratio of 0.88 and a beta of 0.70.
Dmc Global (NASDAQ:BOOM) last announced its quarterly earnings results on Thursday, April 25th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.28. Dmc Global had a return on equity of 30.04% and a net margin of 11.61%. The company had revenue of $100.10 million during the quarter, compared to analyst estimates of $99.95 million. During the same quarter in the previous year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 48.7% on a year-over-year basis. As a group, analysts predict that Dmc Global will post 3.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Sunday, June 30th will be issued a $0.02 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. Dmc Global’s dividend payout ratio (DPR) is 3.86%.
In other news, Director Richard P. Graff sold 1,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.44, for a total value of $65,440.00. Following the completion of the sale, the director now owns 32,243 shares in the company, valued at $2,109,981.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ian Grieves sold 1,500 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $68.73, for a total value of $103,095.00. Following the completion of the sale, the insider now owns 26,988 shares of the company’s stock, valued at approximately $1,854,885.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,828 shares of company stock valued at $474,481. Insiders own 4.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in BOOM. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Dmc Global in the first quarter valued at $78,000. Quantamental Technologies LLC lifted its holdings in shares of Dmc Global by 29.6% in the first quarter. Quantamental Technologies LLC now owns 1,707 shares of the industrial products company’s stock valued at $85,000 after buying an additional 390 shares during the period. Legal & General Group Plc lifted its holdings in shares of Dmc Global by 16.0% in the fourth quarter. Legal & General Group Plc now owns 2,580 shares of the industrial products company’s stock valued at $91,000 after buying an additional 356 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Dmc Global by 4,820.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 2,706 shares of the industrial products company’s stock valued at $92,000 after buying an additional 2,651 shares during the period. Finally, Victory Capital Management Inc. acquired a new stake in shares of Dmc Global in the first quarter valued at $178,000. Institutional investors and hedge funds own 89.34% of the company’s stock.
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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