Stifel Nicolaus Trims DMC Global (NASDAQ:BOOM) Target Price to $24.00

DMC Global (NASDAQ:BOOM) had its target price reduced by Stifel Nicolaus from $27.00 to $24.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the industrial products company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 83.63% from the company’s current price.

Separately, StockNews.com upgraded shares of DMC Global from a “hold” rating to a “buy” rating in a research note on Thursday, April 4th.

DMC Global Stock Down 4.2 %

Shares of NASDAQ BOOM traded down $0.57 during midday trading on Monday, reaching $13.07. 363,379 shares of the company’s stock were exchanged, compared to its average volume of 244,734. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.12 and a current ratio of 2.54. DMC Global has a 52-week low of $12.97 and a 52-week high of $27.16. The business’s fifty day moving average price is $17.57 and its two-hundred day moving average price is $17.50. The stock has a market capitalization of $261.14 million, a PE ratio of 10.75 and a beta of 1.59.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.07). The business had revenue of $174.04 million for the quarter, compared to analysts’ expectations of $170.80 million. DMC Global had a return on equity of 8.21% and a net margin of 3.61%. During the same quarter in the prior year, the firm earned $0.22 earnings per share. Analysts forecast that DMC Global will post 1.5 EPS for the current year.

Institutional Investors Weigh In On DMC Global

Institutional investors have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in DMC Global during the first quarter worth $26,000. PNC Financial Services Group Inc. raised its holdings in shares of DMC Global by 82.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 606 shares during the period. New York State Teachers Retirement System bought a new position in shares of DMC Global in the 3rd quarter worth about $42,000. Covestor Ltd bought a new position in shares of DMC Global in the 3rd quarter worth about $50,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of DMC Global by 722.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company’s stock valued at $75,000 after buying an additional 3,488 shares during the period. 77.63% of the stock is currently owned by institutional investors.

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.