DMC Global (NASDAQ:BOOM) Posts Earnings Results, Misses Expectations By $0.36 EPS

DMC Global (NASDAQ:BOOM) released its quarterly earnings results on Monday. The industrial products company reported ($0.50) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.36), FiscalAI reports. DMC Global had a positive return on equity of 1.89% and a negative net margin of 1.69%.

DMC Global Trading Up 1.9%

DMC Global stock traded up $0.16 during trading hours on Monday, reaching $8.71. 364,873 shares of the company’s stock were exchanged, compared to its average volume of 197,886. The firm’s 50 day simple moving average is $7.77 and its 200 day simple moving average is $7.26. DMC Global has a twelve month low of $5.46 and a twelve month high of $9.92. The company has a quick ratio of 1.41, a current ratio of 2.76 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $179.34 million, a PE ratio of -18.53 and a beta of 1.57.

Insider Activity at DMC Global

In related news, insider James Schladen sold 17,718 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $6.00, for a total transaction of $106,308.00. Following the completion of the sale, the insider owned 532,958 shares of the company’s stock, valued at $3,197,748. This trade represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On DMC Global

A number of institutional investors and hedge funds have recently modified their holdings of BOOM. Barclays PLC boosted its position in shares of DMC Global by 5.6% during the 4th quarter. Barclays PLC now owns 36,964 shares of the industrial products company’s stock worth $247,000 after purchasing an additional 1,969 shares in the last quarter. Engineers Gate Manager LP acquired a new position in DMC Global during the 2nd quarter worth approximately $233,000. Jane Street Group LLC raised its stake in DMC Global by 102.5% during the 1st quarter. Jane Street Group LLC now owns 27,384 shares of the industrial products company’s stock worth $231,000 after buying an additional 13,864 shares during the period. AQR Capital Management LLC bought a new position in DMC Global in the first quarter worth approximately $214,000. Finally, Marshall Wace LLP grew its stake in DMC Global by 61.3% in the second quarter. Marshall Wace LLP now owns 26,138 shares of the industrial products company’s stock valued at $211,000 after acquiring an additional 9,938 shares during the period. 77.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on BOOM shares. Zacks Research upgraded shares of DMC Global from a “strong sell” rating to a “hold” rating in a research report on Monday, January 5th. Weiss Ratings reissued a “sell (e+)” rating on shares of DMC Global in a research note on Monday, December 29th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $8.50.

About DMC Global

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.