Dmc Global (NASDAQ:BOOM) Downgraded to Sell at ValuEngine

ValuEngine downgraded shares of Dmc Global (NASDAQ:BOOM) from a hold rating to a sell rating in a research note released on Thursday, ValuEngine reports.

A number of other research analysts have also recently commented on BOOM. BidaskClub cut shares of Dmc Global from a sell rating to a strong sell rating in a research report on Tuesday, July 9th. Zacks Investment Research cut shares of Dmc Global from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Roth Capital boosted their target price on shares of Dmc Global from $70.00 to $75.00 and gave the stock a buy rating in a research report on Monday, April 29th. Sidoti raised shares of Dmc Global from a neutral rating to a buy rating and set a $76.00 target price on the stock in a research report on Wednesday, July 10th. Finally, Chardan Capital reissued a buy rating and set a $79.00 target price on shares of Dmc Global in a research report on Thursday, July 25th. Three analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. Dmc Global has an average rating of Hold and an average price target of $67.33.

BOOM stock traded down $1.15 during midday trading on Thursday, reaching $48.61. 491,001 shares of the company’s stock traded hands, compared to its average volume of 377,848. The stock’s 50-day simple moving average is $60.54. Dmc Global has a fifty-two week low of $30.25 and a fifty-two week high of $76.68. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.25 and a quick ratio of 1.40. The company has a market cap of $765.11 million, a P/E ratio of 23.48, a P/E/G ratio of 0.71 and a beta of 0.66.

Dmc Global (NASDAQ:BOOM) last posted its earnings results on Thursday, July 25th. The industrial products company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.29. Dmc Global had a net margin of 13.51% and a return on equity of 35.18%. The business had revenue of $110.95 million for the quarter, compared to analysts’ expectations of $104.84 million. During the same period in the previous year, the company posted $0.45 earnings per share. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. Equities analysts expect that Dmc Global will post 3.67 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Investors of record on Sunday, June 30th were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.08 annualized dividend and a yield of 0.16%. Dmc Global’s dividend payout ratio is presently 3.86%.

In related news, Director Richard P. Graff sold 1,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $65.44, for a total value of $65,440.00. Following the sale, the director now directly owns 32,243 shares of the company’s stock, valued at $2,109,981.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 4.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BOOM. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Dmc Global in the first quarter valued at $78,000. Quantamental Technologies LLC raised its holdings in 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 acquiring an additional 390 shares in the last quarter. Legal & General Group Plc raised its holdings in 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 acquiring an additional 356 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Dmc Global by 4,820.0% during 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 purchasing an additional 2,651 shares during the last quarter. Finally, Advisor Group Inc. increased its stake in Dmc Global by 45.2% during the second quarter. Advisor Group Inc. now owns 2,243 shares of the industrial products company’s stock valued at $143,000 after purchasing an additional 698 shares during the last quarter. 89.85% of the stock is currently owned by hedge funds and other institutional investors.

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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