According to Zacks, “DMC Global Inc. is a technology company. Its operating sector consists of industrial infrastructure and oilfield products and services. Industrial infrastructure sector is served by DMC’s NobelClad business is a manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment. Oilfield products and services sector is served by DynaEnergetics, is a developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. DMC Global Inc. is based in Boulder, Colorado. “
Several other equities research analysts have also issued reports on BOOM. ValuEngine lowered shares of Dmc Global from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. BidaskClub lowered shares of Dmc Global from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 9th. Sidoti upgraded shares of Dmc Global from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Wednesday, July 10th. Roth Capital boosted their price objective on shares of Dmc Global from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Finally, Stifel Nicolaus set a $73.00 price objective on shares of Dmc Global and gave the stock a “buy” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $67.33.
Dmc Global (NASDAQ:BOOM) last announced its earnings results on Thursday, July 25th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $104.84 million. During the same period in the previous year, the business posted $0.45 earnings per share. Dmc Global’s revenue for the quarter was up 37.1% on a year-over-year basis. As a group, sell-side analysts forecast that Dmc Global will post 3.67 EPS for the current fiscal year.
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 transaction of $65,440.00. Following the completion of the sale, the director now directly owns 32,243 shares in the company, valued at approximately $2,109,981.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.40% of the company’s stock.
A number of large investors have recently bought and sold shares of BOOM. BlackRock Inc. raised its holdings in Dmc Global by 2.8% during the 4th quarter. BlackRock Inc. now owns 972,696 shares of the industrial products company’s stock valued at $34,161,000 after buying an additional 26,653 shares during the last quarter. Bank of New York Mellon Corp increased its position in Dmc Global by 10.2% during the 4th quarter. Bank of New York Mellon Corp now owns 61,882 shares of the industrial products company’s stock valued at $2,174,000 after purchasing an additional 5,751 shares during the period. Northern Trust Corp increased its position in Dmc Global by 1.3% during the 4th quarter. Northern Trust Corp now owns 180,384 shares of the industrial products company’s stock valued at $6,335,000 after purchasing an additional 2,296 shares during the period. Geode Capital Management LLC increased its position in Dmc Global by 7.4% during the 4th quarter. Geode Capital Management LLC now owns 155,853 shares of the industrial products company’s stock valued at $5,473,000 after purchasing an additional 10,755 shares during the period. Finally, Bank of America Corp DE increased its position in Dmc Global by 142.9% during the 4th quarter. Bank of America Corp DE now owns 14,292 shares of the industrial products company’s stock valued at $502,000 after purchasing an additional 8,408 shares during the period. Institutional investors own 92.22% of the company’s stock.
Dmc Global Company Profile
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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