Dynamic Materials Corp. (NASDAQ:BOOM) shares rose 5.8% during trading on Tuesday . The stock traded as high as $11.84 and last traded at $11.84, with a volume of 73,762 shares. The stock had previously closed at $11.19.

BOOM has been the topic of several analyst reports. Sidoti lowered shares of Dynamic Materials Corp. from a “buy” rating to a “neutral” rating in a research note on Friday, June 10th. Zacks Investment Research lowered shares of Dynamic Materials Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, March 23rd. Finally, Roth Capital increased their price target on shares of Dynamic Materials Corp. from $8.00 to $10.00 and gave the stock a “neutral” rating in a research note on Monday, March 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Dynamic Materials Corp. has a consensus rating of “Hold” and an average price target of $8.67.

The stock’s market cap is $171.33 million. The stock’s 50-day moving average price is $10.57 and its 200-day moving average price is $7.97.

Dynamic Materials Corp. (NASDAQ:BOOM) last issued its quarterly earnings data on Thursday, April 28th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.15. The firm had revenue of $40.50 million for the quarter, compared to analyst estimates of $36.28 million. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.17) EPS. Equities research analysts anticipate that Dynamic Materials Corp. will post $0.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Tuesday, June 28th.

In related news, CEO Kevin T. Longe sold 6,624 shares of the business’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $10.49, for a total transaction of $69,485.76. Following the completion of the transaction, the chief executive officer now owns 97,000 shares in the company, valued at $1,017,530. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Kevin T. Longe sold 8,250 shares of the business’s stock in a transaction that occurred on Wednesday, May 11th. The shares were sold at an average price of $10.34, for a total transaction of $85,305.00. Following the transaction, the chief executive officer now owns 105,250 shares of the company’s stock, valued at approximately $1,088,285. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently made changes to their positions in BOOM. Hunter Associates inc. raised its position in shares of Dynamic Materials Corp. by 24.9% in the fourth quarter. Hunter Associates inc. now owns 248,027 shares of the company’s stock worth $1,734,000 after buying an additional 49,450 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Dynamic Materials Corp. by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 499,818 shares of the company’s stock worth $3,494,000 after buying an additional 10,897 shares during the last quarter. Royce & Associates LLC raised its position in shares of Dynamic Materials Corp. by 2.5% in the fourth quarter. Royce & Associates LLC now owns 634,819 shares of the company’s stock worth $4,437,000 after buying an additional 15,423 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of Dynamic Materials Corp. by 7.5% in the fourth quarter. American Century Companies Inc. now owns 663,189 shares of the company’s stock worth $4,636,000 after buying an additional 46,044 shares during the last quarter.

Dynamic Materials Corporation operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s segments are NobelClad and DynaEnergetics. The NobelClad segment is engaged in the production of explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints.

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