Dimensional Fund Advisors LP raised its holdings in Dynamic Materials Corp. (NASDAQ:BOOM) by 8.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 726,083 shares of the industrial products company’s stock after buying an additional 53,899 shares during the period. Dimensional Fund Advisors LP owned approximately 4.92% of Dynamic Materials Corp. worth $9,512,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Ameriprise Financial Inc. lifted its position in shares of Dynamic Materials Corp. by 0.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 358,862 shares of the industrial products company’s stock worth $4,701,000 after purchasing an additional 1,830 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Dynamic Materials Corp. by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 583,360 shares of the industrial products company’s stock worth $7,234,000 after purchasing an additional 13,420 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Dynamic Materials Corp. by 5.0% during the 1st quarter. Wells Fargo & Company MN now owns 12,449 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 595 shares during the last quarter. Hunter Associates Investment Management LLC lifted its position in shares of Dynamic Materials Corp. by 5.4% during the 2nd quarter. Hunter Associates Investment Management LLC now owns 337,834 shares of the industrial products company’s stock worth $4,426,000 after purchasing an additional 17,247 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Dynamic Materials Corp. by 5.4% during the 1st quarter. Renaissance Technologies LLC now owns 146,000 shares of the industrial products company’s stock worth $1,810,000 after purchasing an additional 7,432 shares during the last quarter. 86.10% of the stock is owned by institutional investors.

Shares of Dynamic Materials Corp. (BOOM) opened at $21.45 on Friday. Dynamic Materials Corp. has a one year low of $11.60 and a one year high of $23.27. The company has a quick ratio of 1.80, a current ratio of 2.76 and a debt-to-equity ratio of 0.21.

Dynamic Materials Corp. (NASDAQ:BOOM) last announced its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.13. Dynamic Materials Corp. had a negative net margin of 10.69% and a negative return on equity of 1.20%. The firm had revenue of $52.16 million for the quarter, compared to analyst estimates of $46.25 million. During the same period last year, the business earned ($0.19) EPS. Dynamic Materials Corp.’s revenue for the quarter was up 42.7% compared to the same quarter last year. analysts expect that Dynamic Materials Corp. will post 0.21 earnings per share for the current year.

Several research firms have recently issued reports on BOOM. Zacks Investment Research raised shares of Dynamic Materials Corp. from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research report on Monday, October 30th. Roth Capital set a $22.00 price target on shares of Dynamic Materials Corp. and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Finally, ValuEngine upgraded shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.

In related news, Director Yvon Pierre Cariou sold 15,065 shares of Dynamic Materials Corp. stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $21.15, for a total transaction of $318,624.75. Following the sale, the director now directly owns 199,414 shares in the company, valued at approximately $4,217,606.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 5.10% of the stock is owned by company insiders.

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Dynamic Materials Corp. Profile

DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.

Institutional Ownership by Quarter for Dynamic Materials Corp. (NASDAQ:BOOM)

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