Dynamic Materials (BOOM) Rating Increased to Strong-Buy at BidaskClub
Dynamic Materials (NASDAQ:BOOM) was upgraded by stock analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.
Other equities analysts also recently issued research reports about the stock. Roth Capital set a $22.00 price target on shares of Dynamic Materials and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Zacks Investment Research raised shares of Dynamic Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. One research analyst has rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. Dynamic Materials currently has a consensus rating of “Buy” and a consensus price target of $23.00.
Dynamic Materials (NASDAQ:BOOM) opened at $21.10 on Friday. 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 has a one year low of $11.60 and a one year high of $23.27.
Dynamic Materials (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.13. The company had revenue of $52.16 million for the quarter, compared to the consensus estimate of $46.25 million. Dynamic Materials had a negative net margin of 10.69% and a negative return on equity of 1.20%. Dynamic Materials’s revenue was up 42.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.19) earnings per share. research analysts forecast that Dynamic Materials will post 0.21 earnings per share for the current year.
In other news, Director Yvon Pierre Cariou sold 15,065 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $21.15, for a total value of $318,624.75. Following the transaction, the director now owns 199,414 shares of the company’s stock, valued at approximately $4,217,606.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin T. Longe sold 3,642 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $21.50, for a total transaction of $78,303.00. Following the completion of the transaction, the insider now directly owns 225,089 shares in the company, valued at approximately $4,839,413.50. The disclosure for this sale can be found here. In the last three months, insiders sold 28,642 shares of company stock worth $614,405. Insiders own 5.10% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Rhumbline Advisers raised its stake in shares of Dynamic Materials by 7.6% in the 2nd quarter. Rhumbline Advisers now owns 16,468 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 1,170 shares during the period. Wells Fargo & Company MN raised its stake in shares of Dynamic Materials by 52.7% in the 3rd quarter. Wells Fargo & Company MN now owns 18,265 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 6,306 shares during the period. Strs Ohio raised its stake in shares of Dynamic Materials by 6.0% in the 2nd quarter. Strs Ohio now owns 22,900 shares of the industrial products company’s stock valued at $299,000 after acquiring an additional 1,300 shares during the period. Teachers Advisors LLC raised its stake in shares of Dynamic Materials by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 25,019 shares of the industrial products company’s stock valued at $328,000 after acquiring an additional 1,588 shares during the period. Finally, Rice Hall James & Associates LLC purchased a new position in shares of Dynamic Materials in the 3rd quarter valued at $939,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.
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About Dynamic Materials
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.
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