BidaskClub upgraded shares of Dmc Global (NASDAQ:BOOM) from a strong sell rating to a sell rating in a research report sent to investors on Thursday morning, BidAskClub reports.

A number of other brokerages also recently commented on BOOM. 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 note on Wednesday, July 10th. ValuEngine downgraded shares of Dmc Global from a hold rating to a sell rating in a research note on Thursday, August 1st. Zacks Investment Research raised shares of Dmc Global from a sell rating to a hold rating in a research note on Wednesday, August 14th. Finally, Chardan Capital reaffirmed a buy rating and set a $79.00 price target on shares of Dmc Global in a research note on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $67.33.

Shares of BOOM stock opened at $47.01 on Thursday. The company’s fifty day simple moving average is $46.11 and its 200-day simple moving average is $57.30. Dmc Global has a 52 week low of $30.25 and a 52 week high of $76.68. The company has a current ratio of 2.25, a quick ratio of 1.40 and a debt-to-equity ratio of 0.20. The company has a market cap of $662.59 million, a PE ratio of 22.71, a P/E/G ratio of 0.62 and a beta of 0.75.

Dmc Global (NASDAQ:BOOM) last issued its earnings results on Thursday, July 25th. The industrial products company reported $1.17 EPS for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $104.84 million. During the same quarter last year, the firm posted $0.45 EPS. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. Equities research analysts expect that Dmc Global will post 3.67 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.125 per share. This is an increase from Dmc Global’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, September 27th. This represents a $0.50 annualized dividend and a yield of 1.06%. Dmc Global’s payout ratio is 3.86%.

Institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors purchased a new stake in Dmc Global during the 2nd quarter worth $42,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Dmc Global during the 1st quarter worth $78,000. Bank of Montreal Can acquired a new position in Dmc Global during the 2nd quarter worth $107,000. Ladenburg Thalmann Financial Services Inc. acquired a new position in Dmc Global during the 2nd quarter worth $139,000. Finally, Advisor Group Inc. grew its holdings in Dmc Global by 45.2% during the 2nd quarter. Advisor Group Inc. now owns 2,243 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 698 shares in the last quarter. 89.34% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Dmc Global (NASDAQ:BOOM)

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