BidaskClub cut shares of Dmc Global (NASDAQ:BOOM) from a buy rating to a hold rating in a research note issued to investors on Saturday, BidAskClub reports.

Other analysts have also recently issued reports about the company. ValuEngine cut Dmc Global from a sell rating to a strong sell rating in a report on Friday, September 20th. Roth Capital dropped their target price on Dmc Global from $75.00 to $64.00 in a report on Wednesday, October 23rd. Sidoti set a $79.00 target price on Dmc Global and gave the company a buy rating in a report on Friday, September 27th. Finally, Zacks Investment Research lowered Dmc Global from a hold rating to a sell rating in a research note on Thursday, December 26th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $69.20.

Shares of NASDAQ:BOOM opened at $44.13 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.38 and a debt-to-equity ratio of 0.15. The business has a fifty day moving average of $46.39 and a two-hundred day moving average of $47.51. The stock has a market cap of $647.08 million, a P/E ratio of 21.32, a PEG ratio of 0.64 and a beta of 0.75. Dmc Global has a 52-week low of $33.84 and a 52-week high of $76.68.

Dmc Global (NASDAQ:BOOM) last issued its earnings results on Thursday, October 24th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.13. The company had revenue of $100.10 million during the quarter, compared to analysts’ expectations of $99.63 million. Dmc Global had a return on equity of 34.64% and a net margin of 13.60%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS. On average, equities analysts anticipate that Dmc Global will post 3.52 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, December 30th. Dmc Global’s dividend payout ratio (DPR) is presently 24.15%.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. lifted its stake in shares of Dmc Global by 115.2% in the 2nd quarter. BlackRock Inc. now owns 2,130,075 shares of the industrial products company’s stock valued at $134,942,000 after purchasing an additional 1,140,047 shares during the last quarter. Vanguard Group Inc. raised its position in Dmc Global by 28.7% in the 2nd quarter. Vanguard Group Inc. now owns 882,542 shares of the industrial products company’s stock valued at $55,909,000 after purchasing an additional 196,679 shares in the last quarter. Earnest Partners LLC acquired a new stake in Dmc Global in the 2nd quarter valued at about $55,495,000. Millennium Management LLC raised its position in Dmc Global by 262.2% in the 3rd quarter. Millennium Management LLC now owns 619,022 shares of the industrial products company’s stock valued at $27,224,000 after purchasing an additional 448,122 shares in the last quarter. Finally, State Street Corp raised its position in Dmc Global by 3.8% in the 3rd quarter. State Street Corp now owns 505,523 shares of the industrial products company’s stock valued at $22,296,000 after purchasing an additional 18,675 shares in the last quarter.

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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