Dmc Global (NASDAQ:BOOM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The firm currently has a $42.00 price objective on the industrial products company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 10.44% from the company’s previous close.
According to Zacks, “DMC Global Inc. is a technology company. Its operating sector consists of industrial infrastructure and oilfield products and services. Industrial infrastructure sector is served by DMC’s NobelClad business is a manufacturer of explosion-welded clad metal plates, which are used to fabricate capital equipment. Oilfield products and services sector is served by DynaEnergetics, is a developer, manufacturer and marketer of advanced explosive components and systems used to perforate oil and gas wells. DMC Global Inc. is based in Boulder, Colorado. “
A number of other research firms also recently weighed in on BOOM. ValuEngine upgraded Dmc Global from a “hold” rating to a “buy” rating in a research note on Monday. Roth Capital set a $50.00 price target on Dmc Global and gave the company a “buy” rating in a research note on Monday. BidaskClub upgraded Dmc Global from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 18th. Sidoti upgraded Dmc Global from a “neutral” rating to a “buy” rating in a research note on Friday, October 26th. Finally, TheStreet upgraded Dmc Global from a “c” rating to a “b-” rating in a research note on Wednesday, September 5th. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $51.00.
Dmc Global (NASDAQ:BOOM) last announced its earnings results on Thursday, October 25th. The industrial products company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.19. Dmc Global had a return on equity of 22.24% and a net margin of 4.56%. The company had revenue of $87.88 million for the quarter, compared to the consensus estimate of $83.35 million. On average, equities analysts expect that Dmc Global will post 1.97 EPS for the current year.
In related news, Director Yvon Pierre Cariou sold 25,000 shares of Dmc Global stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $42.97, for a total value of $1,074,250.00. Following the sale, the director now directly owns 144,823 shares in the company, valued at $6,223,044.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John Edgar Scheatzle, Jr. sold 1,299 shares of Dmc Global stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $41.41, for a total value of $53,791.59. The disclosure for this sale can be found here. 5.20% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of BOOM. Macquarie Group Ltd. purchased a new stake in Dmc Global during the second quarter worth $135,000. ClariVest Asset Management LLC boosted its position in Dmc Global by 22,957.1% during the second quarter. ClariVest Asset Management LLC now owns 3,228 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 3,214 shares in the last quarter. Raymond James & Associates purchased a new stake in Dmc Global during the second quarter worth $230,000. Shepherd Kaplan Krochuk LLC purchased a new stake in Dmc Global during the second quarter worth $248,000. Finally, Voya Investment Management LLC purchased a new stake in Dmc Global during the second quarter worth $255,000. Hedge funds and other institutional investors own 84.82% of the company’s stock.
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 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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