Dmc Global (BOOM) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Dmc Global (NASDAQ:BOOM) from a buy rating to a hold rating in a report issued on Thursday.

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. “

Other analysts have also recently issued research reports about the company. Roth Capital set a $50.00 price objective on Dmc Global and gave the company a buy rating in a research note on Monday, October 29th. Sidoti upgraded Dmc Global from a neutral rating to a buy rating in a research note on Friday, October 26th. ValuEngine cut Dmc Global from a buy rating to a hold rating in a research note on Tuesday, October 23rd. BidaskClub cut Dmc Global from a hold rating to a sell rating in a research note on Wednesday, October 24th. Finally, Stephens began coverage on Dmc Global in a research note on Wednesday. They set an overweight rating and a $50.00 price objective on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Dmc Global currently has an average rating of Buy and a consensus target price of $50.60.

BOOM traded down $0.17 on Thursday, reaching $36.39. The company’s stock had a trading volume of 46,574 shares, compared to its average volume of 69,997. The company has a market capitalization of $543.35 million, a P/E ratio of 226.25, a P/E/G ratio of 0.73 and a beta of 0.56. Dmc Global has a 1 year low of $20.11 and a 1 year high of $51.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.28 and a current ratio of 2.15.

Dmc Global (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, October 25th. The industrial products company reported $0.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $87.88 million for the quarter, compared to analysts’ expectations of $83.35 million. As a group, equities research analysts forecast that Dmc Global will post 2 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Friday, December 28th. Dmc Global’s payout ratio is 50.00%.

Several institutional investors have recently made changes to their positions in the company. Teachers Advisors LLC raised its position in shares of Dmc Global by 8.3% during the 3rd quarter. Teachers Advisors LLC now owns 27,080 shares of the industrial products company’s stock worth $1,105,000 after purchasing an additional 2,078 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of Dmc Global during the 2nd quarter worth approximately $135,000. BlueMountain Capital Management LLC acquired a new stake in shares of Dmc Global during the 3rd quarter worth approximately $132,000. HRT Financial LLC acquired a new stake in shares of Dmc Global during the 3rd quarter worth approximately $208,000. Finally, Raymond James & Associates bought a new position in Dmc Global in the 2nd quarter worth approximately $230,000. Institutional investors and hedge funds own 87.02% of the company’s stock.

About Dmc Global

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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