United Services Automobile Association decreased its holdings in Dmc Global Inc (NASDAQ:BOOM) by 21.9% in the second quarter, Holdings Channel reports. The firm owned 94,550 shares of the industrial products company’s stock after selling 26,572 shares during the period. United Services Automobile Association’s holdings in Dmc Global were worth $5,990,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Cavalier Investments LLC acquired a new stake in shares of Dmc Global in the 2nd quarter worth $1,153,000. Louisiana State Employees Retirement System acquired a new stake in shares of Dmc Global in the 2nd quarter worth $344,000. Trexquant Investment LP acquired a new stake in shares of Dmc Global in the 2nd quarter worth $455,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Dmc Global in the 2nd quarter worth $870,000. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Dmc Global in the 2nd quarter worth $6,532,000. 89.34% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on BOOM shares. Chardan Capital reaffirmed a “buy” rating and set a $79.00 price target on shares of Dmc Global in a research report on Thursday, July 25th. Zacks Investment Research raised Dmc Global from a “sell” rating to a “hold” rating in a research report on Wednesday, August 14th. BidaskClub raised Dmc Global from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Sidoti set a $79.00 price target on Dmc Global and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, ValuEngine cut Dmc Global from a “sell” rating to a “strong sell” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $67.83.
Dmc Global (NASDAQ:BOOM) last released its quarterly earnings data on Thursday, July 25th. The industrial products company reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.29. The business had revenue of $110.95 million during the quarter, compared to analyst estimates of $104.84 million. Dmc Global had a return on equity of 35.18% and a net margin of 13.51%. The company’s revenue was up 37.1% on a year-over-year basis. During the same quarter last year, the business posted $0.45 EPS. As a group, research analysts expect that Dmc Global Inc will post 3.67 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.30%. This is a positive change from Dmc Global’s previous quarterly dividend of $0.02. Dmc Global’s dividend payout ratio (DPR) is presently 24.15%.
Dmc Global 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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