Nuveen Asset Management LLC Purchases 9,902 Shares of DMC Global Inc. (NASDAQ:BOOM)

Nuveen Asset Management LLC lifted its holdings in DMC Global Inc. (NASDAQ:BOOM) by 13.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 86,183 shares of the industrial products company’s stock after buying an additional 9,902 shares during the period. Nuveen Asset Management LLC’s holdings in DMC Global were worth $3,727,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of BOOM. Virginia Retirement Systems ET AL grew its position in DMC Global by 2.2% during the fourth quarter. Virginia Retirement Systems ET AL now owns 9,200 shares of the industrial products company’s stock valued at $398,000 after buying an additional 200 shares during the period. The Manufacturers Life Insurance Company raised its holdings in DMC Global by 5.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 9,052 shares of the industrial products company’s stock worth $391,000 after purchasing an additional 451 shares during the period. Wells Fargo & Company MN lifted its position in DMC Global by 1.0% during the fourth quarter. Wells Fargo & Company MN now owns 78,359 shares of the industrial products company’s stock valued at $3,389,000 after purchasing an additional 783 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in DMC Global by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 97,203 shares of the industrial products company’s stock valued at $4,205,000 after purchasing an additional 1,310 shares during the period. Finally, Rhumbline Advisers grew its holdings in DMC Global by 4.3% during the fourth quarter. Rhumbline Advisers now owns 46,958 shares of the industrial products company’s stock valued at $2,031,000 after purchasing an additional 1,929 shares during the period.

A number of research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on DMC Global from $53.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 19th. Zacks Investment Research lowered shares of DMC Global from a “buy” rating to a “hold” rating in a research report on Thursday, April 15th. Finally, Roth Capital upped their target price on shares of DMC Global from $34.00 to $50.00 and gave the stock a “neutral” rating in a report on Wednesday, February 17th.

Shares of BOOM opened at $51.76 on Wednesday. The business’s 50 day moving average is $58.26 and its 200 day moving average is $48.81. The company has a current ratio of 2.33, a quick ratio of 1.27 and a debt-to-equity ratio of 0.05. DMC Global Inc. has a 12-month low of $21.94 and a 12-month high of $70.00. The company has a market capitalization of $817.45 million, a PE ratio of -132.71, a price-to-earnings-growth ratio of 4.66 and a beta of 1.33.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings data on Wednesday, February 17th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). DMC Global had a negative net margin of 2.23% and a positive return on equity of 6.76%. The firm had revenue of $57.11 million for the quarter, compared to analysts’ expectations of $53.30 million. Equities research analysts predict that DMC Global Inc. will post 0.11 earnings per share for the current year.

In related news, insider Antoine Nobili sold 3,333 shares of the stock in a transaction that occurred on Tuesday, March 2nd. The stock was sold at an average price of $62.89, for a total transaction of $209,612.37. Following the completion of the transaction, the insider now directly owns 9,500 shares of the company’s stock, valued at $597,455. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Michael Kuta sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $66.36, for a total value of $663,600.00. Following the transaction, the chief financial officer now owns 10,695 shares of the company’s stock, valued at approximately $709,720.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,438 shares of company stock worth $2,107,577. 2.30% of the stock is currently owned by insiders.

About DMC Global

DMC Global Inc provides a suite of technical products for the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. Its 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, and industrial refrigeration industries.

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Institutional Ownership by Quarter for DMC Global (NASDAQ:BOOM)

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