Thrivent Financial for Lutherans Buys 5,243 Shares of DMC Global Inc. (NASDAQ:BOOM)

Thrivent Financial for Lutherans raised its stake in DMC Global Inc. (NASDAQ:BOOM) by 41.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,885 shares of the industrial products company’s stock after acquiring an additional 5,243 shares during the quarter. Thrivent Financial for Lutherans owned about 0.10% of DMC Global worth $1,005,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in shares of DMC Global by 51.0% during the second quarter. Invesco Ltd. now owns 122,048 shares of the industrial products company’s stock worth $6,860,000 after purchasing an additional 41,226 shares during the period. Metropolitan Life Insurance Co NY increased its holdings in shares of DMC Global by 105,280.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 5,269 shares of the industrial products company’s stock worth $296,000 after purchasing an additional 5,264 shares during the period. Millennium Management LLC increased its holdings in shares of DMC Global by 81.5% during the second quarter. Millennium Management LLC now owns 48,292 shares of the industrial products company’s stock worth $2,714,000 after purchasing an additional 21,678 shares during the period. MetLife Investment Management LLC increased its holdings in shares of DMC Global by 25.6% during the second quarter. MetLife Investment Management LLC now owns 6,765 shares of the industrial products company’s stock worth $380,000 after purchasing an additional 1,379 shares during the period. Finally, Paloma Partners Management Co bought a new position in shares of DMC Global during the second quarter worth approximately $247,000.

NASDAQ BOOM opened at $38.63 on Thursday. The firm has a market capitalization of $723.35 million, a price-to-earnings ratio of 429.22, a P/E/G ratio of 11.66 and a beta of 1.15. The firm’s 50 day simple moving average is $40.16 and its 200 day simple moving average is $46.13. DMC Global Inc. has a 1 year low of $35.61 and a 1 year high of $70.00.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Wednesday, October 20th. The industrial products company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.08). DMC Global had a net margin of 0.67% and a return on equity of 0.67%. The company had revenue of $67.18 million during the quarter, compared to analyst estimates of $70.90 million. During the same quarter in the prior year, the business earned $0.08 EPS. Equities research analysts predict that DMC Global Inc. will post 0.16 earnings per share for the current year.

Several brokerages have recently commented on BOOM. Roth Capital raised shares of DMC Global from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a report on Friday, October 22nd. Zacks Investment Research lowered shares of DMC Global from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 26th.

DMC Global Company Profile

DMC Global, Inc is a holding company, which engages in the provision of technical products and services in the energy, industrial, and infrastructure markets. It operates through the following segments: NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for the construction of corrosion resistant industrial processing equipment and specialized transition joints.

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

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