DMC Global (NASDAQ:BOOM) Price Target Raised to $9.50

DMC Global (NASDAQ:BOOM) had its price target boosted by analysts at Stifel Nicolaus from $8.00 to $9.50 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ target price indicates a potential upside of 5.42% from the company’s previous close.

Separately, StockNews.com raised DMC Global from a “sell” rating to a “hold” rating in a report on Wednesday.

DMC Global Stock Performance

BOOM opened at $9.01 on Wednesday. The company has a 50 day simple moving average of $7.76 and a two-hundred day simple moving average of $9.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The firm has a market cap of $180.47 million, a P/E ratio of -1.14 and a beta of 1.59. DMC Global has a 1-year low of $6.64 and a 1-year high of $19.72.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Monday, February 24th. The industrial products company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.38. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The company had revenue of $152.37 million during the quarter, compared to the consensus estimate of $140.50 million. Equities analysts forecast that DMC Global will post -0.23 earnings per share for the current fiscal year.

Institutional Trading of DMC Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BOOM. JPMorgan Chase & Co. raised its holdings in shares of DMC Global by 92.4% in the third quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company’s stock worth $1,236,000 after buying an additional 45,722 shares during the period. Barclays PLC raised its holdings in shares of DMC Global by 291.0% in the 3rd quarter. Barclays PLC now owns 26,741 shares of the industrial products company’s stock valued at $347,000 after purchasing an additional 19,901 shares in the last quarter. State Street Corp lifted its position in shares of DMC Global by 2.7% in the 3rd quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock worth $5,226,000 after purchasing an additional 10,561 shares during the period. Hunter Associates Investment Management LLC lifted its position in shares of DMC Global by 19.1% in the 4th quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock worth $3,078,000 after purchasing an additional 67,410 shares during the period. Finally, Empowered Funds LLC boosted its stake in shares of DMC Global by 5.0% during the fourth quarter. Empowered Funds LLC now owns 95,590 shares of the industrial products company’s stock valued at $703,000 after purchasing an additional 4,579 shares in the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.

About DMC Global

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.