Hunter Associates Investment Management LLC Has $3.08 Million Stock Position in DMC Global Inc. (NASDAQ:BOOM)

Hunter Associates Investment Management LLC lifted its holdings in shares of DMC Global Inc. (NASDAQ:BOOM) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 419,643 shares of the industrial products company’s stock after purchasing an additional 67,410 shares during the period. Hunter Associates Investment Management LLC owned 2.10% of DMC Global worth $3,078,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC raised its position in DMC Global by 5.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 1,120 shares during the last quarter. FMR LLC raised its position in shares of DMC Global by 146.1% during the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 1,334 shares during the last quarter. Quest Partners LLC raised its position in shares of DMC Global by 25.7% during the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 1,373 shares during the last quarter. Empowered Funds LLC lifted its stake in shares of DMC Global by 5.3% in the third quarter. Empowered Funds LLC now owns 91,011 shares of the industrial products company’s stock worth $1,181,000 after acquiring an additional 4,556 shares during the period. Finally, Lakewood Asset Management LLC boosted its holdings in DMC Global by 40.8% in the fourth quarter. Lakewood Asset Management LLC now owns 22,257 shares of the industrial products company’s stock valued at $164,000 after acquiring an additional 6,450 shares during the last quarter. Institutional investors own 77.63% of the company’s stock.

DMC Global Price Performance

Shares of BOOM stock opened at $8.46 on Friday. DMC Global Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $19.72. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28. The stock has a 50 day simple moving average of $7.54 and a two-hundred day simple moving average of $10.28.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.40). The company had revenue of $152.43 million during the quarter, compared to the consensus estimate of $152.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. During the same quarter in the prior year, the firm earned $0.50 EPS. As a group, analysts forecast that DMC Global Inc. will post -0.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on BOOM shares. StockNews.com lowered shares of DMC Global from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. Stifel Nicolaus downgraded shares of DMC Global from a “buy” rating to a “hold” rating and lowered their target price for the stock from $16.00 to $8.00 in a research note on Wednesday, November 20th.

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.