Van ECK Associates Corp Boosts Stock Position in DMC Global Inc. (NASDAQ:BOOM)

Van ECK Associates Corp grew its stake in shares of DMC Global Inc. (NASDAQ:BOOM) by 121.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 585,044 shares of the industrial products company’s stock after acquiring an additional 321,251 shares during the period. Van ECK Associates Corp’s holdings in DMC Global were worth $32,885,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System raised its position in shares of DMC Global by 97.4% in the second quarter. State Board of Administration of Florida Retirement System now owns 10,375 shares of the industrial products company’s stock worth $583,000 after buying an additional 5,120 shares in the last quarter. Citigroup Inc. raised its position in shares of DMC Global by 454.4% in the second quarter. Citigroup Inc. now owns 10,473 shares of the industrial products company’s stock worth $589,000 after buying an additional 8,584 shares in the last quarter. EMC Capital Management raised its position in shares of DMC Global by 21.6% in the second quarter. EMC Capital Management now owns 24,371 shares of the industrial products company’s stock worth $1,370,000 after buying an additional 4,321 shares in the last quarter. Mutual of America Capital Management LLC raised its position in shares of DMC Global by 29.5% in the second quarter. Mutual of America Capital Management LLC now owns 2,659 shares of the industrial products company’s stock worth $149,000 after buying an additional 605 shares in the last quarter. Finally, Swiss National Bank raised its position in shares of DMC Global by 19.5% in the second quarter. Swiss National Bank now owns 40,400 shares of the industrial products company’s stock worth $2,271,000 after buying an additional 6,600 shares in the last quarter.

Shares of NASDAQ:BOOM opened at $39.97 on Wednesday. The stock’s 50-day moving average price is $43.76 and its 200-day moving average price is $51.99. DMC Global Inc. has a 12-month low of $29.54 and a 12-month high of $70.00. The stock has a market capitalization of $748.44 million, a P/E ratio of 285.52, a price-to-earnings-growth ratio of 4.17 and a beta of 1.11.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, July 22nd. The industrial products company reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.04). DMC Global had a net margin of 0.96% and a return on equity of 1.14%. The company had revenue of $65.44 million for the quarter, compared to the consensus estimate of $69.48 million. During the same period last year, the business posted ($0.29) earnings per share. The firm’s quarterly revenue was up 51.5% compared to the same quarter last year. As a group, research analysts expect that DMC Global Inc. will post 0.48 EPS for the current fiscal year.

A number of research analysts recently commented on BOOM shares. Stifel Nicolaus reduced their target price on DMC Global from $64.00 to $59.00 and set a “buy” rating on the stock in a research note on Friday, July 23rd. Zacks Investment Research cut DMC Global from a “hold” rating to a “sell” rating in a research note on Wednesday, July 21st.

DMC Global 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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