Stifel Nicolaus Issues Positive Forecast for DMC Global (NASDAQ:BOOM) Stock Price

DMC Global (NASDAQ:BOOM) had its price target lifted by Stifel Nicolaus from $8.00 to $9.50 in a research report report published on Wednesday,Benzinga reports. The firm currently has a hold rating on the industrial products company’s stock.

Separately, StockNews.com upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a research report on Wednesday.

DMC Global Stock Performance

BOOM stock opened at $8.85 on Wednesday. The company has a 50 day moving average price of $7.80 and a 200 day moving average price of $9.59. DMC Global has a fifty-two week low of $6.64 and a fifty-two week high of $19.72. 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 stock has a market capitalization of $177.25 million, a PE ratio of -1.12 and a beta of 1.59.

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Los Angeles Capital Management LLC grew its stake in shares of DMC Global by 5.6% during the third 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 period. FMR LLC boosted its holdings in 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 buying an additional 1,334 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of DMC Global by 5.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,952 shares of the industrial products company’s stock worth $199,000 after buying an additional 1,342 shares during the period. Quest Partners LLC increased its stake in shares of DMC Global by 25.7% in the 3rd quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock valued at $87,000 after acquiring an additional 1,373 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of DMC Global by 13.3% in the 4th quarter. Jane Street Group LLC now owns 13,520 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 1,585 shares during the period. Institutional investors and hedge funds own 77.63% of the company’s stock.

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.