Bank of New York Mellon Corp lifted its holdings in shares of Dmc Global Inc (NASDAQ:BOOM) by 10.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 61,882 shares of the industrial products company’s stock after buying an additional 5,751 shares during the period. Bank of New York Mellon Corp’s holdings in Dmc Global were worth $2,174,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Quantamental Technologies LLC acquired a new stake in Dmc Global in the 4th quarter valued at about $46,000. Group One Trading L.P. acquired a new stake in Dmc Global during the fourth quarter worth approximately $92,000. BlueMountain Capital Management LLC acquired a new stake in Dmc Global during the third quarter worth approximately $132,000. Credit Suisse AG acquired a new stake in Dmc Global during the third quarter worth approximately $246,000. Finally, Mackenzie Financial Corp acquired a new stake in Dmc Global during the third quarter worth approximately $326,000. Institutional investors own 88.57% of the company’s stock.
In other news, Director Yvon Pierre Cariou sold 17,393 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $46.71, for a total transaction of $812,427.03. Following the transaction, the director now directly owns 129,135 shares of the company’s stock, valued at $6,031,895.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.40% of the stock is currently owned by company insiders.
Several equities research analysts have issued reports on BOOM shares. Zacks Investment Research upgraded shares of Dmc Global from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Wednesday, January 9th. ValuEngine upgraded shares of Dmc Global from a “hold” rating to a “buy” rating in a research report on Saturday, February 23rd. Stifel Nicolaus set a $53.00 price objective on shares of Dmc Global and gave the stock a “buy” rating in a research report on Friday, February 22nd. Sidoti set a $49.00 price objective on shares of Dmc Global and gave the stock a “buy” rating in a research report on Friday, February 22nd. Finally, Roth Capital set a $50.00 price objective on shares of Dmc Global and gave the stock a “buy” rating in a research report on Friday, March 22nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $61.50.
Shares of BOOM stock opened at $66.07 on Monday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.05 and a quick ratio of 1.26. The company has a market cap of $990.32 million, a price-to-earnings ratio of 31.92, a P/E/G ratio of 0.90 and a beta of 0.66. Dmc Global Inc has a 12-month low of $28.65 and a 12-month high of $70.67.
Dmc Global (NASDAQ:BOOM) last issued its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.10. The firm had revenue of $90.30 million during the quarter, compared to the consensus estimate of $82.39 million. Dmc Global had a net margin of 9.34% and a return on equity of 25.65%. The business’s revenue for the quarter was up 65.7% compared to the same quarter last year. During the same period last year, the business posted $0.09 earnings per share. On average, sell-side analysts anticipate that Dmc Global Inc will post 3.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 16th. Stockholders of record on Sunday, March 31st were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. Dmc Global’s dividend payout ratio is presently 3.86%.
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Dmc Global Profile
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces and sells explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
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