DMC Global (NASDAQ:BOOM) Lowered to “Hold” at StockNews.com

DMC Global (NASDAQ:BOOM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Separately, Stifel Nicolaus lowered their target price on DMC Global from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Monday.

DMC Global Stock Performance

Shares of NASDAQ BOOM opened at $13.05 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.12 and a current ratio of 2.54. The firm has a market cap of $260.74 million, a price-to-earnings ratio of 10.70 and a beta of 1.59. The business’s 50-day simple moving average is $17.41 and its 200-day simple moving average is $17.40. DMC Global has a 52 week low of $12.97 and a 52 week high of $27.16.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.07). The company had revenue of $174.04 million for the quarter, compared to analyst estimates of $170.80 million. DMC Global had a net margin of 3.61% and a return on equity of 8.21%. During the same period in the prior year, the company posted $0.22 EPS. As a group, equities research analysts expect that DMC Global will post 1.5 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 the business. Allspring Global Investments Holdings LLC acquired a new stake in shares of DMC Global during the 1st quarter worth approximately $26,000. PNC Financial Services Group Inc. grew its holdings in shares of DMC Global by 82.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 606 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of DMC Global during the 3rd quarter worth approximately $42,000. Covestor Ltd acquired a new stake in shares of DMC Global during the 3rd quarter worth approximately $50,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of DMC Global by 722.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company’s stock worth $75,000 after purchasing an additional 3,488 shares in the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

DMC Global Company Profile

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.