DMC Global (NASDAQ:BOOM) Price Target Lowered to $24.00 at Stifel Nicolaus

DMC Global (NASDAQ:BOOM) had its target price lowered by Stifel Nicolaus from $27.00 to $24.00 in a research report report published on Monday, Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

Separately, StockNews.com upgraded shares of DMC Global from a hold rating to a buy rating in a research note on Thursday, April 4th.

DMC Global Stock Performance

Shares of NASDAQ BOOM opened at $13.20 on Monday. DMC Global has a 12 month low of $12.97 and a 12 month high of $27.16. The company has a quick ratio of 1.12, a current ratio of 2.54 and a debt-to-equity ratio of 0.21. The company has a market cap of $263.74 million, a P/E ratio of 10.82 and a beta of 1.59. The business’s 50 day moving average is $17.50 and its two-hundred day moving average is $17.45.

DMC Global (NASDAQ:BOOM) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (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 the consensus estimate of $170.80 million. DMC Global had a return on equity of 8.21% and a net margin of 3.61%. During the same period last year, the firm posted $0.22 EPS. On average, equities analysts expect that DMC Global will post 1.5 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its holdings in DMC Global by 82.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock valued at $25,000 after buying an additional 606 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in DMC Global in the first quarter valued at about $26,000. New York State Teachers Retirement System acquired a new position in DMC Global in the third quarter worth about $42,000. Covestor Ltd bought a new position in DMC Global during the third quarter worth about $50,000. Finally, Tower Research Capital LLC TRC boosted its holdings in DMC Global by 722.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company’s stock valued at $75,000 after purchasing an additional 3,488 shares in the last quarter. 77.63% of the stock is owned by institutional investors.

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.