A number of other research firms also recently commented on BOOM. ValuEngine downgraded shares of Dmc Global from a hold rating to a sell rating in a research report on Thursday, August 1st. Chardan Capital restated a buy rating and set a $79.00 price target on shares of Dmc Global in a research report on Thursday, July 25th. Zacks Investment Research upgraded shares of Dmc Global from a sell rating to a hold rating in a research report on Wednesday, August 14th. Finally, Sidoti upgraded shares of Dmc Global from a neutral rating to a buy rating and set a $76.00 price target on the stock in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $67.33.
Dmc Global stock opened at $47.01 on Thursday. The company has a quick ratio of 1.40, a current ratio of 2.25 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $46.11 and a two-hundred day moving average price of $57.30. The firm has a market capitalization of $662.59 million, a price-to-earnings ratio of 22.71, a PEG ratio of 0.62 and a beta of 0.75. Dmc Global has a 52-week low of $30.25 and a 52-week high of $76.68.
Dmc Global (NASDAQ:BOOM) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.29. Dmc Global had a net margin of 13.51% and a return on equity of 35.18%. The company had revenue of $110.95 million for the quarter, compared to the consensus estimate of $104.84 million. During the same period in the previous year, the firm earned $0.45 EPS. Dmc Global’s revenue was up 37.1% on a year-over-year basis. Research analysts expect that Dmc Global will post 3.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from Dmc Global’s previous quarterly dividend of $0.02. The ex-dividend date is Friday, September 27th. Dmc Global’s payout ratio is 3.86%.
Several hedge funds have recently added to or reduced their stakes in BOOM. Brown Capital Management LLC raised its holdings in shares of Dmc Global by 8.6% in the 2nd quarter. Brown Capital Management LLC now owns 2,524,955 shares of the industrial products company’s stock worth $159,956,000 after purchasing an additional 200,730 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Dmc Global by 115.2% in the 2nd quarter. BlackRock Inc. now owns 2,130,075 shares of the industrial products company’s stock worth $134,942,000 after purchasing an additional 1,140,047 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Dmc Global by 28.7% in the 2nd quarter. Vanguard Group Inc. now owns 882,542 shares of the industrial products company’s stock worth $55,909,000 after purchasing an additional 196,679 shares in the last quarter. Earnest Partners LLC bought a new stake in shares of Dmc Global in the 2nd quarter worth approximately $55,495,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Dmc Global by 37.6% in the 2nd quarter. Renaissance Technologies LLC now owns 598,196 shares of the industrial products company’s stock worth $37,896,000 after purchasing an additional 163,528 shares in the last quarter. Institutional investors own 89.34% of the company’s stock.
Dmc Global Company 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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