Los Angeles Capital Management LLC Acquires 1,068 Shares of DMC Global Inc. (NASDAQ:BOOM)

Los Angeles Capital Management LLC boosted its holdings in DMC Global Inc. (NASDAQ:BOOM) by 1.0% in the 4th quarter, HoldingsChannel reports. The firm owned 110,635 shares of the industrial products company’s stock after purchasing an additional 1,068 shares during the quarter. Los Angeles Capital Management LLC’s holdings in DMC Global were worth $2,082,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. New York State Teachers Retirement System bought a new position in shares of DMC Global during the third quarter worth $42,000. Covestor Ltd purchased a new stake in DMC Global in the 3rd quarter worth $50,000. Victory Capital Management Inc. purchased a new position in shares of DMC Global during the fourth quarter valued at about $113,000. SG Americas Securities LLC bought a new stake in shares of DMC Global in the third quarter worth about $173,000. Finally, Bailard Inc. purchased a new stake in shares of DMC Global in the third quarter worth about $216,000. 77.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. StockNews.com cut DMC Global from a “buy” rating to a “hold” rating in a report on Monday. Stifel Nicolaus reduced their price target on shares of DMC Global from $27.00 to $24.00 and set a “buy” rating on the stock in a research report on Monday.

DMC Global Stock Down 3.2 %

Shares of NASDAQ:BOOM opened at $13.20 on Tuesday. The company has a 50-day moving average price of $17.50 and a 200 day moving average price of $17.45. The company has a current ratio of 2.54, a quick ratio of 1.12 and a debt-to-equity ratio of 0.21. DMC Global Inc. has a 12 month low of $12.97 and a 12 month high of $27.16. The company has a market cap of $263.74 million, a price-to-earnings ratio of 10.82 and a beta of 1.59.

DMC Global (NASDAQ:BOOM) last announced its earnings results 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). DMC Global had a return on equity of 8.21% and a net margin of 3.61%. The company had revenue of $174.04 million during the quarter, compared to analysts’ expectations of $170.80 million. During the same quarter last year, the firm posted $0.22 EPS. As a group, equities research analysts predict that DMC Global Inc. will post 1.5 earnings per share for the current year.

DMC Global 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.