Los Angeles Capital Management LLC Cuts Stock Position in DMC Global Inc. (NASDAQ:BOOM)

Los Angeles Capital Management LLC lessened its stake in DMC Global Inc. (NASDAQ:BOOM) by 80.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,979 shares of the industrial products company’s stock after selling 84,628 shares during the period. Los Angeles Capital Management LLC’s holdings in DMC Global were worth $288,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of BOOM. PNC Financial Services Group Inc. lifted its stake in shares of 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 acquiring an additional 606 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of DMC Global in the 1st quarter valued at about $26,000. CWM LLC lifted its stake in shares of DMC Global by 1,245.4% in the 2nd quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 2,553 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of DMC Global in the 4th quarter valued at about $113,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of DMC Global by 68.4% in the 1st quarter. BNP Paribas Financial Markets now owns 9,783 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 3,974 shares during the last quarter. Institutional investors own 77.63% of the company’s stock.

Analysts Set New Price Targets

BOOM has been the subject of a number of recent analyst reports. Stifel Nicolaus lowered their price target on DMC Global from $24.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Roth Mkm reaffirmed a “buy” rating and set a $24.00 price target on shares of DMC Global in a research report on Wednesday, July 31st.

DMC Global Stock Performance

DMC Global stock opened at $10.72 on Monday. The company has a quick ratio of 1.15, a current ratio of 2.53 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $214.21 million, a P/E ratio of 8.79 and a beta of 1.63. The stock’s 50 day moving average is $12.53 and its 200 day moving average is $14.50. DMC Global Inc. has a twelve month low of $10.45 and a twelve month high of $26.04.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Thursday, August 1st. The industrial products company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.13 by $0.16. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. The business had revenue of $171.18 million for the quarter, compared to the consensus estimate of $165.45 million. During the same period last year, the business posted $0.72 EPS. On average, equities research analysts predict that DMC Global Inc. will post 0.95 earnings per share for the current fiscal year.

About DMC Global

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.