DMC Global (NASDAQ:BOOM) Cut to Hold at Stifel Nicolaus

Stifel Nicolaus lowered shares of DMC Global (NASDAQ:BOOM) from a buy rating to a hold rating in a research report released on Wednesday, Marketbeat.com reports. The firm currently has $8.00 price target on the industrial products company’s stock, down from their previous price target of $16.00.

Several other brokerages also recently weighed in on BOOM. StockNews.com raised shares of DMC Global from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Roth Mkm reaffirmed a “buy” rating and issued a $24.00 price objective on shares of DMC Global in a research note on Wednesday, July 31st.

DMC Global Price Performance

NASDAQ BOOM opened at $7.40 on Wednesday. The stock has a market capitalization of $148.22 million, a price-to-earnings ratio of -0.94 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The business’s fifty day moving average price is $11.10 and its 200-day moving average price is $12.31. DMC Global has a 1-year low of $7.16 and a 1-year high of $19.73.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.40). The business had revenue of $152.43 million for the quarter, compared to analysts’ expectations of $152.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. During the same period in the previous year, the company earned $0.50 EPS. On average, equities analysts predict that DMC Global will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of BOOM. Steel Partners Holdings L.P. increased its holdings in DMC Global by 610.5% during the 2nd quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock worth $28,451,000 after purchasing an additional 1,695,336 shares during the period. Vanguard Group Inc. raised its holdings in shares of DMC Global by 5.4% in the first quarter. Vanguard Group Inc. now owns 1,259,669 shares of the industrial products company’s stock valued at $24,551,000 after acquiring an additional 64,677 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of DMC Global by 11.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock valued at $15,219,000 after acquiring an additional 112,138 shares in the last quarter. Kennedy Capital Management LLC lifted its stake in DMC Global by 8.5% in the first quarter. Kennedy Capital Management LLC now owns 634,371 shares of the industrial products company’s stock worth $12,364,000 after acquiring an additional 49,849 shares during the period. Finally, State Street Corp grew its holdings in DMC Global by 2.7% during the 3rd quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock worth $5,226,000 after acquiring an additional 10,561 shares in the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

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.