DMC Global Inc. (NASDAQ:BOOM) Shares Sold by Quest Partners LLC

Quest Partners LLC trimmed its holdings in shares of DMC Global Inc. (NASDAQ:BOOM) by 71.8% in the second quarter, Holdings Channel reports. The firm owned 5,345 shares of the industrial products company’s stock after selling 13,608 shares during the period. Quest Partners LLC’s holdings in DMC Global were worth $77,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in shares of DMC Global by 82.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 606 shares during the period. Price T Rowe Associates Inc. MD increased its stake in DMC Global by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,145 shares of the industrial products company’s stock worth $393,000 after buying an additional 951 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in DMC Global in the 1st quarter worth $26,000. Rhumbline Advisers boosted its position in DMC Global by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company’s stock valued at $461,000 after buying an additional 1,648 shares during the last quarter. Finally, CWM LLC grew its stake in shares of DMC Global by 1,245.4% during the second 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 in the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

DMC Global Stock Performance

Shares of BOOM stock opened at $13.00 on Wednesday. The stock has a market capitalization of $259.77 million, a price-to-earnings ratio of 10.66 and a beta of 1.63. DMC Global Inc. has a one year low of $10.45 and a one year high of $25.82. The company’s 50-day simple moving average is $12.47 and its 200-day simple moving average is $14.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 2.53.

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

Analysts Set New Price Targets

A number of brokerages recently commented on BOOM. Stifel Nicolaus reduced their price target on DMC Global from $19.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday. Roth Mkm reiterated a “buy” rating and set a $24.00 target price on shares of DMC Global in a research note on Wednesday, July 31st.

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.