Stifel Nicolaus Cuts DMC Global (NASDAQ:BOOM) Price Target to $16.00

DMC Global (NASDAQ:BOOM) had its target price decreased by Stifel Nicolaus from $17.00 to $16.00 in a research note released on Friday morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the industrial products company’s stock.

Separately, Roth Mkm reissued 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 Up 0.1 %

Shares of NASDAQ BOOM opened at $13.47 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.15 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $12.09 and a 200 day moving average of $13.81. DMC Global has a 12-month low of $10.45 and a 12-month high of $22.28. The stock has a market cap of $269.94 million, a PE ratio of 17.72 and a beta of 1.63.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, August 1st. The industrial products company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.16. The business had revenue of $171.18 million during the quarter, compared to analyst estimates of $165.45 million. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. During the same period in the prior year, the business earned $0.72 earnings per share. As a group, sell-side analysts predict that DMC Global will post 0.95 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BOOM. PNC Financial Services Group Inc. raised its position in DMC Global by 82.2% in 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 raised its holdings in DMC Global by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,145 shares of the industrial products company’s stock valued at $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 first quarter valued at about $26,000. Rhumbline Advisers lifted its holdings in shares of DMC Global by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company’s stock worth $461,000 after acquiring an additional 1,648 shares during the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of DMC Global during the 2nd quarter worth approximately $25,000. 77.63% of the stock is currently owned by institutional investors and hedge funds.

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.