Uniplan Investment Counsel Inc. reduced its position in shares of Dmc Global Inc (NASDAQ:BOOM) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 152,001 shares of the industrial products company’s stock after selling 5,551 shares during the quarter. Uniplan Investment Counsel Inc. owned 1.02% of Dmc Global worth $5,338,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in BOOM. Quantamental Technologies LLC bought a new position in shares of Dmc Global during the 4th quarter valued at approximately $46,000. Group One Trading L.P. bought a new position in shares of Dmc Global during the 4th quarter valued at approximately $92,000. Great West Life Assurance Co. Can grew its stake in shares of Dmc Global by 4,820.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 2,706 shares of the industrial products company’s stock valued at $92,000 after acquiring an additional 2,651 shares during the period. BlueMountain Capital Management LLC bought a new position in shares of Dmc Global during the 3rd quarter valued at approximately $132,000. Finally, HRT Financial LLC bought a new position in shares of Dmc Global during the 3rd quarter valued at approximately $208,000. Institutional investors and hedge funds own 88.26% of the company’s stock.
In other Dmc Global news, Director Yvon Pierre Cariou sold 17,393 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $46.71, for a total value of $812,427.03. Following the completion of the transaction, the director now directly owns 129,135 shares in the company, valued at approximately $6,031,895.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.20% of the company’s stock.
BOOM stock opened at $44.26 on Friday. Dmc Global Inc has a 1-year low of $24.95 and a 1-year high of $51.05. The company has a quick ratio of 1.26, a current ratio of 2.05 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $659.61 million, a price-to-earnings ratio of 21.38, a price-to-earnings-growth ratio of 0.89 and a beta of 0.65.
Dmc Global (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, February 21st. The industrial products company reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.10. Dmc Global had a return on equity of 25.65% and a net margin of 9.34%. The business had revenue of $90.30 million during the quarter, compared to the consensus estimate of $82.39 million. During the same period in the prior year, the company posted $0.09 EPS. The firm’s revenue for the quarter was up 65.7% compared to the same quarter last year. On average, sell-side analysts expect that Dmc Global Inc will post 2.55 EPS for the current fiscal year.
A number of brokerages recently issued reports on BOOM. ValuEngine upgraded Dmc Global from a “hold” rating to a “buy” rating in a research note on Saturday, February 23rd. Stifel Nicolaus set a $53.00 price objective on Dmc Global and gave the company a “buy” rating in a research note on Friday, February 22nd. Sidoti set a $49.00 price objective on Dmc Global and gave the company a “buy” rating in a research note on Friday, February 22nd. Zacks Investment Research upgraded Dmc Global from a “sell” rating to a “hold” rating in a research note on Tuesday, February 26th. Finally, BidaskClub downgraded Dmc Global from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $50.33.
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About Dmc Global
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
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