Dmc Global (NASDAQ:BOOM) Raised to “Buy” at ValuEngine

ValuEngine upgraded shares of Dmc Global (NASDAQ:BOOM) from a hold rating to a buy rating in a research report report published on Thursday morning, ValuEngine reports.

Other research analysts have also issued reports about the company. BidaskClub lowered Vertex Pharmaceuticals from a buy rating to a hold rating in a research report on Tuesday, July 9th. Roth Capital upped their target price on Broadwind Energy from $2.50 to $2.75 and gave the stock a buy rating in a research report on Monday, April 29th. Sidoti raised Dmc Global from a neutral rating to a buy rating and set a $76.00 target price on the stock in a research report on Wednesday. Zacks Investment Research lowered EXACT Sciences from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Finally, Stifel Nicolaus reaffirmed a buy rating and issued a $170.00 target price on shares of Spotify in a research report on Friday, April 26th. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $67.33.

Shares of BOOM stock opened at $64.96 on Thursday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.42 and a current ratio of 2.18. Dmc Global has a fifty-two week low of $30.25 and a fifty-two week high of $76.68. The business has a 50-day moving average price of $65.08. The firm has a market cap of $973.43 million, a price-to-earnings ratio of 24.89, a P/E/G ratio of 0.88 and a beta of 0.70.

Dmc Global (NASDAQ:BOOM) last issued its earnings results on Thursday, April 25th. The industrial products company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.28. Dmc Global had a return on equity of 30.04% and a net margin of 11.61%. The company had revenue of $100.10 million for the quarter, compared to analyst estimates of $99.95 million. During the same period in the prior year, the firm posted $0.49 EPS. The business’s revenue was up 48.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Dmc Global will post 3.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Sunday, June 30th will be paid a dividend of $0.02 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.08 annualized dividend and a dividend yield of 0.12%. Dmc Global’s dividend payout ratio (DPR) is presently 3.86%.

In other news, Director Richard P. Graff sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $65.44, for a total transaction of $65,440.00. Following the completion of the sale, the director now owns 32,243 shares in the company, valued at approximately $2,109,981.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ian Grieves sold 1,500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $68.73, for a total value of $103,095.00. Following the sale, the insider now owns 26,988 shares of the company’s stock, valued at approximately $1,854,885.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 6,828 shares of company stock valued at $474,481. 4.40% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. boosted its stake in Dmc Global by 11.8% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 11,692 shares of the industrial products company’s stock valued at $705,000 after purchasing an additional 1,236 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Dmc Global during the 2nd quarter valued at approximately $291,000. Crossmark Global Holdings Inc. acquired a new stake in Dmc Global during the 2nd quarter valued at approximately $352,000. WINTON GROUP Ltd lifted its stake in Dmc Global by 28.9% during the 2nd quarter. WINTON GROUP Ltd now owns 13,408 shares of the industrial products company’s stock valued at $849,000 after acquiring an additional 3,004 shares during the period. Finally, Marshall Wace North America L.P. acquired a new stake in Dmc Global during the 1st quarter valued at approximately $463,000. Institutional investors own 89.34% of the company’s stock.

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 and sells 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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Analyst Recommendations for Dmc Global (NASDAQ:BOOM)

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