Thrivent Financial for Lutherans Acquires 5,243 Shares of DMC Global Inc. (NASDAQ:BOOM)

Thrivent Financial for Lutherans increased its position in shares of DMC Global Inc. (NASDAQ:BOOM) by 41.5% during the 2nd quarter, Holdings Channel reports. The firm owned 17,885 shares of the industrial products company’s stock after purchasing an additional 5,243 shares during the quarter. Thrivent Financial for Lutherans’ holdings in DMC Global were worth $1,005,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in BOOM. Wasatch Advisors Inc. boosted its holdings in DMC Global by 76.9% during the second quarter. Wasatch Advisors Inc. now owns 2,706,501 shares of the industrial products company’s stock worth $152,132,000 after purchasing an additional 1,176,797 shares during the last quarter. Cooke & Bieler LP boosted its holdings in DMC Global by 190.1% during the second quarter. Cooke & Bieler LP now owns 793,181 shares of the industrial products company’s stock worth $44,585,000 after purchasing an additional 519,725 shares during the last quarter. BlackRock Inc. boosted its holdings in DMC Global by 14.1% during the second quarter. BlackRock Inc. now owns 2,876,800 shares of the industrial products company’s stock worth $161,706,000 after purchasing an additional 354,622 shares during the last quarter. Van ECK Associates Corp boosted its holdings in DMC Global by 121.8% during the second quarter. Van ECK Associates Corp now owns 585,044 shares of the industrial products company’s stock worth $32,885,000 after purchasing an additional 321,251 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in DMC Global by 21.3% during the second quarter. Vanguard Group Inc. now owns 1,275,395 shares of the industrial products company’s stock worth $71,691,000 after purchasing an additional 224,298 shares during the last quarter.

BOOM opened at $38.63 on Thursday. The stock has a market cap of $723.35 million, a price-to-earnings ratio of 429.22, a PEG ratio of 11.66 and a beta of 1.15. DMC Global Inc. has a twelve month low of $35.61 and a twelve month high of $70.00. The company’s 50-day moving average price is $40.16 and its two-hundred day moving average price is $46.13.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings results on Wednesday, October 20th. The industrial products company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). DMC Global had a net margin of 0.67% and a return on equity of 0.67%. The business had revenue of $67.18 million during the quarter, compared to the consensus estimate of $70.90 million. During the same period last year, the firm earned $0.08 EPS. On average, sell-side analysts expect that DMC Global Inc. will post 0.16 EPS for the current year.

Several research analysts recently weighed in on the stock. Zacks Investment Research cut shares of DMC Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 26th. Roth Capital upgraded shares of DMC Global from a “neutral” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Friday, October 22nd.

DMC Global Company Profile

DMC Global, Inc is a holding company, which engages in the provision of technical products and services in the energy, industrial, and infrastructure markets. It operates through the following segments: NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for the construction of corrosion resistant industrial processing equipment and specialized transition joints.

Further Reading: Fiduciary

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Institutional Ownership by Quarter for DMC Global (NASDAQ:BOOM)

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