DMC Global Inc. (NASDAQ:BOOM) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its position in DMC Global Inc. (NASDAQ:BOOM) by 59.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 379,128 shares of the industrial products company’s stock after buying an additional 141,809 shares during the quarter. Wellington Management Group LLP owned 1.92% of DMC Global worth $7,135,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC boosted its position in shares of DMC Global by 722.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company’s stock worth $75,000 after acquiring an additional 3,488 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of DMC Global by 20.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 269,071 shares of the industrial products company’s stock worth $5,064,000 after acquiring an additional 45,944 shares in the last quarter. Millrace Asset Group Inc. acquired a new position in shares of DMC Global during the 4th quarter worth about $1,507,000. Franklin Resources Inc. boosted its position in shares of DMC Global by 11.9% during the 4th quarter. Franklin Resources Inc. now owns 213,091 shares of the industrial products company’s stock worth $4,010,000 after acquiring an additional 22,626 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in shares of DMC Global by 5.7% during the 4th quarter. Panagora Asset Management Inc. now owns 128,490 shares of the industrial products company’s stock worth $2,418,000 after acquiring an additional 6,954 shares in the last quarter. 77.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com cut DMC Global from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. Stifel Nicolaus reduced their target price on DMC Global from $27.00 to $24.00 and set a “buy” rating for the company in a report on Monday, May 6th.

DMC Global Stock Up 0.5 %

DMC Global stock opened at $14.42 on Friday. DMC Global Inc. has a fifty-two week low of $11.12 and a fifty-two week high of $27.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.12 and a current ratio of 2.54. The company has a market capitalization of $288.14 million, a P/E ratio of 11.82 and a beta of 1.59. The stock has a 50-day simple moving average of $13.91 and a 200-day simple moving average of $16.45.

DMC Global (NASDAQ:BOOM) last posted its earnings results on Thursday, May 2nd. The industrial products company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. DMC Global had a return on equity of 8.21% and a net margin of 3.61%. The business had revenue of $166.87 million during the quarter, compared to the consensus estimate of $172.35 million. Equities research analysts expect that DMC Global Inc. will post 0.97 earnings per share for the current year.

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.