DMC Global (NASDAQ:BOOM) Stock Rating Lowered by Stifel Nicolaus

DMC Global (NASDAQ:BOOM) was downgraded by research analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. They presently have a $8.00 price objective on the industrial products company’s stock, down from their prior price objective of $16.00. Stifel Nicolaus’ target price points to a potential upside of 5.68% from the stock’s previous close.

A number of other research firms also recently issued reports on BOOM. StockNews.com upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Roth Mkm reiterated a “buy” rating and issued a $24.00 price target on shares of DMC Global in a research note on Wednesday, July 31st.

DMC Global Trading Up 4.1 %

Shares of NASDAQ:BOOM opened at $7.57 on Wednesday. The firm has a market cap of $151.63 million, a price-to-earnings ratio of -0.96 and a beta of 1.66. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. DMC Global has a 12 month low of $7.16 and a 12 month high of $19.73. The company’s fifty day simple moving average is $11.17 and its 200 day simple moving average is $12.35.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.40). DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. The firm had revenue of $152.43 million for the quarter, compared to analyst estimates of $152.00 million. During the same period in the prior year, the company earned $0.50 earnings per share. As a group, research analysts forecast that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On DMC Global

A number of institutional investors and hedge funds have recently made changes to their positions in BOOM. Steel Partners Holdings L.P. increased its holdings in DMC Global by 610.5% during the second quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock worth $28,451,000 after buying an additional 1,695,336 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of DMC Global by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 1,259,669 shares of the industrial products company’s stock worth $24,551,000 after purchasing an additional 64,677 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of DMC Global by 11.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock worth $15,219,000 after purchasing an additional 112,138 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of DMC Global by 8.5% in the 1st quarter. Kennedy Capital Management LLC now owns 634,371 shares of the industrial products company’s stock valued at $12,364,000 after purchasing an additional 49,849 shares during the period. Finally, State Street Corp lifted its stake in DMC Global by 2.7% in the 3rd quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock valued at $5,226,000 after purchasing an additional 10,561 shares during the last quarter. Institutional investors own 77.63% of the company’s stock.

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.