Barclays PLC Has $347,000 Stock Position in DMC Global Inc. (NASDAQ:BOOM)

Barclays PLC lifted its position in shares of DMC Global Inc. (NASDAQ:BOOM) by 291.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,741 shares of the industrial products company’s stock after purchasing an additional 19,901 shares during the quarter. Barclays PLC owned approximately 0.13% of DMC Global worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp lifted its position in DMC Global by 9.1% in the second quarter. Bank of New York Mellon Corp now owns 90,502 shares of the industrial products company’s stock worth $1,305,000 after purchasing an additional 7,528 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of DMC Global by 315.3% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 5,573 shares of the industrial products company’s stock worth $80,000 after acquiring an additional 4,231 shares during the period. Rhumbline Advisers boosted its position in shares of DMC Global by 5.4% during the 2nd quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company’s stock valued at $461,000 after acquiring an additional 1,648 shares in the last quarter. American Century Companies Inc. increased its stake in DMC Global by 97.0% in the second quarter. American Century Companies Inc. now owns 52,979 shares of the industrial products company’s stock valued at $764,000 after acquiring an additional 26,085 shares during the period. Finally, Meeder Asset Management Inc. bought a new stake in DMC Global in the second quarter valued at about $25,000. 77.63% of the stock is currently owned by institutional investors.

DMC Global Price Performance

NASDAQ:BOOM opened at $7.29 on Friday. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28. The firm has a market cap of $145.99 million, a PE ratio of -0.92 and a beta of 1.58. DMC Global Inc. has a 12 month low of $6.64 and a 12 month high of $19.72. The company’s 50-day moving average price is $8.05 and its two-hundred day moving average price is $11.13.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $152.43 million for the quarter, compared to the consensus estimate of $152.00 million. During the same quarter last year, the company earned $0.50 earnings per share. On average, equities analysts anticipate that DMC Global Inc. will post -0.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BOOM shares. Stifel Nicolaus downgraded DMC Global from a “buy” rating to a “hold” rating and decreased their price objective for the company from $16.00 to $8.00 in a report on Wednesday, November 20th. StockNews.com lowered DMC Global from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th.

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.