Geode Capital Management LLC Has $5.75 Million Stake in DMC Global Inc. (NASDAQ:BOOM)

Geode Capital Management LLC lessened its stake in shares of DMC Global Inc. (NASDAQ:BOOM) by 2.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 443,227 shares of the industrial products company’s stock after selling 13,172 shares during the period. Geode Capital Management LLC owned 2.21% of DMC Global worth $5,754,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new position in shares of DMC Global during the second quarter valued at about $25,000. FMR LLC increased its position in DMC Global by 146.1% in the 3rd quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock valued at $29,000 after buying an additional 1,334 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in 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 buying an additional 4,231 shares during the period. Quest Partners LLC boosted its holdings in DMC Global by 25.7% in the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after acquiring an additional 1,373 shares in the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in DMC Global in the third quarter valued at approximately $130,000. 77.63% of the stock is owned by institutional investors.

DMC Global Stock Up 1.4 %

BOOM stock opened at $7.29 on Friday. The stock’s 50 day moving average is $8.05 and its 200-day moving average is $11.13. DMC Global Inc. has a twelve month low of $6.64 and a twelve month high of $19.72. The firm has a market capitalization of $145.99 million, a PE ratio of -0.92 and a beta of 1.58. 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 (NASDAQ:BOOM) last posted its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) earnings per share (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 firm had revenue of $152.43 million for the quarter, compared to analysts’ expectations of $152.00 million. During the same period in the prior year, the firm earned $0.50 earnings per share. Sell-side analysts expect that DMC Global Inc. will post -0.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on BOOM shares. Stifel Nicolaus cut DMC Global from a “buy” rating to a “hold” rating and cut their target price for the stock from $16.00 to $8.00 in a report on Wednesday, November 20th. StockNews.com cut shares of DMC Global from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th.

DMC Global Profile

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.