Stifel Nicolaus Forecasts Strong Price Appreciation for DMC Global (NASDAQ:BOOM) Stock

DMC Global (NASDAQ:BOOM) had its target price boosted by Stifel Nicolaus from $8.00 to $9.50 in a report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 11.90% from the stock’s previous close.

Separately, StockNews.com raised DMC Global from a “sell” rating to a “hold” rating in a report on Wednesday.

DMC Global Stock Down 4.2 %

NASDAQ BOOM opened at $8.49 on Wednesday. DMC Global has a 12 month low of $6.64 and a 12 month high of $19.72. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28. The stock has a market cap of $170.02 million, a PE ratio of -1.08 and a beta of 1.59. The stock’s 50 day moving average is $7.83 and its 200 day moving average is $9.59.

DMC Global (NASDAQ:BOOM) last released its earnings results on Monday, February 24th. The industrial products company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.29) by $0.38. The firm had revenue of $152.37 million for the quarter, compared to the consensus estimate of $140.50 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. Research analysts predict that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On DMC Global

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in shares of DMC Global by 92.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company’s stock worth $1,236,000 after buying an additional 45,722 shares in the last quarter. Barclays PLC lifted its holdings in shares of DMC Global by 291.0% in the 3rd quarter. Barclays PLC now owns 26,741 shares of the industrial products company’s stock valued at $347,000 after acquiring an additional 19,901 shares during the last quarter. State Street Corp grew its position in DMC Global by 2.7% in the third quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock worth $5,226,000 after acquiring an additional 10,561 shares in the last quarter. Hunter Associates Investment Management LLC increased its stake in DMC Global by 19.1% during the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock worth $3,078,000 after acquiring an additional 67,410 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in DMC Global by 5.0% during the fourth quarter. Empowered Funds LLC now owns 95,590 shares of the industrial products company’s stock worth $703,000 after acquiring an additional 4,579 shares during the last quarter. Institutional investors own 77.63% of the company’s stock.

DMC Global Company 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.