JPMorgan Chase & Co. Has $1.24 Million Stock Position in DMC Global Inc. (NASDAQ:BOOM)

JPMorgan Chase & Co. boosted its holdings in shares of DMC Global Inc. (NASDAQ:BOOM) by 92.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 95,205 shares of the industrial products company’s stock after acquiring an additional 45,722 shares during the quarter. JPMorgan Chase & Co. owned 0.48% of DMC Global worth $1,236,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its position in DMC Global by 11.9% in 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. State Street Corp raised its position in DMC Global by 2.7% during the third quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock valued at $5,226,000 after acquiring an additional 10,561 shares in the last quarter. Pacific Ridge Capital Partners LLC lifted its stake in DMC Global by 25.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock valued at $5,656,000 after acquiring an additional 80,774 shares during the last quarter. Hunter Associates Investment Management LLC grew its position in DMC Global by 1.6% in the third quarter. Hunter Associates Investment Management LLC now owns 352,233 shares of the industrial products company’s stock worth $4,565,000 after acquiring an additional 5,525 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of DMC Global by 202.7% during the 2nd quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock worth $3,642,000 after purchasing an additional 169,150 shares during the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

Wall Street Analysts Forecast Growth

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

DMC Global Price Performance

Shares of DMC Global stock opened at $7.31 on Friday. 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 firm has a fifty day simple moving average of $7.48 and a 200-day simple moving average of $10.44. The stock has a market capitalization of $146.42 million, a price-to-earnings ratio of -0.93 and a beta of 1.59. DMC Global Inc. has a 1-year low of $6.64 and a 1-year high of $19.72.

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

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.