New York State Common Retirement Fund Has $51,000 Stock Holdings in DMC Global Inc. (NASDAQ:BOOM)

New York State Common Retirement Fund trimmed its holdings in DMC Global Inc. (NASDAQ:BOOM) by 78.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,965 shares of the industrial products company’s stock after selling 25,752 shares during the period. New York State Common Retirement Fund’s holdings in DMC Global were worth $51,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of DMC Global by 146.1% in the third 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. Quest Partners LLC lifted its stake in shares of DMC Global by 25.7% in the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock valued at $87,000 after buying an additional 1,373 shares in the last quarter. FNY Investment Advisers LLC lifted its stake in shares of DMC Global by 82.4% in the fourth quarter. FNY Investment Advisers LLC now owns 15,500 shares of the industrial products company’s stock valued at $113,000 after buying an additional 7,000 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of DMC Global in the third quarter valued at $130,000. Finally, Lakewood Asset Management LLC lifted its stake in shares of DMC Global by 40.8% in the fourth quarter. Lakewood Asset Management LLC now owns 22,257 shares of the industrial products company’s stock valued at $164,000 after buying an additional 6,450 shares in the last quarter. 77.63% of the stock is owned by institutional investors.

DMC Global Stock Down 0.6 %

BOOM opened at $8.25 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The company’s 50-day moving average is $7.95 and its 200 day moving average is $9.48. DMC Global Inc. has a fifty-two week low of $6.64 and a fifty-two week high of $19.72. The firm has a market capitalization of $167.00 million, a P/E ratio of -1.05 and a beta of 1.59.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data 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 business had revenue of $152.37 million for the quarter, compared to analyst estimates 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 expect that DMC Global Inc. will post -0.23 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com raised shares of DMC Global from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th. Stifel Nicolaus raised their price target on shares of DMC Global from $8.00 to $9.50 and gave the company a “hold” rating in a research report on Wednesday, February 26th.

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.