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

DMC Global (NASDAQ:BOOM) had its price objective increased by Stifel Nicolaus from $8.00 to $9.50 in a research note published on Wednesday,Benzinga reports. Stifel Nicolaus currently has a hold rating on the industrial products company’s stock.

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

DMC Global Stock Down 2.3 %

NASDAQ:BOOM opened at $8.85 on Wednesday. The stock has a market cap of $177.25 million, a price-to-earnings ratio of -1.12 and a beta of 1.59. 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 50-day moving average price of $7.80 and a two-hundred day moving average price of $9.59. DMC Global has a 1 year low of $6.64 and a 1 year high of $19.72.

DMC Global (NASDAQ:BOOM) last posted its earnings results on Monday, February 24th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.38. The business had revenue of $152.37 million during the quarter, compared to analysts’ expectations of $140.50 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. As a group, equities analysts expect that DMC Global will post -0.23 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Los Angeles Capital Management LLC lifted its stake in DMC Global by 5.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock valued at $274,000 after acquiring an additional 1,120 shares in the last quarter. FMR LLC raised its holdings 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 purchasing an additional 1,334 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of DMC Global by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 26,952 shares of the industrial products company’s stock worth $199,000 after purchasing an additional 1,342 shares in the last quarter. Quest Partners LLC boosted its holdings in DMC Global by 25.7% during the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after purchasing an additional 1,373 shares during the last quarter. Finally, Jane Street Group LLC grew its position in DMC Global by 13.3% in the fourth quarter. Jane Street Group LLC now owns 13,520 shares of the industrial products company’s stock valued at $99,000 after purchasing an additional 1,585 shares in the last quarter. 77.63% of the stock is currently owned by institutional investors.

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.