DMC Global (NASDAQ:BOOM) Lowered to “Hold” Rating by Stifel Nicolaus

DMC Global (NASDAQ:BOOM) was downgraded by equities researchers at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Wednesday,Briefing.com Automated Import reports. They currently have a $8.00 target price on the industrial products company’s stock, down from their previous target price of $16.00. Stifel Nicolaus’ target price suggests a potential upside of 5.96% from the stock’s current price.

BOOM has been the topic of several other reports. Roth Mkm reiterated a “buy” rating and set a $24.00 target price on shares of DMC Global in a research report on Wednesday, July 31st. StockNews.com raised shares of DMC Global from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th.

DMC Global Stock Performance

NASDAQ:BOOM opened at $7.55 on Wednesday. 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 firm has a market cap of $151.20 million, a PE ratio of -0.96 and a beta of 1.66. The firm has a 50 day simple moving average of $11.29 and a 200-day simple moving average of $12.42. DMC Global has a 1-year low of $7.53 and a 1-year high of $19.73.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BOOM. Steel Partners Holdings L.P. increased its stake in DMC Global by 610.5% during the second quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock worth $28,451,000 after acquiring an additional 1,695,336 shares during the last quarter. AQR Capital Management LLC grew its holdings 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 period. Dimensional Fund Advisors LP increased its position in DMC Global by 11.9% during 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 in the last quarter. Pacific Ridge Capital Partners LLC raised its holdings 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 buying an additional 80,774 shares during the period. Finally, Massachusetts Financial Services Co. MA acquired a new position in DMC Global during the second quarter valued at approximately $1,090,000. 77.63% of the stock is owned by hedge funds and other 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.