Brandywine Global Investment Management LLC held its position in Dynamic Materials Corp. (NASDAQ:BOOM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,200 shares of the industrial products company’s stock at the end of the 2nd quarter. Brandywine Global Investment Management LLC owned about 0.18% of Dynamic Materials Corp. worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Dynamic Materials Corp. by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 726,083 shares of the industrial products company’s stock valued at $9,512,000 after acquiring an additional 53,899 shares during the period. Hunter Associates Investment Management LLC increased its stake in Dynamic Materials Corp. by 5.4% in the second quarter. Hunter Associates Investment Management LLC now owns 337,834 shares of the industrial products company’s stock valued at $4,426,000 after acquiring an additional 17,247 shares during the period. Northern Trust Corp increased its stake in Dynamic Materials Corp. by 2.6% in the second quarter. Northern Trust Corp now owns 155,509 shares of the industrial products company’s stock valued at $2,038,000 after acquiring an additional 3,963 shares during the period. Ameriprise Financial Inc. increased its stake in Dynamic Materials Corp. by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 358,862 shares of the industrial products company’s stock valued at $4,701,000 after acquiring an additional 1,830 shares during the period. Finally, Teachers Advisors LLC increased its stake in Dynamic Materials Corp. by 6.8% in the second quarter. Teachers Advisors LLC now owns 25,019 shares of the industrial products company’s stock valued at $328,000 after acquiring an additional 1,588 shares during the period. 86.02% of the stock is currently owned by institutional investors and hedge funds.
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In other news, insider Ian Grieves sold 4,743 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $13.92, for a total value of $66,022.56. Following the completion of the transaction, the insider now directly owns 15,874 shares in the company, valued at approximately $220,966.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by insiders.
Shares of Dynamic Materials Corp. (NASDAQ BOOM) opened at 17.55 on Wednesday. Dynamic Materials Corp. has a 1-year low of $9.80 and a 1-year high of $18.45. The company has a 50-day moving average of $14.90 and a 200-day moving average of $13.72. The company’s market cap is $259.21 million.
Dynamic Materials Corp. (NASDAQ:BOOM) last issued its earnings results on Thursday, July 27th. The industrial products company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $47.20 million during the quarter, compared to analysts’ expectations of $44.20 million. Dynamic Materials Corp. had a negative net margin of 5.01% and a negative return on equity of 6.38%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) EPS.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.46%. The ex-dividend date is Thursday, September 28th. Dynamic Materials Corp.’s payout ratio is presently -14.04%.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine raised shares of Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.
Dynamic Materials Corp. Profile
DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.
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