Dynamic Materials Corp. (NASDAQ:BOOM) insider Kevin T. Longe sold 3,642 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $21.50, for a total transaction of $78,303.00. Following the completion of the transaction, the insider now owns 225,089 shares of the company’s stock, valued at $4,839,413.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Dynamic Materials Corp. (NASDAQ BOOM) opened at $21.15 on Wednesday. Dynamic Materials Corp. has a 52 week low of $11.60 and a 52 week high of $23.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.76 and a quick ratio of 1.80.
Dynamic Materials Corp. (NASDAQ:BOOM) last issued its earnings results on Thursday, October 26th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.13. Dynamic Materials Corp. had a negative return on equity of 1.20% and a negative net margin of 10.69%. The business had revenue of $52.16 million during the quarter, compared to the consensus estimate of $46.25 million. During the same period last year, the company earned ($0.19) EPS. The company’s revenue for the quarter was up 42.7% on a year-over-year basis. analysts anticipate that Dynamic Materials Corp. will post 0.21 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOOM. Wells Fargo & Company MN grew its holdings in shares of Dynamic Materials Corp. by 5.0% during the 1st quarter. Wells Fargo & Company MN now owns 12,449 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 595 shares during the period. Bank of New York Mellon Corp boosted its holdings in Dynamic Materials Corp. by 22.9% during the 1st quarter. Bank of New York Mellon Corp now owns 75,197 shares of the industrial products company’s stock valued at $932,000 after acquiring an additional 13,988 shares during the period. American International Group Inc. boosted its holdings in Dynamic Materials Corp. by 7.1% during the 1st quarter. American International Group Inc. now owns 8,636 shares of the industrial products company’s stock valued at $107,000 after acquiring an additional 576 shares during the period. Vanguard Group Inc. boosted its holdings in Dynamic Materials Corp. by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 583,360 shares of the industrial products company’s stock valued at $7,234,000 after acquiring an additional 13,420 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Dynamic Materials Corp. by 5.1% during the 1st quarter. Geode Capital Management LLC now owns 101,268 shares of the industrial products company’s stock valued at $1,255,000 after acquiring an additional 4,916 shares during the period. Institutional investors and hedge funds own 86.95% of the company’s stock.
BOOM has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Dynamic Materials Corp. from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a report on Monday, October 30th. Roth Capital set a $22.00 target price on Dynamic Materials Corp. and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Finally, ValuEngine raised Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st.
Dynamic Materials Corp. Company 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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