Dynamic Materials Corp. (BOOM) to Issue Quarterly Dividend of $0.02 on January 15th

Dynamic Materials Corp. (NASDAQ:BOOM) declared a quarterly dividend on Thursday, December 14th, NASDAQ reports. Stockholders of record on Sunday, December 31st will be given a dividend of 0.02 per share by the industrial products company on Monday, January 15th. This represents a $0.08 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Thursday, December 28th.

Dynamic Materials (NASDAQ BOOM) opened at $22.10 on Friday. The firm has a market capitalization of $322.71, a price-to-earnings ratio of -16.62, a PEG ratio of 5.20 and a beta of 0.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.80 and a current ratio of 2.76. Dynamic Materials has a twelve month low of $11.60 and a twelve month high of $23.30.

Dynamic Materials (NASDAQ:BOOM) last released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.13. The firm had revenue of $52.16 million for the quarter, compared to analysts’ expectations of $46.25 million. Dynamic Materials had a negative return on equity of 1.20% and a negative net margin of 10.69%. The company’s revenue was up 42.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.19) EPS. sell-side analysts predict that Dynamic Materials will post 0.21 earnings per share for the current fiscal year.

BOOM has been the topic of several research analyst reports. Zacks Investment Research raised Dynamic Materials from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a report on Monday, October 30th. Roth Capital set a $22.00 price target on Dynamic Materials and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, BidaskClub raised Dynamic Materials from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 9th. One investment analyst has rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. Dynamic Materials currently has a consensus rating of “Buy” and an average target price of $23.00.

In related news, insider Kevin T. Longe sold 3,642 shares of the firm’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $21.50, for a total value of $78,303.00. Following the transaction, the insider now directly owns 225,089 shares of the company’s stock, valued at approximately $4,839,413.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Yvon Pierre Cariou sold 15,065 shares of the firm’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $21.15, for a total value of $318,624.75. Following the completion of the transaction, the director now directly owns 199,414 shares in the company, valued at $4,217,606.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,642 shares of company stock worth $614,405. 5.10% of the stock is owned by insiders.

An institutional investor recently raised its position in Dynamic Materials stock. State Street Corp increased its stake in Dynamic Materials Corp. (NASDAQ:BOOM) by 7.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 211,940 shares of the industrial products company’s stock after purchasing an additional 14,471 shares during the quarter. State Street Corp owned approximately 1.43% of Dynamic Materials worth $2,777,000 at the end of the most recent quarter. 86.44% of the stock is currently owned by institutional investors.

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About Dynamic Materials

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.

Dividend History for Dynamic Materials (NASDAQ:BOOM)

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