Dmc Global (NASDAQ:BOOM) Lifted to “Buy” at Sidoti

Sidoti upgraded shares of Dmc Global (NASDAQ:BOOM) from a neutral rating to a buy rating in a research report released on Wednesday, Briefing.com Automated Import reports. The firm currently has $76.00 target price on the industrial products company’s stock.

Other equities research analysts have also recently issued reports about the stock. Chardan Capital set a $79.00 price target on shares of Dmc Global and gave the company a buy rating in a report on Wednesday, April 10th. BidaskClub cut shares of Vertex Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday. Stifel Nicolaus restated a buy rating and set a $170.00 price target on shares of Spotify in a report on Friday, April 26th. Roth Capital upped their price target on shares of Broadwind Energy from $2.50 to $2.75 and gave the company a buy rating in a report on Monday, April 29th. Finally, ValuEngine upgraded shares of Vistra Energy from a hold rating to a buy rating in a report on Wednesday, July 3rd. Two equities research analysts have rated the stock with a sell rating and six have issued a buy rating to the stock. Dmc Global currently has a consensus rating of Buy and an average price target of $67.33.

Shares of NASDAQ:BOOM opened at $64.96 on Wednesday. The company has a market capitalization of $973.10 million, a PE ratio of 31.38, a PEG ratio of 0.89 and a beta of 0.70. Dmc Global has a 1 year low of $30.25 and a 1 year high of $76.68. The stock has a fifty day simple moving average of $65.08. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.18 and a quick ratio of 1.42.

Dmc Global (NASDAQ:BOOM) last issued its quarterly earnings data on Thursday, April 25th. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.28. The firm had revenue of $100.10 million during the quarter, compared to analysts’ expectations of $99.95 million. Dmc Global had a net margin of 11.61% and a return on equity of 30.04%. Dmc Global’s revenue for the quarter was up 48.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. On average, equities analysts anticipate that Dmc Global will post 3.69 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Sunday, June 30th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.12%. The ex-dividend date is Thursday, June 27th. Dmc Global’s dividend payout ratio (DPR) is 3.86%.

In other news, insider Ian Grieves sold 1,500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $68.73, for a total transaction of $103,095.00. Following the completion of the transaction, the insider now owns 26,988 shares of the company’s stock, valued at $1,854,885.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard P. Graff sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.44, for a total transaction of $65,440.00. Following the transaction, the director now directly owns 32,243 shares of the company’s stock, valued at approximately $2,109,981.92. The disclosure for this sale can be found here. Insiders have sold 6,828 shares of company stock valued at $474,481 over the last 90 days. Corporate insiders own 4.40% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of Dmc Global by 16.0% during the fourth quarter. Legal & General Group Plc now owns 2,580 shares of the industrial products company’s stock valued at $91,000 after buying an additional 356 shares during the last quarter. Quantamental Technologies LLC raised its position in shares of Dmc Global by 29.6% during the first quarter. Quantamental Technologies LLC now owns 1,707 shares of the industrial products company’s stock valued at $85,000 after buying an additional 390 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its position in shares of Dmc Global by 11.8% during the second quarter. Mesirow Financial Investment Management Inc. now owns 11,692 shares of the industrial products company’s stock valued at $705,000 after buying an additional 1,236 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Dmc Global during the first quarter valued at about $78,000. Finally, Northern Trust Corp raised its position in shares of Dmc Global by 1.3% during the fourth quarter. Northern Trust Corp now owns 180,384 shares of the industrial products company’s stock valued at $6,335,000 after buying an additional 2,296 shares during the last quarter. 89.34% of the stock is owned by institutional investors and hedge funds.

Dmc Global Company Profile

DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces and sells explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.

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