Shares of Dmc Global Inc (NASDAQ:BOOM) have been assigned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $70.60.
A number of equities analysts have weighed in on the company. BidaskClub upgraded Dmc Global from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 12th. Zacks Investment Research upgraded Dmc Global from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Chardan Capital reiterated a “buy” rating and issued a $79.00 price objective on shares of Dmc Global in a report on Thursday, July 25th. Sidoti upgraded Dmc Global from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Wednesday, July 10th. Finally, ValuEngine cut Dmc Global from a “hold” rating to a “sell” rating in a report on Thursday, August 1st.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Brown Capital Management LLC boosted its holdings in shares of Dmc Global by 8.6% in the 2nd quarter. Brown Capital Management LLC now owns 2,524,955 shares of the industrial products company’s stock worth $159,956,000 after purchasing an additional 200,730 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Dmc Global by 115.2% in the 2nd quarter. BlackRock Inc. now owns 2,130,075 shares of the industrial products company’s stock worth $134,942,000 after purchasing an additional 1,140,047 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Dmc Global by 28.7% in the 2nd quarter. Vanguard Group Inc. now owns 882,542 shares of the industrial products company’s stock worth $55,909,000 after purchasing an additional 196,679 shares in the last quarter. Earnest Partners LLC purchased a new position in shares of Dmc Global in the 2nd quarter worth about $55,495,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Dmc Global by 37.6% in the 2nd quarter. Renaissance Technologies LLC now owns 598,196 shares of the industrial products company’s stock worth $37,896,000 after purchasing an additional 163,528 shares in the last quarter.
Shares of NASDAQ BOOM opened at $44.48 on Tuesday. The firm has a market capitalization of $687.49 million, a P/E ratio of 21.49, a P/E/G ratio of 0.64 and a beta of 0.75. The company has a quick ratio of 1.40, a current ratio of 2.25 and a debt-to-equity ratio of 0.20. The stock’s 50-day simple moving average is $45.36 and its two-hundred day simple moving average is $57.27. Dmc Global has a twelve month low of $30.25 and a twelve month high of $76.68.
Dmc Global (NASDAQ:BOOM) last announced its earnings results on Thursday, July 25th. The industrial products company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.29. The business had revenue of $110.95 million for the quarter, compared to analyst estimates of $104.84 million. Dmc Global had a return on equity of 35.18% and a net margin of 13.51%. The company’s quarterly revenue was up 37.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. As a group, research analysts anticipate that Dmc Global will post 3.67 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.125 dividend. This is a boost from Dmc Global’s previous quarterly dividend of $0.02. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Friday, September 27th. Dmc Global’s dividend payout ratio is presently 3.86%.
About Dmc Global
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.
Further Reading: Return on Investment (ROI)
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