Barclays PLC Buys 59,530 Shares of Dmc Global Inc (NASDAQ:BOOM)

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Barclays PLC boosted its stake in shares of Dmc Global Inc (NASDAQ:BOOM) by 197.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,755 shares of the industrial products company’s stock after acquiring an additional 59,530 shares during the quarter. Barclays PLC’s holdings in Dmc Global were worth $3,947,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Captrust Financial Advisors bought a new stake in Dmc Global during the second quarter worth approximately $42,000. Bank of Montreal Can bought a new stake in Dmc Global during the second quarter worth approximately $107,000. Ladenburg Thalmann Financial Services Inc. bought a new stake in Dmc Global during the second quarter worth approximately $139,000. Advisor Group Inc. increased its stake in Dmc Global by 45.2% during the second quarter. Advisor Group Inc. now owns 2,243 shares of the industrial products company’s stock worth $143,000 after acquiring an additional 698 shares during the last quarter. Finally, Aperio Group LLC bought a new stake in Dmc Global during the second quarter worth approximately $145,000. 89.34% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on the company. Zacks Investment Research cut Dmc Global from a “hold” rating to a “sell” rating in a research note on Monday, October 28th. BidaskClub raised Dmc Global from a “strong sell” rating to a “sell” rating in a research note on Monday, November 25th. Sidoti set a $79.00 price objective on Dmc Global and gave the stock a “buy” rating in a research note on Friday, September 27th. Roth Capital reduced their price objective on Dmc Global from $75.00 to $64.00 in a research note on Wednesday, October 23rd. Finally, ValuEngine cut Dmc Global from a “sell” rating to a “strong sell” rating in a research note on Friday, September 20th. Three research analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. Dmc Global currently has a consensus rating of “Hold” and a consensus price target of $66.00.

BOOM opened at $46.09 on Monday. The stock has a market cap of $675.02 million, a price-to-earnings ratio of 12.98, a P/E/G ratio of 0.63 and a beta of 0.78. The stock’s 50 day moving average price is $43.93 and its 200-day moving average price is $52.33. Dmc Global Inc has a one year low of $33.41 and a one year high of $76.68. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.46 and a current ratio of 2.38.

Dmc Global (NASDAQ:BOOM) last released its earnings results on Thursday, October 24th. The industrial products company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.13. The firm had revenue of $100.10 million for the quarter, compared to analysts’ expectations of $99.63 million. Dmc Global had a return on equity of 34.64% and a net margin of 13.60%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.68 earnings per share. As a group, analysts predict that Dmc Global Inc will post 3.68 earnings per share for the current fiscal year.

Dmc Global 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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Institutional Ownership by Quarter for Dmc Global (NASDAQ:BOOM)

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