DMC Global’s (BOOM) Buy Rating Reiterated at Roth Mkm

DMC Global (NASDAQ:BOOM)‘s stock had its “buy” rating restated by research analysts at Roth Mkm in a research note issued on Wednesday, Benzinga reports. They presently have a $24.00 price target on the industrial products company’s stock. Roth Mkm’s price objective would suggest a potential upside of 76.99% from the company’s current price.

BOOM has been the subject of several other reports. StockNews.com cut shares of DMC Global from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Stifel Nicolaus dropped their price target on DMC Global from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Monday, May 6th.

DMC Global Price Performance

Shares of BOOM traded down $0.17 during mid-day trading on Wednesday, reaching $13.56. The stock had a trading volume of 122,257 shares, compared to its average volume of 268,200. The firm has a market cap of $270.93 million, a price-to-earnings ratio of 11.07 and a beta of 1.65. DMC Global has a 12 month low of $11.12 and a 12 month high of $27.16. The business has a fifty day moving average of $13.74 and a 200 day moving average of $15.83. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.12 and a current ratio of 2.54.

DMC Global (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, May 2nd. The industrial products company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $166.87 million for the quarter, compared to the consensus estimate of $172.35 million. DMC Global had a return on equity of 8.21% and a net margin of 3.61%. Equities analysts predict that DMC Global will post 0.97 EPS for the current year.

Hedge Funds Weigh In On DMC Global

Several institutional investors have recently bought and sold shares of BOOM. Steel Partners Holdings L.P. raised its position in shares of DMC Global by 610.5% during the 2nd quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock valued at $28,451,000 after buying an additional 1,695,336 shares in the last quarter. Cooke & Bieler LP increased its stake in DMC Global by 2.1% during the fourth quarter. Cooke & Bieler LP now owns 1,871,028 shares of the industrial products company’s stock worth $35,213,000 after acquiring an additional 38,606 shares during the last quarter. Vanguard Group Inc. raised its position in DMC Global by 5.4% during the first quarter. Vanguard Group Inc. now owns 1,259,669 shares of the industrial products company’s stock valued at $24,551,000 after purchasing an additional 64,677 shares during the period. Kennedy Capital Management LLC lifted its stake in shares of DMC Global by 8.5% in the 1st quarter. Kennedy Capital Management LLC now owns 634,371 shares of the industrial products company’s stock valued at $12,364,000 after purchasing an additional 49,849 shares during the last quarter. Finally, Cerity Partners LLC bought a new position in shares of DMC Global during the 4th quarter valued at approximately $10,378,000. Institutional investors own 77.63% of the company’s stock.

About DMC Global

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.