DMC Global (NASDAQ:BOOM) Posts Earnings Results, Misses Expectations By $0.36 EPS

DMC Global (NASDAQ:BOOM) posted its earnings results on Monday. The industrial products company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.36), FiscalAI reports. DMC Global had a negative net margin of 1.69% and a positive return on equity of 1.89%.

DMC Global Price Performance

NASDAQ:BOOM traded up $0.16 during mid-day trading on Monday, reaching $8.71. The stock had a trading volume of 364,873 shares, compared to its average volume of 197,886. DMC Global has a 12 month low of $5.46 and a 12 month high of $9.92. The stock has a market capitalization of $179.34 million, a PE ratio of -18.53 and a beta of 1.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.76 and a quick ratio of 1.41. The stock has a 50-day simple moving average of $7.77 and a two-hundred day simple moving average of $7.26.

Insider Activity

In related news, insider James Schladen sold 17,718 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $6.00, for a total transaction of $106,308.00. Following the completion of the sale, the insider directly owned 532,958 shares in the company, valued at $3,197,748. This represents a 3.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Cerity Partners LLC boosted its stake in shares of DMC Global by 0.3% in the 2nd quarter. Cerity Partners LLC now owns 554,254 shares of the industrial products company’s stock valued at $4,467,000 after purchasing an additional 1,755 shares in the last quarter. Barclays PLC increased its holdings in shares of DMC Global by 5.6% during the fourth quarter. Barclays PLC now owns 36,964 shares of the industrial products company’s stock worth $247,000 after buying an additional 1,969 shares in the last quarter. Quarry LP acquired a new position in shares of DMC Global during the third quarter worth $31,000. Invesco Ltd. lifted its stake in shares of DMC Global by 11.3% in the 4th quarter. Invesco Ltd. now owns 50,783 shares of the industrial products company’s stock valued at $340,000 after acquiring an additional 5,141 shares during the last quarter. Finally, Man Group plc boosted its holdings in shares of DMC Global by 5.9% during the 3rd quarter. Man Group plc now owns 94,939 shares of the industrial products company’s stock valued at $802,000 after acquiring an additional 5,281 shares in the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

Analysts Set New Price Targets

BOOM has been the topic of several recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of DMC Global in a research report on Monday, December 29th. Zacks Research upgraded shares of DMC Global from a “strong sell” rating to a “hold” rating in a research note on Monday, January 5th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, DMC Global currently has an average rating of “Reduce” and an average target price of $8.50.

DMC Global Company Profile

DMC Global Inc (NASDAQ: BOOM) is a diversified industrial company headquartered in Houston, Texas. It operates through two core business segments—EVI and MECO—that deliver engineered products and services primarily to the mining, oil and gas, and water treatment markets. The company focuses on innovation, precision manufacturing and aftermarket support to help clients improve operational efficiency and safety in challenging environments.

The EVI segment, operating under the DynaEnergetics brand, designs and manufactures explosive perforating systems, well completion tools and precision components for the non-metallic mining and oilfield services industries.