DMC Global (NASDAQ:BOOM) Stock Rating Lowered by StockNews.com

DMC Global (NASDAQ:BOOM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Monday.

Separately, Stifel Nicolaus cut their price objective on shares of DMC Global from $27.00 to $24.00 and set a “buy” rating on the stock in a report on Monday.

DMC Global Stock Down 1.1 %

Shares of NASDAQ:BOOM opened at $13.05 on Monday. The firm’s 50 day moving average price is $17.41 and its 200 day moving average price is $17.40. The stock has a market cap of $260.74 million, a price-to-earnings ratio of 10.70 and a beta of 1.59. DMC Global has a fifty-two week low of $12.97 and a fifty-two week high of $27.16. The company has a quick ratio of 1.12, a current ratio of 2.54 and a debt-to-equity ratio of 0.21.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.07). DMC Global had a return on equity of 8.21% and a net margin of 3.61%. The company had revenue of $174.04 million for the quarter, compared to analyst estimates of $170.80 million. During the same period in the previous year, the business posted $0.22 EPS. As a group, equities research analysts predict that DMC Global will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On DMC Global

A number of hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its position in shares of DMC Global by 82.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 606 shares during the last quarter. New York State Common Retirement Fund grew its position in DMC Global by 1.8% in the 3rd quarter. New York State Common Retirement Fund now owns 35,411 shares of the industrial products company’s stock valued at $867,000 after buying an additional 641 shares during the last quarter. Rice Hall James & Associates LLC grew its position in DMC Global by 0.7% in the 1st quarter. Rice Hall James & Associates LLC now owns 110,970 shares of the industrial products company’s stock valued at $2,163,000 after buying an additional 757 shares during the last quarter. Los Angeles Capital Management LLC grew its position in DMC Global by 1.0% in the 4th quarter. Los Angeles Capital Management LLC now owns 110,635 shares of the industrial products company’s stock valued at $2,082,000 after buying an additional 1,068 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in DMC Global in the 1st quarter valued at $26,000. 77.63% of the stock is currently owned by hedge funds and other institutional investors.

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.