Federated Hermes Inc. Has $414,000 Position in DMC Global Inc. (NASDAQ:BOOM)

Federated Hermes Inc. boosted its stake in DMC Global Inc. (NASDAQ:BOOM) by 95.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,356 shares of the industrial products company’s stock after buying an additional 27,530 shares during the quarter. Federated Hermes Inc. owned approximately 0.28% of DMC Global worth $414,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BOOM. FMR LLC lifted its stake in shares of DMC Global by 146.1% in the 3rd quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 1,334 shares during the last quarter. Victory Capital Management Inc. grew its stake in DMC Global by 7.4% in the 4th quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company’s stock valued at $175,000 after buying an additional 1,654 shares during the last quarter. AlphaQuest LLC raised its holdings in DMC Global by 27.9% in the 4th quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company’s stock worth $63,000 after acquiring an additional 1,876 shares during the period. Geode Capital Management LLC boosted its holdings in DMC Global by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company’s stock valued at $3,276,000 after acquiring an additional 2,339 shares during the period. Finally, Wells Fargo & Company MN grew its position in shares of DMC Global by 29.5% in the fourth quarter. Wells Fargo & Company MN now owns 11,701 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 2,667 shares during the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on BOOM shares. Stifel Nicolaus lowered their target price on DMC Global from $9.50 to $9.00 and set a “hold” rating on the stock in a report on Tuesday. StockNews.com upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a research note on Wednesday, February 26th.

DMC Global Trading Up 3.0 %

DMC Global stock opened at $6.47 on Friday. DMC Global Inc. has a 12 month low of $6.02 and a 12 month high of $17.22. The stock has a market cap of $132.96 million, a price-to-earnings ratio of -0.82 and a beta of 1.41. The business has a 50 day moving average price of $7.99 and a two-hundred day moving average price of $8.56. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Monday, February 24th. The industrial products company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.29) by $0.38. The firm had revenue of $152.37 million during the quarter, compared to analysts’ expectations of $140.50 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. As a group, equities analysts forecast that DMC Global Inc. will post -0.23 EPS for the current year.

DMC Global Company Profile

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.