Shares of Dmc Global Inc (NASDAQ:BOOM) have been given an average recommendation of “Buy” by the eight brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $50.25.
A number of equities research analysts have recently weighed in on BOOM shares. BidaskClub downgraded Dmc Global from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 30th. TheStreet raised Dmc Global from a “c” rating to a “b-” rating in a report on Wednesday, September 5th. Stifel Nicolaus assumed coverage on Dmc Global in a report on Monday, September 10th. They issued a “buy” rating and a $53.00 target price on the stock. Zacks Investment Research raised Dmc Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 26th. Finally, ValuEngine lowered Dmc Global from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd.
A number of hedge funds have recently made changes to their positions in the stock. Teachers Advisors LLC raised its position in Dmc Global by 8.3% in the 3rd quarter. Teachers Advisors LLC now owns 27,080 shares of the industrial products company’s stock valued at $1,105,000 after purchasing an additional 2,078 shares during the last quarter. Macquarie Group Ltd. bought a new position in Dmc Global in the 2nd quarter valued at $135,000. ClariVest Asset Management LLC raised its position in Dmc Global by 22,957.1% in the 2nd quarter. ClariVest Asset Management LLC now owns 3,228 shares of the industrial products company’s stock valued at $145,000 after purchasing an additional 3,214 shares during the last quarter. BlueMountain Capital Management LLC bought a new position in Dmc Global in the 3rd quarter valued at $132,000. Finally, HRT Financial LLC bought a new position in Dmc Global in the 3rd quarter valued at $208,000. 87.02% of the stock is currently owned by institutional investors and hedge funds.
Dmc Global (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, October 25th. The industrial products company reported $0.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.19. Dmc Global had a return on equity of 22.24% and a net margin of 4.56%. The company had revenue of $87.88 million during the quarter, compared to the consensus estimate of $83.35 million. On average, research analysts forecast that Dmc Global will post 2 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.23%. The ex-dividend date is Friday, December 28th. Dmc Global’s dividend payout ratio is 50.00%.
About Dmc Global
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 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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