BidaskClub upgraded shares of Dmc Global (NASDAQ:BOOM) from a hold rating to a buy rating in a report published on Tuesday morning.

A number of other equities analysts have also weighed in on BOOM. Zacks Investment Research upgraded shares of Dmc Global from a hold rating to a strong-buy rating and set a $24.00 price target for the company in a research report on Thursday, February 8th. Roth Capital set a $22.00 price target on shares of Dmc Global and gave the stock a buy rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $23.00.

Dmc Global (BOOM) opened at $21.75 on Tuesday. Dmc Global has a 12-month low of $11.60 and a 12-month high of $26.15. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.80 and a current ratio of 2.76.

The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Sunday, December 31st were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, December 28th. Dmc Global’s dividend payout ratio (DPR) is presently -6.01%.

In other news, insider Kevin T. Longe sold 3,642 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $21.50, for a total value of $78,303.00. Following the transaction, the insider now owns 225,089 shares of the company’s stock, valued at $4,839,413.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. lifted its holdings in shares of Dmc Global by 0.5% in the second quarter. Ameriprise Financial Inc. now owns 358,862 shares of the industrial products company’s stock worth $4,701,000 after buying an additional 1,830 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Dmc Global by 22.7% in the third quarter. Nationwide Fund Advisors now owns 106,789 shares of the industrial products company’s stock worth $1,805,000 after buying an additional 19,721 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Dmc Global by 2.4% in the third quarter. New York State Common Retirement Fund now owns 392,457 shares of the industrial products company’s stock worth $6,633,000 after buying an additional 9,127 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Dmc Global by 9.0% in the third quarter. Royce & Associates LP now owns 628,419 shares of the industrial products company’s stock worth $10,620,000 after buying an additional 52,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Dmc Global by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 726,083 shares of the industrial products company’s stock worth $9,512,000 after buying an additional 53,899 shares in the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

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Dmc Global Company Profile

DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.

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