United Services Automobile Association lessened its position in Dmc Global Inc (NASDAQ:BOOM) by 19.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 115,856 shares of the industrial products company’s stock after selling 28,360 shares during the period. United Services Automobile Association’s holdings in Dmc Global were worth $5,202,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Northern Trust Corp lifted its position in shares of Dmc Global by 13.2% in the 2nd quarter. Northern Trust Corp now owns 174,169 shares of the industrial products company’s stock valued at $7,820,000 after acquiring an additional 20,242 shares in the last quarter. Macquarie Group Ltd. acquired a new position in Dmc Global in the 2nd quarter valued at approximately $135,000. Voya Investment Management LLC acquired a new position in Dmc Global in the 2nd quarter valued at approximately $255,000. Manatuck Hill Partners LLC increased its stake in Dmc Global by 631.9% in the 2nd quarter. Manatuck Hill Partners LLC now owns 182,979 shares of the industrial products company’s stock valued at $8,216,000 after buying an additional 157,979 shares during the period. Finally, Raymond James & Associates acquired a new position in Dmc Global in the 2nd quarter valued at approximately $230,000. Institutional investors and hedge funds own 84.80% of the company’s stock.

In other news, Director Yvon Pierre Cariou sold 25,000 shares of the stock in a transaction on Tuesday, August 21st. The shares were sold at an average price of $42.97, for a total transaction of $1,074,250.00. Following the transaction, the director now owns 144,823 shares in the company, valued at approximately $6,223,044.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider John Edgar Scheatzle, Jr. sold 1,299 shares of the stock in a transaction on Friday, August 17th. The stock was sold at an average price of $41.41, for a total transaction of $53,791.59. The disclosure for this sale can be found here. Corporate insiders own 5.20% of the company’s stock.

Several research firms have weighed in on BOOM. Zacks Investment Research upgraded shares of Dmc Global from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 26th. Stifel Nicolaus began coverage on shares of Dmc Global in a research note on Monday, September 10th. They issued a “buy” rating and a $53.00 price objective on the stock. BidaskClub lowered shares of Dmc Global from a “buy” rating to a “hold” rating in a research note on Saturday, September 8th. TheStreet upgraded shares of Dmc Global from a “c” rating to a “b-” rating in a research note on Wednesday, September 5th. Finally, Roth Capital set a $58.00 price objective on shares of Dmc Global and gave the company a “buy” rating in a research note on Saturday, July 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Dmc Global currently has a consensus rating of “Buy” and an average price target of $49.75.

Dmc Global stock opened at $37.20 on Friday. The company has a market capitalization of $607.46 million, a price-to-earnings ratio of 228.81, a P/E/G ratio of 1.06 and a beta of 0.43. The company has a current ratio of 2.22, a quick ratio of 1.30 and a debt-to-equity ratio of 0.30. Dmc Global Inc has a twelve month low of $17.20 and a twelve month high of $51.05.

Dmc Global (NASDAQ:BOOM) last released its quarterly earnings data on Thursday, July 26th. The industrial products company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The firm had revenue of $80.90 million for the quarter, compared to analyst estimates of $74.95 million. Dmc Global had a negative net margin of 2.25% and a positive return on equity of 16.70%. The company’s revenue for the quarter was up 71.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. Equities research analysts forecast that Dmc Global Inc will post 1.93 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Sunday, September 30th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.08 annualized dividend and a dividend yield of 0.22%. Dmc Global’s dividend payout ratio (DPR) is 50.00%.

Dmc Global Profile

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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Institutional Ownership by Quarter for Dmc Global (NASDAQ:BOOM)

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