Dmc Global (NASDAQ:BOOM) was downgraded by Sidoti from a “buy” rating to a “neutral” rating in a research report issued on Thursday, Marketbeat.com reports.

Several other analysts have also commented on the stock. BidaskClub raised shares of Dmc Global from a “hold” rating to a “buy” rating in a research report on Tuesday. Chardan Capital set a $79.00 price objective on shares of Dmc Global and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Roth Capital lifted their price objective on shares of Dmc Global from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Stifel Nicolaus lifted their price objective on shares of Dmc Global from $53.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Zacks Investment Research raised shares of Dmc Global from a “hold” rating to a “buy” rating and set a $51.00 price objective on the stock in a research report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $61.50.

Dmc Global stock opened at $66.07 on Thursday. Dmc Global has a fifty-two week low of $28.65 and a fifty-two week high of $70.67. The stock has a market cap of $990.32 million, a P/E ratio of 31.92, a PEG ratio of 0.94 and a beta of 0.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.26 and a current ratio of 2.05.

Dmc Global (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, February 21st. The industrial products company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.36 by $0.10. The business had revenue of $90.30 million for the quarter, compared to analyst estimates of $82.39 million. Dmc Global had a net margin of 9.34% and a return on equity of 25.65%. The company’s revenue for the quarter was up 65.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.09 earnings per share. As a group, research analysts anticipate that Dmc Global will post 3.67 earnings per share for the current year.

In other news, Director Yvon Pierre Cariou sold 17,393 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $46.71, for a total value of $812,427.03. Following the sale, the director now owns 129,135 shares of the company’s stock, valued at $6,031,895.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 4.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of BOOM. Ashford Capital Management Inc. bought a new stake in shares of Dmc Global in the fourth quarter valued at approximately $13,562,000. Norges Bank bought a new stake in shares of Dmc Global in the fourth quarter valued at approximately $4,470,000. Renaissance Technologies LLC raised its position in shares of Dmc Global by 32.4% in the third quarter. Renaissance Technologies LLC now owns 407,968 shares of the industrial products company’s stock valued at $16,645,000 after purchasing an additional 99,868 shares during the period. Mackenzie Financial Corp raised its position in shares of Dmc Global by 935.0% in the fourth quarter. Mackenzie Financial Corp now owns 82,798 shares of the industrial products company’s stock valued at $2,908,000 after purchasing an additional 74,798 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Dmc Global by 6.8% in the third quarter. Dimensional Fund Advisors LP now owns 767,436 shares of the industrial products company’s stock valued at $31,312,000 after purchasing an additional 48,733 shares during the period. 88.57% of the stock is currently owned by institutional investors.

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 and sells 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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Analyst Recommendations for Dmc Global (NASDAQ:BOOM)

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