Great Lakes Advisors LLC purchased a new stake in shares of Dmc Global Inc (NASDAQ:BOOM) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 103,112 shares of the industrial products company’s stock, valued at approximately $6,532,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Dmc Global during the 1st quarter valued at about $78,000. Quantamental Technologies LLC lifted its position in Dmc Global by 29.6% during the 1st quarter. Quantamental Technologies LLC now owns 1,707 shares of the industrial products company’s stock valued at $85,000 after acquiring an additional 390 shares during the period. Advisor Group Inc. lifted its position in Dmc Global by 45.2% during the 2nd quarter. Advisor Group Inc. now owns 2,243 shares of the industrial products company’s stock valued at $143,000 after acquiring an additional 698 shares during the period. Aperio Group LLC purchased a new position in Dmc Global during the 2nd quarter valued at about $145,000. Finally, Legal & General Group Plc lifted its position in Dmc Global by 16.0% during the 4th quarter. Legal & General Group Plc now owns 2,580 shares of the industrial products company’s stock valued at $91,000 after acquiring an additional 356 shares during the period. 89.05% of the stock is owned by institutional investors.

Dmc Global stock traded up $1.16 during trading hours on Thursday, hitting $43.59. The stock had a trading volume of 4,978 shares, compared to its average volume of 437,147. The company has a quick ratio of 1.40, a current ratio of 2.25 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $643.70 million, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 0.60 and a beta of 0.65. Dmc Global Inc has a 12-month low of $30.25 and a 12-month high of $76.68. The stock’s 50-day moving average price is $54.20 and its 200-day moving average price is $56.48.

Dmc Global (NASDAQ:BOOM) last issued its earnings results on Thursday, July 25th. The industrial products company reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.29. The business had revenue of $110.95 million during the quarter, compared to analysts’ expectations of $104.84 million. Dmc Global had a net margin of 13.51% and a return on equity of 35.18%. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share. On average, research analysts expect that Dmc Global Inc will post 3.67 EPS for the current fiscal year.

BOOM has been the subject of a number of recent research reports. Roth Capital lifted their price target on shares of Dmc Global from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Monday, April 29th. Stifel Nicolaus set a $73.00 target price on shares of Dmc Global and gave the stock a “buy” rating in a report on Friday, April 26th. ValuEngine cut shares of Dmc Global from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Dmc Global from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, Chardan Capital reaffirmed a “buy” rating and issued a $79.00 target price on shares of Dmc Global in a report on Thursday, July 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. Dmc Global has a consensus rating of “Hold” and a consensus price target of $67.33.

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

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