Empowered Funds LLC Has $1.18 Million Holdings in DMC Global Inc. (NASDAQ:BOOM)

Empowered Funds LLC grew its holdings in DMC Global Inc. (NASDAQ:BOOM) by 5.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 91,011 shares of the industrial products company’s stock after purchasing an additional 4,556 shares during the period. Empowered Funds LLC owned about 0.45% of DMC Global worth $1,181,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in BOOM. Meeder Asset Management Inc. bought a new position in shares of DMC Global in the second quarter valued at $25,000. CWM LLC grew its stake in shares of DMC Global by 1,245.4% in the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $40,000 after buying an additional 2,553 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of DMC Global by 315.3% in the second quarter. Allspring Global Investments Holdings LLC now owns 5,573 shares of the industrial products company’s stock valued at $80,000 after buying an additional 4,231 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of DMC Global by 68.4% in the first quarter. BNP Paribas Financial Markets now owns 9,783 shares of the industrial products company’s stock valued at $191,000 after buying an additional 3,974 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System bought a new position in shares of DMC Global in the first quarter valued at $194,000. 77.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Roth Mkm reaffirmed a “buy” rating and set a $24.00 price objective on shares of DMC Global in a research report on Wednesday, July 31st. StockNews.com cut shares of DMC Global from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Stifel Nicolaus cut shares of DMC Global from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $16.00 to $8.00 in a research report on Wednesday.

DMC Global Trading Down 2.2 %

Shares of DMC Global stock opened at $7.40 on Friday. The firm has a 50-day moving average of $11.10 and a 200-day moving average of $12.31. The stock has a market cap of $148.22 million, a PE ratio of -0.94 and a beta of 1.66. DMC Global Inc. has a 52-week low of $7.16 and a 52-week high of $19.73. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37.

DMC Global (NASDAQ:BOOM) last posted its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). The company had revenue of $152.43 million during the quarter, compared to analyst estimates of $152.00 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. During the same period last year, the firm earned $0.50 EPS. As a group, sell-side analysts forecast that DMC Global Inc. will post -0.23 EPS for the current year.

About DMC Global

DMC Global Inc provides a suite of engineered products and various solutions for the construction, energy, industrial processing, and transportation markets worldwide. The company operates through three segments: Arcadia, DynaEnergetics, and NobelClad. The Arcadia segment manufactures, assembles, and sells architectural building products, including exterior and interior framing systems, curtain walls, windows, doors, and interior partitions; architectural components, architectural framing systems, entrance systems, and sun control products; sliding and glazing systems; and thermally broken steel, aluminum windows and doors, and wood doors and windows.