Stifel Nicolaus Downgrades DMC Global (NASDAQ:BOOM) to Hold

Stifel Nicolaus downgraded shares of DMC Global (NASDAQ:BOOM) from a buy rating to a hold rating in a research report sent to investors on Wednesday, MarketBeat.com reports. Stifel Nicolaus currently has $8.00 price target on the industrial products company’s stock, down from their prior price target of $16.00.

A number of other analysts have also recently commented on the stock. StockNews.com upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Roth Mkm reaffirmed a “buy” rating and issued a $24.00 price target on shares of DMC Global in a report on Wednesday, July 31st.

DMC Global Stock Performance

Shares of BOOM opened at $7.40 on Wednesday. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28. The firm has a market cap of $148.22 million, a PE ratio of -0.94 and a beta of 1.66. DMC Global has a 12 month low of $7.16 and a 12 month high of $19.73. The stock has a fifty day moving average price of $11.10 and a 200-day moving average price of $12.31.

DMC Global (NASDAQ:BOOM) last released 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). DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The business had revenue of $152.43 million during the quarter, compared to analysts’ expectations of $152.00 million. During the same quarter last year, the business posted $0.50 earnings per share. Equities research analysts predict that DMC Global will post -0.23 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in DMC Global in the 2nd quarter worth approximately $25,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of DMC Global in the 1st quarter valued at $26,000. FMR LLC increased its stake in shares of DMC Global by 146.1% in the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 1,334 shares during the period. CWM LLC lifted its position in DMC Global by 1,245.4% during the second quarter. CWM LLC now owns 2,758 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 2,553 shares during the period. Finally, Quest Partners LLC boosted its holdings in DMC Global by 25.7% in the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock valued at $87,000 after purchasing an additional 1,373 shares during the last quarter. 77.63% of the stock is currently owned by hedge funds and other institutional investors.

DMC Global Company Profile

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.