Geode Capital Management LLC Decreases Stock Holdings in DMC Global Inc. (NASDAQ:BOOM)

Geode Capital Management LLC lowered its holdings in DMC Global Inc. (NASDAQ:BOOM) by 2.9% during the 3rd quarter, Holdings Channel reports. The firm owned 443,227 shares of the industrial products company’s stock after selling 13,172 shares during the period. Geode Capital Management LLC’s holdings in DMC Global were worth $5,754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of BOOM. Bank of New York Mellon Corp raised its stake in shares of DMC Global by 9.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,502 shares of the industrial products company’s stock worth $1,305,000 after purchasing an additional 7,528 shares during the period. Allspring Global Investments Holdings LLC raised its position in 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 worth $80,000 after acquiring an additional 4,231 shares during the period. Rhumbline Advisers boosted its stake in DMC Global by 5.4% in the second quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company’s stock valued at $461,000 after acquiring an additional 1,648 shares during the last quarter. American Century Companies Inc. boosted its stake in DMC Global by 97.0% in the second quarter. American Century Companies Inc. now owns 52,979 shares of the industrial products company’s stock valued at $764,000 after acquiring an additional 26,085 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in shares of DMC Global during the 2nd quarter valued at approximately $25,000. Institutional investors own 77.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on BOOM shares. Stifel Nicolaus lowered shares of DMC Global from a “buy” rating to a “hold” rating and reduced their price objective for the company from $16.00 to $8.00 in a research note on Wednesday, November 20th. StockNews.com lowered DMC Global from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th.

DMC Global Stock Up 1.4 %

Shares of NASDAQ:BOOM opened at $7.29 on Friday. The company has a market cap of $145.99 million, a price-to-earnings ratio of -0.92 and a beta of 1.58. DMC Global Inc. has a one year low of $6.64 and a one year high of $19.72. The firm has a fifty day moving average price of $8.05 and a two-hundred day moving average price of $11.13. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09.

DMC Global (NASDAQ:BOOM) last released its quarterly earnings results on Monday, November 4th. The industrial products company reported ($0.49) earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the business earned $0.50 EPS. Analysts anticipate that DMC Global Inc. will post -0.23 EPS for the current fiscal year.

DMC Global 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.