Charles Schwab Investment Management Inc. Cuts Stock Position in DMC Global Inc. (NASDAQ:BOOM)

Charles Schwab Investment Management Inc. decreased its stake in shares of DMC Global Inc. (NASDAQ:BOOM) by 12.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 130,561 shares of the industrial products company’s stock after selling 18,001 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in DMC Global were worth $960,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Hunter Associates Investment Management LLC increased its holdings in shares of DMC Global by 19.1% during the fourth quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company’s stock valued at $3,078,000 after acquiring an additional 67,410 shares in the last quarter. State Street Corp grew its position in DMC Global by 2.7% during the 3rd quarter. State Street Corp now owns 402,644 shares of the industrial products company’s stock valued at $5,226,000 after purchasing an additional 10,561 shares during the last quarter. Villanova Investment Management Co LLC increased its stake in DMC Global by 14.8% during the 3rd quarter. Villanova Investment Management Co LLC now owns 132,939 shares of the industrial products company’s stock valued at $1,726,000 after purchasing an additional 17,110 shares in the last quarter. Empowered Funds LLC raised its holdings in DMC Global by 5.0% in the fourth quarter. Empowered Funds LLC now owns 95,590 shares of the industrial products company’s stock worth $703,000 after buying an additional 4,579 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of DMC Global by 92.4% in the third quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company’s stock worth $1,236,000 after buying an additional 45,722 shares in the last quarter. 77.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on BOOM. Stifel Nicolaus raised their price target on shares of DMC Global from $8.00 to $9.50 and gave the company a “hold” rating in a research report on Wednesday, February 26th. StockNews.com raised DMC Global from a “sell” rating to a “hold” rating in a report on Wednesday, February 26th.

DMC Global Stock Performance

Shares of NASDAQ BOOM opened at $8.39 on Monday. The firm’s 50-day moving average price is $8.30 and its 200-day moving average price is $9.09. DMC Global Inc. has a 52-week low of $6.65 and a 52-week high of $19.72. The company has a market cap of $169.83 million, a PE ratio of -1.06 and a beta of 1.59. The company has a quick ratio of 1.09, a current ratio of 2.37 and a debt-to-equity ratio of 0.28.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Monday, February 24th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.38. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The company had revenue of $152.37 million for the quarter, compared to analysts’ expectations of $140.50 million. As a group, analysts anticipate 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.