Dmc Global Inc (NASDAQ:BOOM) shares gapped down before the market opened on Monday . The stock had previously closed at $45.34, but opened at $51.48. Dmc Global shares last traded at $52.38, with a volume of 14,888 shares trading hands.

Several equities analysts have issued reports on the stock. Chardan Capital restated a “buy” rating and set a $55.00 target price on shares of Editas Medicine in a research note on Thursday. Stifel Nicolaus restated a “buy” rating and set a $170.00 target price on shares of Spotify in a research note on Friday, April 26th. BidaskClub cut shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. Roth Capital upped their target price on shares of Broadwind Energy from $2.50 to $2.75 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, Sidoti upgraded shares of Dmc Global from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Dmc Global has an average rating of “Hold” and an average price target of $67.33.

The firm has a market capitalization of $775.17 million, a PE ratio of 24.99, a PEG ratio of 0.70 and a beta of 0.70. The company has a current ratio of 2.25, a quick ratio of 1.40 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $61.83.

Dmc Global (NASDAQ:BOOM) last released its quarterly earnings results on Thursday, July 25th. The industrial products company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.29. Dmc Global had a net margin of 13.51% and a return on equity of 35.18%. The firm had revenue of $110.95 million during the quarter, compared to analyst estimates of $104.84 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 37.1% compared to the same quarter last year. As a group, analysts predict that Dmc Global Inc will post 3.67 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Sunday, June 30th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.15%. The ex-dividend date was Thursday, June 27th. Dmc Global’s payout ratio is currently 3.86%.

In other news, Director Richard P. Graff sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $65.44, for a total transaction of $65,440.00. Following the completion of the sale, the director now owns 32,243 shares of the company’s stock, valued at approximately $2,109,981.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ian Grieves sold 1,500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $68.73, for a total transaction of $103,095.00. Following the sale, the insider now directly owns 26,988 shares of the company’s stock, valued at approximately $1,854,885.24. The disclosure for this sale can be found here. Insiders have sold a total of 6,828 shares of company stock valued at $474,481 in the last ninety days. Insiders own 4.40% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOOM. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Dmc Global during the 1st quarter valued at about $78,000. Quantamental Technologies LLC increased its holdings in Dmc Global by 29.6% in the 1st quarter. Quantamental Technologies LLC now owns 1,707 shares of the industrial products company’s stock worth $85,000 after acquiring an additional 390 shares in the last quarter. Legal & General Group Plc increased its holdings in Dmc Global by 16.0% in the 4th quarter. Legal & General Group Plc now owns 2,580 shares of the industrial products company’s stock worth $91,000 after acquiring an additional 356 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Dmc Global by 4,820.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 2,706 shares of the industrial products company’s stock worth $92,000 after acquiring an additional 2,651 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Dmc Global in the 2nd quarter worth approximately $176,000. 89.85% of the stock is owned by hedge funds and other institutional investors.

About Dmc Global (NASDAQ:BOOM)

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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