Dmc Global (BOOM) Upgraded by BidaskClub to Buy

BidaskClub upgraded shares of Dmc Global (NASDAQ:BOOM) from a hold rating to a buy rating in a research note published on Tuesday morning, BidAskClub reports.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus lifted their target price on Dmc Global from $53.00 to $70.00 and gave the stock a buy rating in a research note on Monday, April 8th. Roth Capital lifted their target price on Dmc Global from $50.00 to $70.00 and gave the stock a buy rating in a research note on Monday, April 8th. Chardan Capital set a $79.00 target price on Dmc Global and gave the stock a buy rating in a research note on Wednesday, April 10th. Zacks Investment Research upgraded Dmc Global from a hold rating to a buy rating and set a $51.00 target price on the stock in a research note on Tuesday, March 19th. Finally, Sidoti set a $49.00 target price on Dmc Global and gave the stock a buy rating in a research note on Friday, February 22nd. Eight equities research analysts have rated the stock with a buy rating, Dmc Global currently has a consensus rating of Buy and a consensus price target of $61.50.

Shares of NASDAQ:BOOM opened at $68.74 on Tuesday. The company has a current ratio of 2.05, a quick ratio of 1.26 and a debt-to-equity ratio of 0.28. Dmc Global has a 1-year low of $28.30 and a 1-year high of $70.67. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 33.21, a P/E/G ratio of 0.94 and a beta of 0.66.

Dmc Global (NASDAQ:BOOM) last released its earnings results on Thursday, February 21st. The industrial products company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.10. The company had revenue of $90.30 million for the quarter, compared to analysts’ expectations of $82.39 million. Dmc Global had a return on equity of 25.65% and a net margin of 9.34%. The business’s revenue for the quarter was up 65.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 EPS. As a group, sell-side analysts forecast that Dmc Global will post 3.67 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 16th. Investors of record on Sunday, March 31st were issued a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.12%. The ex-dividend date was Thursday, March 28th. Dmc Global’s dividend payout ratio (DPR) is currently 3.86%.

In related news, Director Yvon Pierre Cariou sold 7,607 shares of Dmc Global stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $47.56, for a total value of $361,788.92. Following the completion of the sale, the director now owns 137,216 shares of the company’s stock, valued at approximately $6,525,992.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 4.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. HRT Financial LLC bought a new stake in Dmc Global in the 3rd quarter worth approximately $208,000. JPMorgan Chase & Co. lifted its position in Dmc Global by 383.7% in the third quarter. JPMorgan Chase & Co. now owns 26,500 shares of the industrial products company’s stock valued at $1,081,000 after purchasing an additional 21,021 shares during the last quarter. BlueMountain Capital Management LLC bought a new stake in Dmc Global in the third quarter valued at approximately $132,000. Chartwell Investment Partners LLC bought a new stake in Dmc Global in the first quarter valued at approximately $1,750,000. Finally, Mackenzie Financial Corp bought a new stake in Dmc Global in the third quarter valued at approximately $326,000. Institutional investors own 88.57% of the company’s stock.

About Dmc Global

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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