Thrivent Financial for Lutherans Acquires 613 Shares of Dmc Global Inc (NASDAQ:BOOM)

Thrivent Financial for Lutherans boosted its holdings in Dmc Global Inc (NASDAQ:BOOM) by 5.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,275 shares of the industrial products company’s stock after buying an additional 613 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Dmc Global worth $282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in shares of Dmc Global by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 87,939 shares of the industrial products company’s stock worth $3,952,000 after acquiring an additional 1,618 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Dmc Global by 2.8% in the 1st quarter. Wellington Management Group LLP now owns 677,513 shares of the industrial products company’s stock valued at $15,590,000 after purchasing an additional 18,610 shares during the period. Deutsche Bank AG increased its holdings in shares of Dmc Global by 58.7% during the 1st quarter. Deutsche Bank AG now owns 106,710 shares of the industrial products company’s stock worth $2,456,000 after purchasing an additional 39,482 shares during the period. Janus Henderson Group PLC acquired a new position in Dmc Global in the 4th quarter valued at approximately $22,288,000. Finally, State Street Corp grew its holdings in shares of Dmc Global by 4.4% during the 1st quarter. State Street Corp now owns 532,426 shares of the industrial products company’s stock worth $12,318,000 after purchasing an additional 22,197 shares in the last quarter.

NASDAQ BOOM opened at $27.60 on Wednesday. The firm has a market cap of $398.43 million, a PE ratio of 8.80, a price-to-earnings-growth ratio of 4.82 and a beta of 1.10. Dmc Global Inc has a one year low of $20.15 and a one year high of $66.76. The stock’s 50 day simple moving average is $29.07 and its 200 day simple moving average is $33.61. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.19 and a quick ratio of 1.22.

Dmc Global (NASDAQ:BOOM) last issued its quarterly earnings data on Thursday, April 23rd. The industrial products company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.05). The business had revenue of $73.56 million during the quarter, compared to the consensus estimate of $72.87 million. Dmc Global had a net margin of 6.21% and a return on equity of 27.05%. The company’s revenue for the quarter was down 26.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.02 EPS. As a group, equities analysts expect that Dmc Global Inc will post 0.28 earnings per share for the current year.

BOOM has been the subject of several research reports. ValuEngine raised Dmc Global from a “sell” rating to a “hold” rating in a research report on Friday, March 13th. BidaskClub upgraded shares of Dmc Global from a “sell” rating to a “hold” rating in a research note on Tuesday, June 9th. Roth Capital lowered Dmc Global from a “buy” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $30.00 in a research note on Monday, March 9th. Zacks Investment Research lowered Dmc Global from a “hold” rating to a “sell” rating in a research note on Thursday, June 11th. Finally, Stifel Nicolaus cut their price objective on Dmc Global from $37.00 to $33.00 and set a “buy” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $46.40.

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.

Further Reading: How does a dividend reinvestment plan work?

Want to see what other hedge funds are holding BOOM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dmc Global Inc (NASDAQ:BOOM).

Institutional Ownership by Quarter for Dmc Global (NASDAQ:BOOM)

Receive News & Ratings for Dmc Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dmc Global and related companies with MarketBeat.com's FREE daily email newsletter.