Dmc Global’s (BOOM) Buy Rating Reaffirmed at Chardan Capital

Dmc Global (NASDAQ:BOOM)‘s stock had its “buy” rating reaffirmed by investment analysts at Chardan Capital in a research note issued on Thursday, July 25th, AnalystRatings.com reports. They presently have a $79.00 target price on the industrial products company’s stock. Chardan Capital’s price objective would indicate a potential upside of 74.09% from the stock’s current price.

A number of other equities analysts have also recently issued reports on BOOM. Stifel Nicolaus set a $73.00 target price on Dmc Global and gave the stock a “buy” rating in a report on Friday, April 26th. BidaskClub cut Dmc Global from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 9th. Roth Capital increased their target price on Dmc Global from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Monday, April 29th. Sidoti upgraded Dmc Global from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Wednesday, July 10th. Finally, Zacks Investment Research cut Dmc Global from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. Dmc Global currently has an average rating of “Hold” and an average target price of $67.33.

NASDAQ BOOM traded up $1.31 during trading hours on Thursday, reaching $45.38. The company’s stock had a trading volume of 231,359 shares, compared to its average volume of 281,236. The stock has a market cap of $657.42 million, a P/E ratio of 21.92, a P/E/G ratio of 0.64 and a beta of 0.65. The firm has a fifty day simple moving average of $56.49 and a 200-day simple moving average of $56.63. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.25 and a quick ratio of 1.40. Dmc Global has a 52 week low of $30.25 and a 52 week high of $76.68.

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

In other Dmc Global news, Director Richard P. Graff sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $65.44, for a total transaction of $65,440.00. Following the transaction, the director now directly owns 32,243 shares in the company, valued at approximately $2,109,981.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.40% of the stock is currently owned by company insiders.

Large investors have recently modified their holdings of the business. Nuveen Asset Management LLC bought a new position in Dmc Global in the second quarter valued at about $4,080,000. UBS Asset Management Americas Inc. bought a new position in Dmc Global in the second quarter valued at about $613,000. Jane Street Group LLC bought a new position in Dmc Global in the second quarter valued at about $211,000. Cubist Systematic Strategies LLC raised its stake in shares of Dmc Global by 270.2% in the second quarter. Cubist Systematic Strategies LLC now owns 34,395 shares of the industrial products company’s stock worth $2,179,000 after buying an additional 25,105 shares during the period. Finally, Morgan Stanley raised its stake in shares of Dmc Global by 1,011.1% in the second quarter. Morgan Stanley now owns 66,722 shares of the industrial products company’s stock worth $4,227,000 after buying an additional 60,717 shares during the period. Institutional investors and hedge funds own 93.68% of the company’s stock.

Dmc Global Company Profile

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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Analyst Recommendations for Dmc Global (NASDAQ:BOOM)

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