3 days Ago By ABMN Staff
DMC Global ( NASDAQ:BOOM – Get Free Report ) had its price target lowered by research analysts at Stifel Nicolaus from $9.50 to $9.00 in a report released on Tuesday, Benzinga reports.
The brokerage currently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 43.31% from the stock’s previous close.
Separately, StockNews.com upgraded shares of DMC Global from a “sell” rating to a “hold” rating in a research report on Wednesday, February 26th. View Our Latest Analysis on BOOM DMC Global Stock Up 1.
1 % DMC Global ( NASDAQ:BOOM – Get Free Report ) last announced its quarterly earnings data on Monday, February 24th. The industrial products company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.
29) by $0.38. The firm had revenue of $152.
37 million during the quarter, compared to the consensus estimate of $140.50 million. DMC Global had a positive return on equity of 1.
45% and a negative net margin of 14.23%. On average, equities analysts expect that DMC Global will post -0.
23 EPS for the current year. Institutional Trading of DMC Global Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC increased its position in DMC Global by 146.
1% during the 3rd quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 1,334 shares during the period. GAMMA Investing LLC lifted its holdings in DMC Global by 115.
6% in the first quarter. GAMMA Investing LLC now owns 5,342 shares of the industrial products company’s stock worth $45,000 after buying an additional 2,864 shares during the period. Quantbot Technologies LP bought a new stake in DMC Global during the 4th quarter valued at approximately $50,000.
AlphaQuest LLC boosted its position in DMC Global by 27.9% during the 4th quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company’s stock valued at $63,000 after acquiring an additional 1,876 shares in the last quarter.
Finally, Wells Fargo & Company MN grew its holdings in shares of DMC Global by 29.5% during the 4th quarter. Wells Fargo & Company MN now owns 11,701 shares of the industrial products company’s stock worth $86,000 after acquiring an additional 2,667 shares during the period.
Hedge funds and other institutional investors own 77.63% of the company’s stock. DMC Global Company Profile ( Get Free Report ) 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. Further Reading 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.
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