Stifel Nicolaus Cuts DMC Global (NASDAQ:BOOM) Price Target to $9.00

DMC Global (NASDAQ:BOOM - Get Free Report) had its price objective decreased by investment analysts at Stifel Nicolaus from $9.50 to $9.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a "hold" rating on the industrial products company's stock. Stifel Nicolaus' price target would indicate a potential upside of 39.10% from the company's previous close.

Separately, StockNews.com raised shares of DMC Global from a "sell" rating to a "hold" rating in a research report on Wednesday, February 26th.

DMC Global Stock Up 3.0 %

Shares of DMC Global stock traded up $0.19 during trading on Tuesday, hitting $6.47. 209,221 shares of the stock traded hands, compared to its average volume of 249,529. The stock has a market cap of $132.96 million, a P/E ratio of -0.82 and a beta of 1.41. The company has a fifty day moving average price of $7.95 and a two-hundred day moving average price of $8.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 2.37. DMC Global has a twelve month low of $6.02 and a twelve month high of $17.22.

DMC Global (NASDAQ:BOOM - Get Free Report) last posted its earnings results on Monday, February 24th. The industrial products company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.29) by $0.38. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. The firm had revenue of $152.37 million for the quarter, compared to the consensus estimate of $140.50 million. Equities research analysts predict that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On DMC Global

Several hedge funds have recently made changes to their positions in the stock. Cooke & Bieler LP raised its stake in shares of DMC Global by 3.1% in the fourth quarter. Cooke & Bieler LP now owns 1,753,419 shares of the industrial products company's stock valued at $12,888,000 after purchasing an additional 53,478 shares in the last quarter. Voss Capital LP lifted its holdings in shares of DMC Global by 229.0% during the 4th quarter. Voss Capital LP now owns 1,019,197 shares of the industrial products company's stock worth $7,491,000 after acquiring an additional 709,413 shares during the period. Ameriprise Financial Inc. boosted its position in shares of DMC Global by 325.7% during the 4th quarter. Ameriprise Financial Inc. now owns 872,339 shares of the industrial products company's stock valued at $6,412,000 after acquiring an additional 667,429 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in DMC Global by 9.8% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 563,443 shares of the industrial products company's stock valued at $4,141,000 after acquiring an additional 50,211 shares during the period. Finally, Geode Capital Management LLC raised its position in DMC Global by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company's stock worth $3,276,000 after purchasing an additional 2,339 shares in the last quarter. Institutional investors own 77.63% of the company's stock.

DMC Global Company Profile

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.