DMC Global (NASDAQ:BOOM) Downgraded to "Hold" Rating by Zacks Research

Key Points

• DMC Global's stock rating was downgraded from "strong-buy" to "hold" by Zacks Research, reflecting a more cautious outlook on the company.
• Several brokerages have lowered their price targets for DMC Global, with the current average target price set at $8.50.
• Despite the downgrade, DMC Global's shares recently opened at $6.60, showing a slight increase of 1.5% on the day.

Zacks Research cut shares of DMC Global (NASDAQ:BOOM - Free Report) from a strong-buy rating to a hold rating in a research note issued to investors on Tuesday, August 19th,Zacks.com reports.

BOOM has been the topic of several other research reports. Stifel Nicolaus decreased their target price on DMC Global from $9.00 to $8.50 and set a "hold" rating on the stock in a research report on Monday, May 5th. Wall Street Zen downgraded DMC Global from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, DMC Global has a consensus rating of "Hold" and a consensus target price of $8.50.

DMC Global Price Performance

Shares of NASDAQ BOOM traded down $0.08 during midday trading on Tuesday, hitting $6.72. The stock had a trading volume of 34,908 shares, compared to its average volume of 198,156. The company has a market capitalization of $138.20 million, a PE ratio of -0.78 and a beta of 1.48. The stock has a 50 day simple moving average of $7.65 and a 200-day simple moving average of $7.57. DMC Global has a 1 year low of $5.78 and a 1 year high of $13.77. The company has a quick ratio of 1.34, a current ratio of 2.76 and a debt-to-equity ratio of 0.22.

DMC Global (NASDAQ:BOOM - Get Free Report) last released its earnings results on Tuesday, August 5th. The industrial products company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.07. The business had revenue of $155.49 million for the quarter, compared to the consensus estimate of $151.60 million. DMC Global had a negative return on equity of 1.27% and a negative net margin of 17.54%. DMC Global has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that DMC Global will post -0.23 EPS for the current fiscal year.

Institutional Investors Weigh In On DMC Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BOOM. JPMorgan Chase & Co. increased its stake in DMC Global by 39.1% during the fourth quarter. JPMorgan Chase & Co. now owns 132,422 shares of the industrial products company's stock worth $973,000 after acquiring an additional 37,217 shares during the last quarter. Geode Capital Management LLC increased its stake in DMC Global by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company's stock worth $3,276,000 after acquiring an additional 2,339 shares during the last quarter. Wells Fargo & Company MN increased its stake in DMC Global by 29.5% during the fourth 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 last quarter. Russell Investments Group Ltd. increased its stake in DMC Global by 18,343.8% during the fourth quarter. Russell Investments Group Ltd. now owns 53,856 shares of the industrial products company's stock worth $396,000 after acquiring an additional 53,564 shares during the last quarter. Finally, Invesco Ltd. increased its stake in DMC Global by 4.4% during the fourth quarter. Invesco Ltd. now owns 51,022 shares of the industrial products company's stock worth $375,000 after acquiring an additional 2,128 shares during the last quarter. Institutional investors and hedge funds own 77.63% of the company's stock.

About DMC Global

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.