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

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 lowered shares of DMC Global (NASDAQ:BOOM - Free Report) from a strong-buy rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on BOOM. Wall Street Zen cut DMC Global from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Stifel Nicolaus dropped their price target on DMC Global from $9.00 to $8.50 and set a "hold" rating on the stock in a research note on Monday, May 5th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $8.50.

DMC Global Price Performance

Shares of BOOM traded up $0.31 during mid-day trading on Tuesday, hitting $6.93. The company's stock had a trading volume of 279,297 shares, compared to its average volume of 220,254. The firm has a 50-day moving average price of $7.67 and a 200 day moving average price of $7.58. The stock has a market capitalization of $142.62 million, a price-to-earnings ratio of -0.80 and a beta of 1.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.76 and a quick ratio of 1.34. DMC Global has a fifty-two week low of $5.78 and a fifty-two week high of $13.77.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BOOM. GAMMA Investing LLC lifted its position in DMC Global by 115.6% in the 1st 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 in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of DMC Global by 236.2% in the first quarter. PNC Financial Services Group Inc. now owns 6,865 shares of the industrial products company's stock worth $58,000 after acquiring an additional 4,823 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of DMC Global during the second quarter worth $86,000. BNP Paribas Financial Markets boosted its position in DMC Global by 908.0% during the second quarter. BNP Paribas Financial Markets now owns 11,552 shares of the industrial products company's stock valued at $93,000 after purchasing an additional 10,406 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in DMC Global by 29.5% in the fourth quarter. Wells Fargo & Company MN now owns 11,701 shares of the industrial products company's stock valued at $86,000 after purchasing an additional 2,667 shares in the last quarter. 77.63% of the stock is owned by hedge funds and other institutional investors.

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.