115,650 Shares in DMC Global $BOOM Acquired by GABELLI & Co INVESTMENT ADVISERS INC.

Key Points

• GABELLI & Co INVESTMENT ADVISERS INC. has acquired 115,650 shares of DMC Global, representing a new position worth approximately $974,000, which accounts for 0.56% of the company's stock.
• Multiple large investors have increased their stakes in DMC Global, with 77.63% of the stock now owned by institutional investors, reflecting growing interest in the company.
• DMC Global reported earnings that exceeded analyst expectations, with a revenue of $155.49 million for the quarter, while its stock is currently rated as a "hold" by several analysts.

GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of DMC Global (NASDAQ:BOOM - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 115,650 shares of the industrial products company's stock, valued at approximately $974,000. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.56% of DMC Global at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD lifted its position in shares of DMC Global by 5.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 26,952 shares of the industrial products company's stock worth $199,000 after buying an additional 1,342 shares during the last quarter. Jane Street Group LLC lifted its position in shares of DMC Global by 13.3% during the 4th quarter. Jane Street Group LLC now owns 13,520 shares of the industrial products company's stock worth $99,000 after buying an additional 1,585 shares during the last quarter. SummerHaven Investment Management LLC lifted its position in shares of DMC Global by 3.2% during the 1st quarter. SummerHaven Investment Management LLC now owns 57,390 shares of the industrial products company's stock worth $483,000 after buying an additional 1,766 shares during the last quarter. Invesco Ltd. lifted its position in shares of DMC Global by 4.4% during the 4th quarter. Invesco Ltd. now owns 51,022 shares of the industrial products company's stock worth $375,000 after buying an additional 2,128 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of DMC Global by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 445,566 shares of the industrial products company's stock worth $3,276,000 after buying an additional 2,339 shares during the last quarter. 77.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BOOM has been the subject of several recent analyst reports. Stifel Nicolaus dropped their price objective on DMC Global from $9.00 to $8.50 and set a "hold" rating for the company in a research report on Monday, May 5th. Zacks Research cut DMC Global from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 19th. Finally, Wall Street Zen cut DMC Global from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $8.50.

DMC Global Trading Up 6.2%

Shares of BOOM stock traded up $0.39 on Friday, hitting $6.70. The company had a trading volume of 235,500 shares, compared to its average volume of 247,448. The firm has a market cap of $137.89 million, a P/E ratio of -0.78 and a beta of 1.48. The stock's 50-day moving average is $7.54 and its two-hundred day moving average is $7.52. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.34 and a current ratio of 2.76. DMC Global has a twelve month low of $5.78 and a twelve month high of $13.77.

DMC Global (NASDAQ:BOOM - Get Free Report) last issued its quarterly 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 company had revenue of $155.49 million during the quarter, compared to analysts' expectations 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, equities research analysts anticipate that DMC Global will post -0.23 earnings per share for the current fiscal year.

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.