Federated Hermes Inc. Raises Holdings in DMC Global (NASDAQ:BOOM)

Key Points

• Federated Hermes Inc. increased its stake in DMC Global by 313.1%, owning now 232,781 shares valued at approximately $1.96 million.
• Over 77% of DMC Global's stock is held by institutional investors, indicating strong institutional interest in the company.
• Analysts have recently downgraded DMC Global's rating from "buy" to "hold," with price targets adjusted downwards from $9.00 to $8.50.

Federated Hermes Inc. lifted its position in shares of DMC Global (NASDAQ:BOOM - Free Report) by 313.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 232,781 shares of the industrial products company's stock after buying an additional 176,425 shares during the quarter. Federated Hermes Inc. owned approximately 1.13% of DMC Global worth $1,960,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tabor Asset Management LP purchased a new stake in DMC Global in the first quarter worth about $166,000. Cooke & Bieler LP raised its holdings in shares of DMC Global by 12.0% in the 1st quarter. Cooke & Bieler LP now owns 1,963,653 shares of the industrial products company's stock valued at $16,534,000 after purchasing an additional 210,234 shares in the last quarter. Hunter Associates Investment Management LLC lifted its position in shares of DMC Global by 9.9% in the 1st quarter. Hunter Associates Investment Management LLC now owns 461,380 shares of the industrial products company's stock worth $3,877,000 after purchasing an additional 41,737 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of DMC Global by 3.2% in the 1st quarter. SummerHaven Investment Management LLC now owns 57,390 shares of the industrial products company's stock worth $483,000 after purchasing an additional 1,766 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of DMC Global by 115.6% during the first quarter. GAMMA Investing LLC now owns 5,342 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 2,864 shares in the last quarter. Hedge funds and other institutional investors own 77.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BOOM. Stifel Nicolaus reduced their price objective on shares of DMC Global from $9.00 to $8.50 and set a "hold" rating for the company in a research note on Monday, May 5th. Wall Street Zen downgraded DMC Global from a "buy" rating to a "hold" rating in a report on Friday, July 18th.

DMC Global Stock Down 5.3%

DMC Global stock traded down $0.33 during trading hours on Friday, reaching $5.85. The stock had a trading volume of 385,357 shares, compared to its average volume of 166,205. The company has a market cap of $120.39 million, a price-to-earnings ratio of -0.68 and a beta of 1.48. The business's 50 day moving average price is $7.88 and its 200-day moving average price is $7.69. DMC Global has a 52 week low of $5.78 and a 52 week high of $13.77. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.76 and a quick ratio of 1.33.

DMC Global (NASDAQ:BOOM - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The industrial products company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.05 by $0.07. DMC Global had a negative net margin of 17.54% and a negative return on equity of 1.27%. The firm had revenue of $155.49 million during the quarter, compared to analyst estimates of $151.60 million. Sell-side analysts anticipate that DMC Global will post -0.23 EPS for the current 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.