JPMorgan Chase & Co. Increases Stock Position in DMC Global Inc. (NASDAQ:BOOM)

JPMorgan Chase & Co. lifted its position in shares of DMC Global Inc. (NASDAQ:BOOM - Free Report) by 39.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,422 shares of the industrial products company's stock after purchasing an additional 37,217 shares during the quarter. JPMorgan Chase & Co. owned 0.66% of DMC Global worth $973,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in DMC Global by 44.9% during the fourth quarter. American Century Companies Inc. now owns 140,979 shares of the industrial products company's stock worth $1,036,000 after acquiring an additional 43,671 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of DMC Global in the fourth quarter valued at approximately $50,000. Cooke & Bieler LP increased its position in shares of DMC Global by 3.1% during the fourth quarter. Cooke & Bieler LP now owns 1,753,419 shares of the industrial products company's stock worth $12,888,000 after acquiring an additional 53,478 shares in the last quarter. AlphaQuest LLC raised its holdings in shares of DMC Global by 27.9% during the fourth quarter. AlphaQuest LLC now owns 8,594 shares of the industrial products company's stock worth $63,000 after acquiring an additional 1,876 shares during the period. Finally, Victory Capital Management Inc. lifted its position in DMC Global by 7.4% in the 4th quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company's stock valued at $175,000 after acquiring an additional 1,654 shares in the last quarter. Institutional investors and hedge funds own 77.63% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BOOM. Stifel Nicolaus lowered their price objective on shares of DMC Global from $9.50 to $9.00 and set a "hold" rating on the stock in a report on Tuesday, April 15th. StockNews.com upgraded DMC Global from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th.

DMC Global Price Performance

BOOM stock traded up $0.81 during trading on Friday, reaching $7.26. 222,310 shares of the company were exchanged, compared to its average volume of 251,499. DMC Global Inc. has a twelve month low of $6.02 and a twelve month high of $16.76. The company has a market capitalization of $149.10 million, a price-to-earnings ratio of -0.92 and a beta of 1.41. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The company has a 50-day moving average of $7.59 and a two-hundred day moving average of $8.10.

DMC Global (NASDAQ:BOOM - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The industrial products company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.19. The company had revenue of $159.29 million for the quarter, compared to analyst estimates of $149.00 million. DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. As a group, equities analysts predict that DMC Global Inc. 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.