Stifel Nicolaus Cuts DMC Global (NASDAQ:BOOM) Price Target to $24.00

DMC Global (NASDAQ:BOOM - Get Free Report) had its target price lowered by Stifel Nicolaus from $27.00 to $24.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a "buy" rating on the industrial products company's stock. Stifel Nicolaus' price target would suggest a potential upside of 81.82% from the company's previous close.

Separately, StockNews.com raised DMC Global from a "hold" rating to a "buy" rating in a research report on Thursday, April 4th.

DMC Global Price Performance

Shares of BOOM stock traded down $0.44 during mid-day trading on Monday, hitting $13.20. 533,425 shares of the stock traded hands, compared to its average volume of 247,078. DMC Global has a twelve month low of $12.97 and a twelve month high of $27.16. The firm has a market cap of $263.74 million, a price-to-earnings ratio of 10.85 and a beta of 1.59. The company's 50-day simple moving average is $17.57 and its 200-day simple moving average is $17.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.12 and a current ratio of 2.54.

DMC Global (NASDAQ:BOOM - Get Free Report) last issued its earnings results on Thursday, February 22nd. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.33 by ($0.07). The company had revenue of $174.04 million during the quarter, compared to analyst estimates of $170.80 million. DMC Global had a return on equity of 8.21% and a net margin of 3.61%. During the same quarter in the previous year, the firm earned $0.22 earnings per share. As a group, equities research analysts expect that DMC Global will post 1.5 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of DMC Global in the 1st quarter worth approximately $26,000. PNC Financial Services Group Inc. lifted its holdings in DMC Global by 82.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,343 shares of the industrial products company's stock worth $25,000 after buying an additional 606 shares in the last quarter. New York State Teachers Retirement System acquired a new position in DMC Global during the 3rd quarter worth $42,000. Covestor Ltd acquired a new position in DMC Global during the 3rd quarter worth $50,000. Finally, Tower Research Capital LLC TRC lifted its holdings in DMC Global by 722.2% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,971 shares of the industrial products company's stock worth $75,000 after buying an additional 3,488 shares in the last quarter. 77.63% of the stock is owned by institutional investors and hedge funds.

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.