Cerity Partners LLC Purchases Shares of 551,458 DMC Global Inc. (NASDAQ:BOOM)

Cerity Partners LLC purchased a new stake in DMC Global Inc. (NASDAQ:BOOM - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 551,458 shares of the industrial products company's stock, valued at approximately $10,378,000. Cerity Partners LLC owned about 2.79% of DMC Global as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of BOOM. New York State Teachers Retirement System purchased a new stake in shares of DMC Global during the 3rd quarter valued at $42,000. Point72 Hong Kong Ltd purchased a new stake in DMC Global during the 2nd quarter worth $34,000. Covestor Ltd purchased a new stake in DMC Global during the 3rd quarter worth $50,000. Point72 Asset Management L.P. boosted its position in DMC Global by 367.7% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,404 shares of the industrial products company's stock worth $43,000 after purchasing an additional 1,890 shares during the period. Finally, UBS Group AG boosted its position in DMC Global by 564.8% in the 3rd quarter. UBS Group AG now owns 2,659 shares of the industrial products company's stock valued at $43,000 after buying an additional 2,259 shares during the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

DMC Global Stock Down 3.8 %

Shares of DMC Global stock traded down $0.66 during trading on Monday, reaching $16.87. The company had a trading volume of 123,564 shares, compared to its average volume of 251,438. The company has a market cap of $333.86 million, a price-to-earnings ratio of 15.62 and a beta of 1.62. The firm's fifty day moving average is $17.95 and its 200-day moving average is $18.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 2.58. DMC Global Inc. has a fifty-two week low of $14.89 and a fifty-two week high of $27.16.

DMC Global (NASDAQ:BOOM - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.07). The firm had revenue of $174.04 million during the quarter, compared to analysts' expectations of $170.80 million. DMC Global had a net margin of 3.29% and a return on equity of 9.14%. During the same quarter last year, the company posted $0.22 EPS. On average, analysts anticipate that DMC Global Inc. will post 1.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Stifel Nicolaus decreased their price objective on shares of DMC Global from $28.00 to $27.00 and set a "buy" rating for the company in a research report on Tuesday, February 27th. StockNews.com raised shares of DMC Global from a "hold" rating to a "buy" rating in a research report on Thursday, April 4th.

DMC Global 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.