Stephens began coverage on shares of Dmc Global (NASDAQ:BOOM) in a research report released on Wednesday morning, The Fly reports. The brokerage issued an overweight rating and a $50.00 price target on the industrial products company’s stock.
A number of other equities analysts have also weighed in on the company. Zacks Investment Research upgraded Dmc Global from a hold rating to a buy rating and set a $41.00 target price on the stock in a research note on Wednesday. BidaskClub upgraded Dmc Global from a sell rating to a hold rating in a research note on Tuesday, December 4th. ValuEngine lowered Dmc Global from a buy rating to a hold rating in a research note on Saturday, November 10th. Roth Capital set a $50.00 target price on Dmc Global and gave the stock a buy rating in a research note on Monday, October 29th. Finally, Sidoti upgraded Dmc Global from a neutral rating to a buy rating in a research note on Friday, October 26th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Dmc Global has a consensus rating of Buy and an average target price of $50.60.
Shares of BOOM traded down $0.17 during mid-day trading on Wednesday, reaching $36.39. The company’s stock had a trading volume of 46,574 shares, compared to its average volume of 69,997. Dmc Global has a 1-year low of $20.11 and a 1-year high of $51.05. The stock has a market cap of $543.35 million, a price-to-earnings ratio of 227.44, a PEG ratio of 0.73 and a beta of 0.56. The company has a quick ratio of 1.28, a current ratio of 2.15 and a debt-to-equity ratio of 0.35.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.22%. Dmc Global’s dividend payout ratio (DPR) is currently 50.00%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. bought a new position in Dmc Global during the 2nd quarter worth $135,000. BlueMountain Capital Management LLC bought a new position in Dmc Global during the 3rd quarter worth $132,000. HRT Financial LLC bought a new position in Dmc Global during the 3rd quarter worth $208,000. Raymond James & Associates bought a new position in Dmc Global during the 2nd quarter worth $230,000. Finally, Voya Investment Management LLC bought a new position in Dmc Global during the 2nd quarter worth $255,000. Institutional investors own 87.02% of the company’s stock.
About Dmc Global
DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.
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