Bank of New York Mellon Corp Has $1.31 Million Stake in DMC Global Inc. (NASDAQ:BOOM)

Bank of New York Mellon Corp lifted its stake in DMC Global Inc. (NASDAQ:BOOM) by 9.1% in the second quarter, HoldingsChannel.com reports. The firm owned 90,502 shares of the industrial products company’s stock after purchasing an additional 7,528 shares during the quarter. Bank of New York Mellon Corp’s holdings in DMC Global were worth $1,305,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Steel Partners Holdings L.P. increased its stake in shares of DMC Global by 610.5% in the 2nd quarter. Steel Partners Holdings L.P. now owns 1,973,039 shares of the industrial products company’s stock valued at $28,451,000 after buying an additional 1,695,336 shares during the period. Vanguard Group Inc. raised its position in shares of DMC Global by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 1,259,669 shares of the industrial products company’s stock valued at $24,551,000 after acquiring an additional 64,677 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in shares of DMC Global by 8.5% in the 1st quarter. Kennedy Capital Management LLC now owns 634,371 shares of the industrial products company’s stock valued at $12,364,000 after purchasing an additional 49,849 shares during the period. Wellington Management Group LLP boosted its position in shares of DMC Global by 59.8% in the 4th quarter. Wellington Management Group LLP now owns 379,128 shares of the industrial products company’s stock worth $7,135,000 after purchasing an additional 141,809 shares during the last quarter. Finally, Hunter Associates Investment Management LLC boosted its position in shares of DMC Global by 4.9% in the 1st quarter. Hunter Associates Investment Management LLC now owns 342,268 shares of the industrial products company’s stock worth $6,660,000 after purchasing an additional 16,025 shares during the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

DMC Global Trading Up 4.6 %

BOOM opened at $13.30 on Friday. The firm’s fifty day moving average is $12.43 and its two-hundred day moving average is $14.42. The firm has a market cap of $265.76 million, a PE ratio of 10.90 and a beta of 1.63. DMC Global Inc. has a twelve month low of $10.45 and a twelve month high of $25.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.15 and a current ratio of 2.53.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings data on Thursday, August 1st. The industrial products company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.13 by $0.16. DMC Global had a return on equity of 6.06% and a net margin of 2.29%. The business had revenue of $171.18 million for the quarter, compared to the consensus estimate of $165.45 million. During the same quarter last year, the business posted $0.72 EPS. Equities research analysts anticipate that DMC Global Inc. will post 0.95 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on BOOM. Stifel Nicolaus cut their target price on DMC Global from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday. Roth Mkm reaffirmed a “buy” rating and issued a $24.00 price target on shares of DMC Global in a research note on Wednesday, July 31st.

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.