Barclays PLC Boosts Stake in DMC Global Inc. (NASDAQ:BOOM)

Barclays PLC lifted its holdings in DMC Global Inc. (NASDAQ:BOOM) by 291.0% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,741 shares of the industrial products company’s stock after buying an additional 19,901 shares during the period. Barclays PLC’s holdings in DMC Global were worth $347,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BOOM. Los Angeles Capital Management LLC grew its stake in DMC Global by 5.6% in the 3rd quarter. Los Angeles Capital Management LLC now owns 21,099 shares of the industrial products company’s stock valued at $274,000 after purchasing an additional 1,120 shares during the period. FMR LLC grew its position in DMC Global by 146.1% during the third quarter. FMR LLC now owns 2,247 shares of the industrial products company’s stock valued at $29,000 after buying an additional 1,334 shares during the period. Quest Partners LLC increased its holdings in DMC Global by 25.7% during the third quarter. Quest Partners LLC now owns 6,718 shares of the industrial products company’s stock worth $87,000 after buying an additional 1,373 shares during the last quarter. Rhumbline Advisers raised its position in DMC Global by 5.4% in the second quarter. Rhumbline Advisers now owns 31,988 shares of the industrial products company’s stock worth $461,000 after acquiring an additional 1,648 shares during the period. Finally, Empowered Funds LLC boosted its stake in DMC Global by 5.3% in the third quarter. Empowered Funds LLC now owns 91,011 shares of the industrial products company’s stock valued at $1,181,000 after acquiring an additional 4,556 shares during the last quarter. 77.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on BOOM. Stifel Nicolaus cut shares of DMC Global from a “buy” rating to a “hold” rating and lowered their price target for the stock from $16.00 to $8.00 in a report on Wednesday, November 20th. StockNews.com cut DMC Global from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th.

DMC Global Trading Down 1.3 %

Shares of BOOM stock opened at $7.45 on Monday. DMC Global Inc. has a 1 year low of $6.64 and a 1 year high of $19.72. The company’s fifty day simple moving average is $7.59 and its two-hundred day simple moving average is $10.63. 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 stock has a market capitalization of $149.22 million, a price-to-earnings ratio of -0.94 and a beta of 1.59.

DMC Global (NASDAQ:BOOM) last issued its earnings results on Monday, November 4th. The industrial products company reported ($0.49) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.40). DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. The company had revenue of $152.43 million during the quarter, compared to the consensus estimate of $152.00 million. During the same quarter in the prior year, the business earned $0.50 EPS. As a group, analysts anticipate that DMC Global Inc. will post -0.23 earnings per share for the current 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.