Yvon Pierre Cariou Sells 15,000 Shares of Dynamic Materials Corp. (BOOM) Stock
Dynamic Materials Corp. (NASDAQ:BOOM) Director Yvon Pierre Cariou sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $14.75, for a total value of $221,250.00. Following the completion of the sale, the director now owns 228,767 shares in the company, valued at $3,374,313.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Dynamic Materials Corp. (NASDAQ:BOOM) opened at 15.20 on Thursday. The firm’s market capitalization is $220.13 million. Dynamic Materials Corp. has a one year low of $4.84 and a one year high of $15.25. The stock has a 50 day moving average price of $11.04 and a 200 day moving average price of $10.78.
Dynamic Materials Corp. (NASDAQ:BOOM) last issued its quarterly earnings data on Thursday, October 27th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.06. The company had revenue of $36.60 million for the quarter, compared to analyst estimates of $37.57 million. Dynamic Materials Corp. had a negative return on equity of 5.38% and a negative net margin of 12.70%. The company’s revenue was down 7.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.29) earnings per share. On average, equities analysts predict that Dynamic Materials Corp. will post ($0.42) EPS for the current fiscal year.
BOOM has been the topic of several recent analyst reports. Zacks Investment Research raised Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Roth Capital raised Dynamic Materials Corp. from a “neutral” rating to a “buy” rating and set a $14.50 target price on the stock in a report on Monday, October 31st.
Large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company bought a new stake in shares of Dynamic Materials Corp. during the third quarter valued at about $112,000. Acadian Asset Management LLC increased its stake in shares of Dynamic Materials Corp. by 186.1% in the third quarter. Acadian Asset Management LLC now owns 11,204 shares of the company’s stock valued at $120,000 after buying an additional 7,288 shares during the period. Strs Ohio bought a new stake in shares of Dynamic Materials Corp. during the third quarter valued at about $135,000. Rhumbline Advisers bought a new stake in shares of Dynamic Materials Corp. during the second quarter valued at about $138,000. Finally, Teachers Advisors Inc. bought a new stake in shares of Dynamic Materials Corp. during the second quarter valued at about $235,000. Hedge funds and other institutional investors own 87.45% of the company’s stock.
Dynamic Materials Corp. Company Profile
Dynamic Materials Corporation operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s segments are NobelClad and DynaEnergetics. The NobelClad segment is engaged in the production of explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints.
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