Dynamic Materials Corp. Declares Quarterly Dividend of $0.02 (BOOM)
Dynamic Materials Corp. (NASDAQ:BOOM) announced a quarterly dividend on Friday, September 15th, NASDAQ reports. Stockholders of record on Saturday, September 30th will be paid a dividend of 0.02 per share by the industrial products company on Monday, October 16th. This represents a $0.08 annualized dividend and a dividend yield of 0.48%. The ex-dividend date is Thursday, September 28th.
Shares of Dynamic Materials Corp. (BOOM) traded up 1.85% during midday trading on Friday, hitting $16.50. The stock had a trading volume of 112,518 shares. The stock’s market cap is $243.71 million. Dynamic Materials Corp. has a 1-year low of $9.80 and a 1-year high of $17.19. The firm’s 50-day moving average price is $13.51 and its 200-day moving average price is $13.34.
Dynamic Materials Corp. (NASDAQ:BOOM) last released its earnings results on Thursday, July 27th. The industrial products company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Dynamic Materials Corp. had a negative return on equity of 6.38% and a negative net margin of 5.01%. The company had revenue of $47.20 million during the quarter, compared to analyst estimates of $44.20 million. During the same quarter in the previous year, the company posted ($0.05) EPS. Dynamic Materials Corp.’s revenue for the quarter was up 14.3% on a year-over-year basis.
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A number of equities research analysts have recently weighed in on BOOM shares. ValuEngine raised Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered Dynamic Materials Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st.
In related news, insider Ian Grieves sold 4,743 shares of the business’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $13.92, for a total transaction of $66,022.56. Following the transaction, the insider now owns 15,874 shares in the company, valued at approximately $220,966.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by insiders.
An institutional investor recently raised its position in Dynamic Materials Corp. stock. State Street Corp boosted its holdings in shares of Dynamic Materials Corp. (NASDAQ:BOOM) by 7.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 211,940 shares of the industrial products company’s stock after purchasing an additional 14,471 shares during the period. State Street Corp owned about 1.43% of Dynamic Materials Corp. worth $2,777,000 at the end of the most recent reporting period. 86.02% of the stock is currently owned by hedge funds and other institutional investors.
Dynamic Materials Corp. Company Profile
DMC Global Inc, formerly Dynamic Materials Corporation, is a diversified technology company. The Company operates a family of technical product and process businesses serving the energy, industrial and infrastructure markets. The Company’s businesses operate through an international network of manufacturing, distribution and sales facilities.
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