California Public Employees Retirement System maintained its position in shares of Dynamic Materials Corp. (NASDAQ:BOOM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,400 shares of the industrial products company’s stock at the close of the second quarter. California Public Employees Retirement System owned about 0.42% of Dynamic Materials Corp. worth $817,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in Dynamic Materials Corp. by 5.0% during the 1st quarter. Wells Fargo & Company MN now owns 12,449 shares of the industrial products company’s stock valued at $154,000 after buying an additional 595 shares in the last quarter. Bank of New York Mellon Corp increased its position in Dynamic Materials Corp. by 22.9% during the 1st quarter. Bank of New York Mellon Corp now owns 75,197 shares of the industrial products company’s stock valued at $932,000 after buying an additional 13,988 shares in the last quarter. American International Group Inc. increased its position in Dynamic Materials Corp. by 7.1% during the 1st quarter. American International Group Inc. now owns 8,636 shares of the industrial products company’s stock valued at $107,000 after buying an additional 576 shares in the last quarter. Vanguard Group Inc. increased its position in Dynamic Materials Corp. by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 583,360 shares of the industrial products company’s stock valued at $7,234,000 after buying an additional 13,420 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Dynamic Materials Corp. by 5.1% during the 1st quarter. Geode Capital Management LLC now owns 101,268 shares of the industrial products company’s stock valued at $1,255,000 after buying an additional 4,916 shares in the last quarter. 86.10% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Yvon Pierre Cariou sold 15,065 shares of the company’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $21.15, for a total transaction of $318,624.75. Following the transaction, the director now directly owns 199,414 shares of the company’s stock, valued at approximately $4,217,606.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 5.10% of the company’s stock.

Dynamic Materials Corp. (NASDAQ BOOM) opened at $20.75 on Thursday. Dynamic Materials Corp. has a 1 year low of $11.60 and a 1 year high of $23.27. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.76 and a quick ratio of 1.80.

Dynamic Materials Corp. (NASDAQ:BOOM) last announced its earnings results on Thursday, October 26th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.13. Dynamic Materials Corp. had a negative return on equity of 1.20% and a negative net margin of 10.69%. The company had revenue of $52.16 million for the quarter, compared to analyst estimates of $46.25 million. During the same period in the prior year, the company posted ($0.19) EPS. The firm’s quarterly revenue was up 42.7% compared to the same quarter last year. equities research analysts anticipate that Dynamic Materials Corp. will post 0.21 earnings per share for the current year.

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BOOM has been the topic of several recent analyst reports. Roth Capital set a $22.00 target price on Dynamic Materials Corp. and gave the company a “buy” rating in a research report on Tuesday, October 24th. Zacks Investment Research raised Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, ValuEngine raised Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st.

About Dynamic Materials Corp.

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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Institutional Ownership by Quarter for Dynamic Materials Corp. (NASDAQ:BOOM)

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