Dynamic Materials Corp. (NASDAQ:BOOM) announced a quarterly dividend on Thursday, December 14th, NASDAQ reports. Shareholders of record on Sunday, December 31st will be given a dividend of 0.02 per share by the industrial products company on Monday, January 15th. This represents a $0.08 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Thursday, December 28th.

Shares of Dynamic Materials (BOOM) opened at $20.90 on Friday. 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 has a 12 month low of $11.60 and a 12 month high of $23.27.

Dynamic Materials (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.13. Dynamic Materials had a negative return on equity of 1.20% and a negative net margin of 10.69%. The firm had revenue of $52.16 million during the quarter, compared to analysts’ expectations of $46.25 million. During the same period last year, the business posted ($0.19) earnings per share. The company’s revenue for the quarter was up 42.7% compared to the same quarter last year. sell-side analysts predict that Dynamic Materials will post 0.21 EPS for the current fiscal year.

Several research analysts have recently issued reports on BOOM shares. Zacks Investment Research upgraded Dynamic Materials from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research note on Monday, October 30th. Roth Capital set a $22.00 price target on Dynamic Materials and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, BidaskClub upgraded Dynamic Materials from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 9th. One analyst has rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $23.00.

In other news, Director Yvon Pierre Cariou sold 9,935 shares of Dynamic Materials stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $21.89, for a total value of $217,477.15. Following the sale, the director now directly owns 207,313 shares of the company’s stock, valued at $4,538,081.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin T. Longe sold 3,642 shares of Dynamic Materials stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $21.50, for a total value of $78,303.00. Following the completion of the sale, the insider now directly owns 225,089 shares in the company, valued at $4,839,413.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,642 shares of company stock valued at $614,405. 5.10% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Dynamic Materials stock. State Street Corp lifted its position in Dynamic Materials Corp. (NASDAQ:BOOM) by 7.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 211,940 shares of the industrial products company’s stock after acquiring an additional 14,471 shares during the period. State Street Corp owned 1.43% of Dynamic Materials worth $2,777,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 86.44% of the company’s stock.

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About Dynamic Materials

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.

Dividend History for Dynamic Materials (NASDAQ:BOOM)

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