Hunter Associates Investment Management LLC Sells 4,000 Shares of DMC Global Inc. (NASDAQ:BOOM)

Hunter Associates Investment Management LLC cut its holdings in shares of DMC Global Inc. (NASDAQ:BOOMFree Report) by 1.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 326,243 shares of the industrial products company’s stock after selling 4,000 shares during the period. DMC Global comprises approximately 1.1% of Hunter Associates Investment Management LLC’s investment portfolio, making the stock its 20th biggest position. Hunter Associates Investment Management LLC owned 1.65% of DMC Global worth $6,143,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cerity Partners LLC acquired a new stake in DMC Global in the fourth quarter valued at $10,378,000. Lord Abbett & CO. LLC acquired a new stake in DMC Global during the 3rd quarter worth about $4,527,000. Cooke & Bieler LP boosted its position in shares of DMC Global by 2.1% during the 4th quarter. Cooke & Bieler LP now owns 1,871,028 shares of the industrial products company’s stock worth $35,213,000 after purchasing an additional 38,606 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of DMC Global by 167.8% during the 3rd quarter. Panagora Asset Management Inc. now owns 121,536 shares of the industrial products company’s stock worth $2,974,000 after purchasing an additional 76,159 shares in the last quarter. Finally, Essex Investment Management Co. LLC bought a new position in shares of DMC Global during the 3rd quarter worth about $1,045,000. 77.63% of the stock is currently owned by institutional investors.

DMC Global Trading Up 2.8 %

NASDAQ:BOOM opened at $17.02 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 2.58. The firm has a market cap of $336.83 million, a price-to-earnings ratio of 15.76 and a beta of 1.62. DMC Global Inc. has a 52 week low of $14.89 and a 52 week high of $27.16. The firm has a 50-day moving average price of $17.90 and a two-hundred day moving average price of $17.90.

DMC Global (NASDAQ:BOOMGet Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.07). The firm had revenue of $174.04 million during the quarter, compared to analysts’ expectations of $170.80 million. DMC Global had a net margin of 3.29% and a return on equity of 9.14%. During the same quarter last year, the business posted $0.22 EPS. On average, equities analysts expect that DMC Global Inc. will post 1.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

BOOM has been the topic of a number of research analyst reports. StockNews.com raised shares of DMC Global from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Stifel Nicolaus dropped their price target on shares of DMC Global from $28.00 to $27.00 and set a “buy” rating on the stock in a research report on Tuesday, February 27th.

View Our Latest Report on DMC Global

DMC Global Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for DMC Global (NASDAQ:BOOM)

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