Dynamic Materials (BOOM) Raised to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Dynamic Materials (NASDAQ:BOOM) from a buy rating to a strong-buy rating in a research note released on Saturday morning.

BOOM has been the subject of a number of other reports. Zacks Investment Research raised Dynamic Materials from a hold rating to a strong-buy rating and set a $24.00 price target 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 stock a buy rating in a research note on Tuesday, October 24th. One research analyst has rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. Dynamic Materials currently has an average rating of Buy and a consensus target price of $23.00.

Shares of Dynamic Materials (NASDAQ BOOM) opened at $21.20 on Friday. Dynamic Materials has a one year low of $11.60 and a one year high of $23.27. The company has a current ratio of 2.76, a quick ratio of 1.80 and a debt-to-equity ratio of 0.21.

Dynamic Materials (NASDAQ:BOOM) last posted its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.22 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $52.16 million during the quarter, compared to the consensus estimate of $46.25 million. During the same period last year, the business earned ($0.19) EPS. The business’s quarterly revenue was up 42.7% on a year-over-year basis. sell-side analysts anticipate that Dynamic Materials will post 0.21 earnings per share for the current fiscal year.

In related news, Director Yvon Pierre Cariou sold 15,065 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $21.15, for a total value 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin T. Longe sold 3,642 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $21.50, for a total value of $78,303.00. Following the completion of the transaction, 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. Insiders sold a total of 28,642 shares of company stock worth $614,405 over the last three months. 5.10% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Rhumbline Advisers raised its stake in shares of Dynamic Materials by 7.6% in the 2nd quarter. Rhumbline Advisers now owns 16,468 shares of the industrial products company’s stock valued at $216,000 after acquiring an additional 1,170 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Dynamic Materials by 52.7% in the 3rd quarter. Wells Fargo & Company MN now owns 18,265 shares of the industrial products company’s stock valued at $309,000 after buying an additional 6,306 shares during the last quarter. Strs Ohio grew its holdings in Dynamic Materials by 6.0% in the 2nd quarter. Strs Ohio now owns 22,900 shares of the industrial products company’s stock valued at $299,000 after buying an additional 1,300 shares during the last quarter. Teachers Advisors LLC grew its holdings in Dynamic Materials by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 25,019 shares of the industrial products company’s stock valued at $328,000 after buying an additional 1,588 shares during the last quarter. Finally, Rice Hall James & Associates LLC acquired a new stake in Dynamic Materials in the 3rd quarter valued at approximately $939,000. 86.44% of the stock is currently owned by institutional investors and hedge funds.

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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.

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