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.
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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