Prudential Financial Inc. Has $3.01 Million Stock Position in DMC Global Inc. (NASDAQ:BOOM)

Prudential Financial Inc. reduced its holdings in DMC Global Inc. (NASDAQ:BOOM - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 409,015 shares of the industrial products company's stock after selling 196,500 shares during the period. Prudential Financial Inc. owned about 2.04% of DMC Global worth $3,006,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in shares of DMC Global by 92.4% in the third quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company's stock worth $1,236,000 after purchasing an additional 45,722 shares in the last quarter. Barclays PLC lifted its position in DMC Global by 291.0% in the 3rd quarter. Barclays PLC now owns 26,741 shares of the industrial products company's stock worth $347,000 after buying an additional 19,901 shares in the last quarter. State Street Corp boosted its stake in shares of DMC Global by 2.7% during the 3rd quarter. State Street Corp now owns 402,644 shares of the industrial products company's stock valued at $5,226,000 after buying an additional 10,561 shares during the period. Hunter Associates Investment Management LLC grew its holdings in shares of DMC Global by 19.1% during the 4th quarter. Hunter Associates Investment Management LLC now owns 419,643 shares of the industrial products company's stock valued at $3,078,000 after acquiring an additional 67,410 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of DMC Global by 7.4% in the fourth quarter. Victory Capital Management Inc. now owns 23,871 shares of the industrial products company's stock worth $175,000 after acquiring an additional 1,654 shares during the last quarter. 77.63% of the stock is currently owned by institutional investors and hedge funds.

DMC Global Stock Down 5.6 %

NASDAQ BOOM traded down $0.39 during trading on Monday, hitting $6.63. 359,611 shares of the company traded hands, compared to its average volume of 245,868. DMC Global Inc. has a 12 month low of $6.25 and a 12 month high of $19.12. The business has a fifty day simple moving average of $8.35 and a 200 day simple moving average of $8.92. The company has a market capitalization of $134.20 million, a P/E ratio of -0.84 and a beta of 1.41. The company has a current ratio of 2.37, a quick ratio of 1.09 and a debt-to-equity ratio of 0.28.

DMC Global (NASDAQ:BOOM - Get Free Report) last posted its earnings results on Monday, February 24th. The industrial products company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.29) by $0.38. The business had revenue of $152.37 million for the quarter, compared to analyst estimates of $140.50 million. DMC Global had a negative net margin of 14.23% and a positive return on equity of 1.45%. As a group, sell-side analysts predict that DMC Global Inc. will post -0.23 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BOOM shares. StockNews.com upgraded DMC Global from a "sell" rating to a "hold" rating in a research note on Wednesday, February 26th. Stifel Nicolaus increased their price objective on DMC Global from $8.00 to $9.50 and gave the stock a "hold" rating in a report on Wednesday, February 26th.

DMC Global Company Profile

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.