Dynamic Materials (BOOM) Hits New 1-Year High and Low at $29.90

Dynamic Materials Co. (NASDAQ:BOOM) shares hit a new 52-week high and low during trading on Monday . The stock traded as low as $29.90 and last traded at $29.15, with a volume of 49231 shares traded. The stock had previously closed at $29.05.

Several brokerages have recently commented on BOOM. BidaskClub downgraded Dynamic Materials from a “buy” rating to a “hold” rating in a report on Saturday, February 3rd. Zacks Investment Research upgraded shares of Dynamic Materials from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research report on Thursday, February 8th. Finally, ValuEngine upgraded shares of Dynamic Materials from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Three investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $25.50.

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The company has a current ratio of 2.19, a quick ratio of 1.41 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $433.00, a price-to-earnings ratio of 181.56, a P/E/G ratio of 1.15 and a beta of 0.53.

Dynamic Materials (NASDAQ:BOOM) last posted its quarterly earnings data on Thursday, March 8th. The industrial products company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Dynamic Materials had a negative net margin of 9.78% and a positive return on equity of 1.95%. The firm had revenue of $54.50 million during the quarter, compared to analysts’ expectations of $54.87 million. During the same quarter in the previous year, the company posted ($0.15) EPS. Dynamic Materials’s revenue was up 35.7% on a year-over-year basis. equities analysts forecast that Dynamic Materials Co. will post 1.26 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Saturday, March 31st will be given a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.28%. The ex-dividend date of this dividend is Wednesday, March 28th. Dynamic Materials’s dividend payout ratio (DPR) is presently 50.00%.

In related news, Director Yvon Pierre Cariou sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 21st. The shares were sold at an average price of $27.10, for a total value of $542,000.00. Following the completion of the transaction, the director now owns 173,852 shares in the company, valued at approximately $4,711,389.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.

A number of hedge funds have recently bought and sold shares of BOOM. Chartwell Investment Partners LLC bought a new position in Dynamic Materials in the 4th quarter worth approximately $217,000. Alliancebernstein L.P. bought a new stake in shares of Dynamic Materials during the 4th quarter valued at $223,000. Wells Fargo & Company MN raised its position in shares of Dynamic Materials by 52.7% during the 3rd quarter. Wells Fargo & Company MN now owns 18,265 shares of the industrial products company’s stock valued at $309,000 after acquiring an additional 6,306 shares during the last quarter. Stone Ridge Asset Management LLC bought a new stake in shares of Dynamic Materials during the 4th quarter valued at $594,000. Finally, Chicago Equity Partners LLC bought a new stake in shares of Dynamic Materials during the 4th quarter valued at $630,000. Hedge funds and other institutional investors own 85.52% of the company’s stock.

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Dynamic Materials Company Profile

DMC Global Inc engages in technical product and process businesses serving the energy, industrial, and infrastructure markets worldwide. The company operates in two segments, NobelClad and DynaEnergetics. The NobelClad segment produces explosion-welded clad metal plates for use in the construction of heavy, corrosion resistant pressure vessels, and heat exchangers for oil and gas, chemical and petrochemical, alternative energy, hydrometallurgy, aluminum production, shipbuilding, power generation, industrial refrigeration, and other industries.

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