DMC Global Inc. (NASDAQ:BOOM) Shares Purchased by Lakewood Asset Management LLC

Lakewood Asset Management LLC boosted its position in DMC Global Inc. (NASDAQ:BOOM) by 40.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 22,257 shares of the industrial products company’s stock after acquiring an additional 6,450 shares during the quarter. Lakewood Asset Management LLC’s holdings in DMC Global were worth $164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BOOM. AQR Capital Management LLC lifted its position in DMC Global by 202.7% in the second quarter. AQR Capital Management LLC now owns 252,587 shares of the industrial products company’s stock valued at $3,642,000 after purchasing an additional 169,150 shares during the period. Dimensional Fund Advisors LP increased its holdings in DMC Global by 11.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,055,430 shares of the industrial products company’s stock valued at $15,219,000 after buying an additional 112,138 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in DMC Global by 25.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 392,267 shares of the industrial products company’s stock valued at $5,656,000 after buying an additional 80,774 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in DMC Global in the second quarter valued at about $1,090,000. Finally, JPMorgan Chase & Co. increased its holdings in DMC Global by 92.4% in the third quarter. JPMorgan Chase & Co. now owns 95,205 shares of the industrial products company’s stock valued at $1,236,000 after buying an additional 45,722 shares in the last quarter. Institutional investors and hedge funds own 77.63% of the company’s stock.

DMC Global Stock Up 1.5 %

Shares of BOOM opened at $7.54 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.37 and a quick ratio of 1.09. The firm has a 50 day simple moving average of $7.66 and a 200-day simple moving average of $10.75. DMC Global Inc. has a 1-year low of $6.64 and a 1-year high of $19.72.

DMC Global (NASDAQ:BOOM) last issued its quarterly earnings data on Monday, November 4th. The industrial products company reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.40). DMC Global had a positive return on equity of 1.45% and a negative net margin of 14.23%. The business had revenue of $152.43 million for the quarter, compared to analysts’ expectations of $152.00 million. During the same period last year, the business earned $0.50 earnings per share. Analysts anticipate that DMC Global Inc. will post -0.23 earnings per share for the current year.

Analysts Set New Price Targets

BOOM has been the subject of a number of research analyst reports. Stifel Nicolaus cut shares of DMC Global from a “buy” rating to a “hold” rating and dropped their target price for the company from $16.00 to $8.00 in a report on Wednesday, November 20th. StockNews.com cut shares of DMC Global from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th.

DMC Global 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.