Dynamic Materials Corp. (NASDAQ:BOOM) released its quarterly earnings results on Thursday, October 26th. The industrial products company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.13, Bloomberg Earnings reports. Dynamic Materials Corp. had a negative return on equity of 1.20% and a negative net margin of 10.69%. The business had revenue of $52.16 million for the quarter, compared to the consensus estimate of $46.25 million. During the same quarter last year, the business posted ($0.19) earnings per share. The company’s revenue for the quarter was up 42.7% on a year-over-year basis.
Dynamic Materials Corp. (NASDAQ:BOOM) traded up $0.10 during midday trading on Friday, hitting $21.80. The company had a trading volume of 36,100 shares, compared to its average volume of 71,607. 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 Corp. has a 12 month low of $11.60 and a 12 month high of $23.27.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.08 annualized dividend and a dividend yield of 0.37%. Dynamic Materials Corp.’s payout ratio is presently -6.01%.
In other Dynamic Materials Corp. news, Director Yvon Pierre Cariou sold 15,065 shares of Dynamic Materials Corp. stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $21.15, for a total transaction of $318,624.75. Following the sale, the director now directly owns 199,414 shares of the company’s stock, valued at approximately $4,217,606.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 5.10% of the stock is owned by company insiders.
A hedge fund recently raised its stake in Dynamic Materials Corp. stock. State Street Corp raised its position in shares of Dynamic Materials Corp. (NASDAQ:BOOM) by 7.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 211,940 shares of the industrial products company’s stock after acquiring an additional 14,471 shares during the quarter. State Street Corp owned approximately 1.43% of Dynamic Materials Corp. worth $2,777,000 at the end of the most recent quarter. 86.04% of the stock is owned by institutional investors and hedge funds.
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BOOM has been the topic of a number of recent research reports. Zacks Investment Research cut Dynamic Materials Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. ValuEngine raised Dynamic Materials Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Roth Capital set a $22.00 price objective on Dynamic Materials Corp. and gave the company a “buy” rating in a research note on Tuesday, October 24th.
Dynamic Materials Corp. Company Profile
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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