22Nw LP trimmed its holdings in Dynamic Materials Corp. (NASDAQ:BOOM) by 39.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 171,074 shares of the industrial products company’s stock after selling 110,391 shares during the quarter. Dynamic Materials accounts for about 1.7% of 22Nw LP’s holdings, making the stock its 14th biggest holding. 22Nw LP owned approximately 1.16% of Dynamic Materials worth $2,891,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in shares of Dynamic Materials by 0.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 75,499 shares of the industrial products company’s stock worth $989,000 after acquiring an additional 302 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Dynamic Materials by 7.1% in the 1st quarter. American International Group Inc. now owns 8,636 shares of the industrial products company’s stock worth $107,000 after acquiring an additional 576 shares during the last quarter. Rhumbline Advisers lifted its holdings 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 worth $216,000 after acquiring an additional 1,170 shares during the last quarter. Strs Ohio lifted its holdings in shares of Dynamic Materials by 6.0% in the 2nd quarter. Strs Ohio now owns 22,900 shares of the industrial products company’s stock worth $299,000 after acquiring an additional 1,300 shares during the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Dynamic Materials by 6.8% in the 2nd quarter. Teachers Advisors LLC now owns 25,019 shares of the industrial products company’s stock worth $328,000 after acquiring an additional 1,588 shares during the last quarter. Hedge funds and other institutional investors own 86.44% of the company’s stock.
Shares of Dynamic Materials Corp. (NASDAQ BOOM) opened at $21.70 on Wednesday. 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 1-year low of $11.60 and a 1-year high of $23.27.
Dynamic Materials (NASDAQ:BOOM) last announced its quarterly earnings data on Thursday, October 26th. The industrial products company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.13. Dynamic Materials had a negative net margin of 10.69% and a negative return on equity of 1.20%. The firm had revenue of $52.16 million during the quarter, compared to analyst estimates of $46.25 million. During the same period in the previous year, the business posted ($0.19) EPS. The business’s quarterly revenue was up 42.7% on a year-over-year basis. sell-side analysts forecast that Dynamic Materials Corp. will post 0.21 EPS for the current fiscal year.
In related news, insider Kevin T. Longe sold 3,642 shares of Dynamic Materials stock in a transaction 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 transaction, the insider now directly owns 225,089 shares of the company’s stock, valued at $4,839,413.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Yvon Pierre Cariou sold 15,065 shares of Dynamic Materials stock in a transaction 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 completion of the transaction, the director now directly owns 199,414 shares in the company, valued at $4,217,606.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,642 shares of company stock worth $614,405. 5.10% of the stock is owned by insiders.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Dynamic Materials from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Roth Capital set a $22.00 price objective on shares of Dynamic Materials and gave the stock a “buy” rating in a report on Tuesday, October 24th.
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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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