Dynamic Materials Corp. (NASDAQ:BOOM) Director Yvon Pierre Cariou sold 9,935 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $21.89, for a total transaction of $217,477.15. Following the transaction, the director now directly owns 207,313 shares of the company’s stock, valued at approximately $4,538,081.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Dynamic Materials Corp. (NASDAQ:BOOM) opened at $21.00 on Friday. Dynamic Materials Corp. has a one year low of $11.50 and a one year high of $23.27. 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. (NASDAQ:BOOM) last announced its 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. Dynamic Materials Corp. had a negative net margin of 10.69% and a negative return on equity of 1.20%. The business had revenue of $52.16 million during the quarter, compared to the consensus estimate of $46.25 million. During the same quarter last year, the firm earned ($0.19) earnings per share. The business’s revenue for the quarter was up 42.7% on a year-over-year basis. sell-side analysts expect that Dynamic Materials Corp. will post 0.21 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Thursday, September 28th. Dynamic Materials Corp.’s dividend payout ratio is -6.01%.

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Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of Dynamic Materials Corp. by 8.0% during the second quarter. Dimensional Fund Advisors LP now owns 726,083 shares of the industrial products company’s stock valued at $9,512,000 after buying an additional 53,899 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Dynamic Materials Corp. by 2.4% during the first quarter. Vanguard Group Inc. now owns 583,360 shares of the industrial products company’s stock valued at $7,234,000 after buying an additional 13,420 shares during the last quarter. Fred Alger Management Inc. grew its holdings in shares of Dynamic Materials Corp. by 11.7% during the second quarter. Fred Alger Management Inc. now owns 431,868 shares of the industrial products company’s stock valued at $5,657,000 after buying an additional 45,367 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Dynamic Materials Corp. by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 358,862 shares of the industrial products company’s stock valued at $4,701,000 after buying an additional 1,830 shares during the last quarter. Finally, Hunter Associates Investment Management LLC grew its holdings in shares of Dynamic Materials Corp. by 5.4% during the second quarter. Hunter Associates Investment Management LLC now owns 337,834 shares of the industrial products company’s stock valued at $4,426,000 after buying an additional 17,247 shares during the last quarter. Hedge funds and other institutional investors own 86.15% of the company’s stock.

A number of brokerages have weighed in on BOOM. Zacks Investment Research downgraded shares of Dynamic Materials Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. ValuEngine raised shares of 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 target price on shares of 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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