Dynamic Materials Corporation (BOOM) : Hunter Associates Investment Management scooped up 23,598 additional shares in Dynamic Materials Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 296,725 shares of Dynamic Materials Corporation which is valued at $3,465,748.Dynamic Materials Corporation makes up approximately 1.46% of Hunter Associates Investment Management’s portfolio.
Other Hedge Funds, Including , Schwab Charles Investment Management Inc added BOOM to its portfolio by purchasing 28,900 company shares during the most recent quarter which is valued at $337,552. Trigran Investments sold out all of its stake in BOOM during the most recent quarter. The investment firm sold 34,833 shares of BOOM which is valued $406,849.Blackrock Advisors boosted its stake in BOOM in the latest quarter, The investment management firm added 3,904 additional shares and now holds a total of 6,704 shares of Dynamic Materials Corporation which is valued at $78,303.California Public Employees Retirement System reduced its stake in BOOM by selling 3,000 shares or 3.92% in the most recent quarter. The Hedge Fund company now holds 73,600 shares of BOOM which is valued at $772,800.
Dynamic Materials Corporation closed down -0.61 points or -5.55% at $10.39 with 61,812 shares getting traded on Thursday. Post opening the session at $10.93, the shares hit an intraday low of $10.02 and an intraday high of $11.045 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Dynamic Materials Corporation reported $-0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.04. The company had revenue of $41.30 million for the quarter, compared to analysts expectations of $41.29 million. The company’s revenue was down -7.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.03 EPS.
Many Wall Street Analysts have commented on Dynamic Materials Corporation. Dynamic Materials Corporation was Downgraded by Sidoti to ” Neutral” on Jun 10, 2016.
Dynamic Materials Corporation (DMC) operates a family of technical product and process businesses serving the energy industrial and infrastructure markets. The Company’s businesses operate globally through an international network of manufacturing distribution and sales facilities. The Company’s business segments consist of NobelClad and DynaEnergetics. NobelClad is engaged in the production of explosion-welded clad metal plates for use in the construction of corrosion resistant industrial processing equipment and specialized transition joints. DynaEnergetics manufactures and distributes products utilized by the global oil and gas industry principally for the perforation of oil and gas wells. The Company owns explosive metalworking and metallic processes and also registered trademarks including Detaclad Detacouple EFTEK ETJ 2000 and NOBELCLAD.