Yorktown Management & Research Co Inc acquired a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,700 shares of the auto parts company’s stock, valued at approximately $343,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Ameriprise Financial Inc. acquired a new position in Douglas Dynamics during the third quarter worth about $2,339,000. SG Americas Securities LLC raised its stake in Douglas Dynamics by 8.2% during the third quarter. SG Americas Securities LLC now owns 23,801 shares of the auto parts company’s stock worth $938,000 after acquiring an additional 1,795 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Douglas Dynamics by 10.2% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,727 shares of the auto parts company’s stock worth $541,000 after acquiring an additional 1,269 shares in the last quarter. Comerica Bank acquired a new position in Douglas Dynamics during the third quarter worth about $263,000. Finally, New York State Common Retirement Fund raised its stake in Douglas Dynamics by 89.2% during the third quarter. New York State Common Retirement Fund now owns 45,609 shares of the auto parts company’s stock worth $1,797,000 after acquiring an additional 21,509 shares in the last quarter. 90.27% of the stock is owned by institutional investors and hedge funds.
PLOW has been the subject of several research analyst reports. BidaskClub downgraded Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Zacks Investment Research raised Douglas Dynamics from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Saturday, August 12th. Finally, ValuEngine downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $40.00.
Douglas Dynamics, Inc. (NYSE PLOW) traded down $0.35 during trading on Thursday, hitting $38.55. The stock had a trading volume of 95,127 shares, compared to its average volume of 98,017. Douglas Dynamics, Inc. has a one year low of $28.55 and a one year high of $42.60. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.97 and a quick ratio of 1.76. The firm has a market capitalization of $877.66, a P/E ratio of 28.99, a P/E/G ratio of 1.83 and a beta of 1.12.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, November 6th. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.05). Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The firm had revenue of $125.30 million during the quarter, compared to analyst estimates of $133.53 million. During the same period in the prior year, the company earned $0.32 EPS. The business’s quarterly revenue was up 1.4% compared to the same quarter last year. equities research analysts predict that Douglas Dynamics, Inc. will post 1.41 EPS for the current fiscal year.
In other news, CFO Sarah C. Lauber acquired 1,250 shares of the stock in a transaction dated Thursday, September 14th. The stock was bought at an average price of $36.04 per share, with a total value of $45,050.00. Following the completion of the purchase, the chief financial officer now directly owns 1,250 shares of the company’s stock, valued at approximately $45,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.20% of the company’s stock.
Douglas Dynamics Profile
Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.
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