Douglas Dynamics Inc (NYSE:PLOW) Chairman James L. Janik sold 15,593 shares of Douglas Dynamics stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $37.64, for a total transaction of $586,920.52. Following the transaction, the chairman now directly owns 261,892 shares of the company’s stock, valued at $9,857,614.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Douglas Dynamics Inc (PLOW) traded up $0.05 during midday trading on Wednesday, reaching $40.10. 156,300 shares of the company were exchanged, compared to its average volume of 85,167. The firm has a market capitalization of $905.89, a PE ratio of 29.70, a P/E/G ratio of 1.55 and a beta of 1.12. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.76 and a current ratio of 2.97. Douglas Dynamics Inc has a 52-week low of $28.55 and a 52-week high of $42.60.
Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings data on Monday, November 6th. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.05). The firm had revenue of $125.30 million for the quarter, compared to analyst estimates of $133.53 million. Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.32 EPS. analysts forecast that Douglas Dynamics Inc will post 1.41 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 19th were paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Monday, December 18th. Douglas Dynamics’s payout ratio is currently 71.11%.
PLOW has been the subject of several research reports. BidaskClub cut shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, ValuEngine cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Douglas Dynamics presently has a consensus rating of “Buy” and a consensus target price of $40.00.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its position in shares of Douglas Dynamics by 49.6% in the second quarter. FMR LLC now owns 150,976 shares of the auto parts company’s stock worth $4,967,000 after purchasing an additional 50,044 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Douglas Dynamics by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 16,323 shares of the auto parts company’s stock worth $500,000 after purchasing an additional 255 shares in the last quarter. DF Dent & Co. Inc. lifted its position in shares of Douglas Dynamics by 12.6% in the third quarter. DF Dent & Co. Inc. now owns 63,511 shares of the auto parts company’s stock worth $2,502,000 after purchasing an additional 7,119 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Douglas Dynamics by 29.7% in the second quarter. Lazard Asset Management LLC now owns 545,674 shares of the auto parts company’s stock worth $17,952,000 after purchasing an additional 125,000 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. lifted its position in shares of Douglas Dynamics by 148.5% in the second quarter. Uniplan Investment Counsel Inc. now owns 565,102 shares of the auto parts company’s stock worth $18,591,000 after purchasing an additional 337,722 shares in the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.
Douglas Dynamics Company 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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