Douglas Dynamics Inc (NYSE:PLOW) VP Robert J. Young sold 818 shares of Douglas Dynamics stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $43.49, for a total value of $35,574.82. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of Douglas Dynamics Inc (NYSE:PLOW) traded down $0.35 during midday trading on Wednesday, reaching $46.55. The company’s stock had a trading volume of 61,509 shares, compared to its average volume of 117,750. The firm has a market cap of $1,050.00, a PE ratio of 13.65, a PEG ratio of 1.57 and a beta of 1.15. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.45 and a quick ratio of 1.47. Douglas Dynamics Inc has a 52-week low of $28.55 and a 52-week high of $47.40.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.50. The firm had revenue of $137.97 million during the quarter, compared to analysts’ expectations of $135.33 million. Douglas Dynamics had a return on equity of 14.04% and a net margin of 11.66%. equities research analysts expect that Douglas Dynamics Inc will post 2 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 22nd will be issued a $0.265 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This is a boost from Douglas Dynamics’s previous quarterly dividend of $0.24. This represents a $1.06 annualized dividend and a yield of 2.28%. Douglas Dynamics’s payout ratio is currently 28.15%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Zions Bancorporation acquired a new position in shares of Douglas Dynamics during the 3rd quarter worth $100,000. Principal Financial Group Inc. acquired a new position in shares of Douglas Dynamics during the 3rd quarter worth $233,000. Comerica Bank acquired a new position in shares of Douglas Dynamics during the 3rd quarter worth $263,000. Cubist Systematic Strategies LLC acquired a new position in shares of Douglas Dynamics during the 3rd quarter worth $267,000. Finally, Financial Gravity Companies Inc. acquired a new position in shares of Douglas Dynamics during the 4th quarter worth $268,000. 90.81% of the stock is owned by hedge funds and other institutional investors.
PLOW has been the subject of several research reports. Craig Hallum set a $50.00 price target on Douglas Dynamics and gave the stock a “buy” rating in a report on Wednesday, February 28th. Zacks Investment Research cut Douglas Dynamics from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Robert W. Baird reissued a “hold” rating and set a $44.00 price target on shares of Douglas Dynamics in a report on Thursday, March 1st. Finally, ValuEngine cut Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Douglas Dynamics presently has a consensus rating of “Buy” and a consensus price target of $47.67.
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About Douglas Dynamics
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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