Insider Selling: Douglas Dynamics CEO Sells 8,656 Shares of Stock (PLOW)
Douglas Dynamics (NASDAQ:PLOW) CEO James Janik unloaded 8,656 shares of Douglas Dynamics stock on the open market in a transaction dated Friday, January 3rd. The shares were sold at an average price of $16.51, for a total transaction of $142,910.56. Following the completion of the transaction, the chief executive officer now directly owns 272,126 shares of the company’s stock, valued at approximately $4,492,800. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Douglas Dynamics from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $16.90 price target on the stock. Separately, analysts at Sidoti downgraded shares of Douglas Dynamics from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $15.30.
Shares of Douglas Dynamics (NASDAQ:PLOW) traded up 1.03% during mid-day trading on Tuesday, hitting $16.65. The stock had a trading volume of 40,448 shares. Douglas Dynamics has a 52-week low of $12.65 and a 52-week high of $17.45. The stock has a 50-day moving average of $16.28 and a 200-day moving average of $15.03. The company has a market cap of $370.0 million and a P/E ratio of 206.00.
Douglas Dynamics (NASDAQ:PLOW) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.02 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.20. The company had revenue of $52.03 million for the quarter, compared to the consensus estimate of $52.60 million. During the same quarter last year, the company posted $0.10 earnings per share. Douglas Dynamics’s revenue was up 37.8% compared to the same quarter last year. On average, analysts predict that Douglas Dynamics will post $0.46 earnings per share for the current fiscal year.
Douglas Dynamics, Inc is engaged in the design, manufacture and sale of snow and ice control equipment for light trucks, which consists of snowplows, sand and salt spreaders, and related parts and accessories.
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