Insider Buying: Douglas Dynamics Inc (PLOW) SVP Buys 3,400 Shares of Stock

Douglas Dynamics Inc (NYSE:PLOW) SVP Keith Hagelin purchased 3,400 shares of Douglas Dynamics stock in a transaction dated Saturday, March 17th. The shares were purchased at an average cost of $29.35 per share, for a total transaction of $99,790.00. Following the transaction, the senior vice president now owns 82,090 shares in the company, valued at approximately $2,409,341.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Douglas Dynamics Inc (NYSE PLOW) traded down $0.50 during trading on Thursday, reaching $40.25. 44,107 shares of the company traded hands, compared to its average volume of 78,458. Douglas Dynamics Inc has a 12-month low of $28.55 and a 12-month 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 cap of $913.80, a P/E ratio of 30.04, a PEG ratio of 1.57 and a beta of 1.12.

Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, November 6th. The auto parts company reported $0.40 earnings per share 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 company had revenue of $125.30 million during the quarter, compared to analyst estimates of $133.53 million. During the same quarter last year, the business posted $0.32 EPS. The firm’s revenue for the quarter was up 1.4% on a year-over-year basis. research analysts predict that Douglas Dynamics Inc will post 1.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, December 18th. This represents a $0.96 annualized dividend and a yield of 2.39%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 71.64%.

Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. ValuEngine downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BidaskClub downgraded shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.00.

A number of institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its holdings in Douglas Dynamics by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,735 shares of the auto parts company’s stock valued at $584,000 after purchasing an additional 485 shares during the last quarter. DF Dent & Co. Inc. grew its stake in shares of Douglas Dynamics by 1.4% in the second quarter. DF Dent & Co. Inc. now owns 56,392 shares of the auto parts company’s stock worth $1,855,000 after acquiring an additional 788 shares in the last quarter. Voya Investment Management LLC grew its stake in shares of Douglas Dynamics by 9.8% in the second quarter. Voya Investment Management LLC now owns 12,217 shares of the auto parts company’s stock worth $402,000 after acquiring an additional 1,090 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of Douglas Dynamics by 10.2% in 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. Finally, Teachers Advisors LLC grew its stake in shares of Douglas Dynamics by 4.5% in the second quarter. Teachers Advisors LLC now owns 40,112 shares of the auto parts company’s stock worth $1,320,000 after acquiring an additional 1,744 shares in the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Douglas Dynamics (NYSE:PLOW)

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