First Trust Advisors LP decreased its position in Douglas Dynamics Inc (NYSE:PLOW) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,168 shares of the auto parts company’s stock after selling 3,725 shares during the period. First Trust Advisors LP owned 0.32% of Douglas Dynamics worth $2,626,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the company. Conestoga Capital Advisors LLC grew its stake in shares of Douglas Dynamics by 46.9% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,872,515 shares of the auto parts company’s stock valued at $67,205,000 after buying an additional 598,026 shares during the period. BlackRock Inc. boosted its position in shares of Douglas Dynamics by 2.1% during the 3rd quarter. BlackRock Inc. now owns 1,568,256 shares of the auto parts company’s stock worth $68,846,000 after purchasing an additional 32,809 shares during the period. Vanguard Group Inc boosted its position in shares of Douglas Dynamics by 1.2% during the 3rd quarter. Vanguard Group Inc now owns 1,032,135 shares of the auto parts company’s stock worth $45,311,000 after purchasing an additional 12,400 shares during the period. Vanguard Group Inc. boosted its position in shares of Douglas Dynamics by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,032,135 shares of the auto parts company’s stock worth $45,311,000 after purchasing an additional 12,400 shares during the period. Finally, RK Capital Management LLC boosted its position in shares of Douglas Dynamics by 3.9% during the 3rd quarter. RK Capital Management LLC now owns 409,859 shares of the auto parts company’s stock worth $17,993,000 after purchasing an additional 15,500 shares during the period. 92.07% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on PLOW. Zacks Investment Research raised shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating and set a $49.00 price objective for the company in a research report on Saturday, March 2nd. Craig Hallum increased their price objective on shares of Douglas Dynamics from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Finally, ValuEngine cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Monday, January 7th.
In other Douglas Dynamics news, insider Robert L. Mccormick sold 6,687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $40.63, for a total transaction of $271,692.81. Following the sale, the insider now directly owns 16,988 shares in the company, valued at approximately $690,222.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman James L. Janik sold 14,028 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $40.63, for a total transaction of $569,957.64. Following the sale, the chairman now owns 218,002 shares in the company, valued at $8,857,421.26. The disclosure for this sale can be found here. Insiders have sold a total of 21,830 shares of company stock valued at $886,953 in the last ninety days. 3.10% of the stock is currently owned by corporate insiders.
NYSE:PLOW opened at $38.16 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.52 and a quick ratio of 1.43. The company has a market cap of $883.76 million, a P/E ratio of 20.19 and a beta of 0.73. Douglas Dynamics Inc has a fifty-two week low of $33.54 and a fifty-two week high of $49.50.
Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, February 25th. The auto parts company reported $0.62 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.07. The firm had revenue of $151.80 million during the quarter, compared to analysts’ expectations of $140.27 million. Douglas Dynamics had a net margin of 8.38% and a return on equity of 16.26%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $0.53 EPS. As a group, equities analysts forecast that Douglas Dynamics Inc will post 2.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Tuesday, March 19th will be given a dividend of $0.273 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $1.09 dividend on an annualized basis and a dividend yield of 2.86%. This is a boost from Douglas Dynamics’s previous quarterly dividend of $0.27. Douglas Dynamics’s dividend payout ratio (DPR) is presently 56.08%.
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Douglas Dynamics Profile
Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily in North America. It operates in two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light and heavy duty trucks, as well as various related parts and accessories.
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