SG Americas Securities LLC increased its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW – Free Report) by 47.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,916 shares of the auto parts company’s stock after acquiring an additional 18,285 shares during the quarter. SG Americas Securities LLC owned approximately 0.25% of Douglas Dynamics worth $2,396,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. CIBC Private Wealth Group LLC boosted its stake in Douglas Dynamics by 229.9% in the third quarter. CIBC Private Wealth Group LLC now owns 1,204 shares of the auto parts company’s stock valued at $38,000 after acquiring an additional 839 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Douglas Dynamics by 85.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,266 shares of the auto parts company’s stock worth $40,000 after purchasing an additional 583 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Douglas Dynamics by 136.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company’s stock worth $67,000 after purchasing an additional 1,303 shares during the last quarter. State of Wyoming boosted its position in Douglas Dynamics by 20.0% during the 2nd quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock valued at $72,000 after purchasing an additional 405 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Douglas Dynamics by 18.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,609 shares of the auto parts company’s stock valued at $85,000 after purchasing an additional 400 shares during the period. Institutional investors own 91.85% of the company’s stock.
Douglas Dynamics Trading Down 2.9%
Shares of PLOW stock opened at $52.38 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.77 and a current ratio of 2.65. Douglas Dynamics, Inc. has a 1 year low of $27.62 and a 1 year high of $55.00. The stock has a fifty day moving average of $46.63 and a two-hundred day moving average of $42.25. The firm has a market capitalization of $1.21 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.17.
Douglas Dynamics Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Tuesday, June 16th. Douglas Dynamics’s payout ratio is 53.15%.
Analyst Ratings Changes
PLOW has been the topic of several analyst reports. Wall Street Zen lowered Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 30th. Robert W. Baird set a $56.00 price target on shares of Douglas Dynamics in a report on Wednesday, May 6th. Weiss Ratings cut shares of Douglas Dynamics from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Freedom Capital upgraded shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Finally, Zacks Research raised shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $54.67.
Get Our Latest Stock Report on Douglas Dynamics
Douglas Dynamics Profile
Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company’s product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.
Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.
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