Geode Capital Management LLC grew its holdings in Douglas Dynamics Inc (NYSE:PLOW) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 239,055 shares of the auto parts company’s stock after purchasing an additional 18,322 shares during the quarter. Geode Capital Management LLC owned about 1.06% of Douglas Dynamics worth $8,579,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. First Hawaiian Bank lifted its stake in shares of Douglas Dynamics by 178.2% during the fourth quarter. First Hawaiian Bank now owns 829 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 531 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of Douglas Dynamics by 120.0% during the third quarter. Brown Brothers Harriman & Co. now owns 3,300 shares of the auto parts company’s stock valued at $145,000 after acquiring an additional 1,800 shares during the period. Stanley Laman Group Ltd. acquired a new position in shares of Douglas Dynamics during the fourth quarter valued at $247,000. BB&T Corp lifted its stake in shares of Douglas Dynamics by 55.5% during the fourth quarter. BB&T Corp now owns 7,330 shares of the auto parts company’s stock valued at $263,000 after acquiring an additional 2,615 shares during the period. Finally, Xact Kapitalforvaltning AB lifted its stake in shares of Douglas Dynamics by 18.9% during the fourth quarter. Xact Kapitalforvaltning AB now owns 7,551 shares of the auto parts company’s stock valued at $271,000 after acquiring an additional 1,200 shares during the period. 91.25% of the stock is currently owned by institutional investors.
In related news, Chairman James L. Janik sold 14,028 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $40.63, for a total value of $569,957.64. Following the completion of the sale, the chairman now owns 218,002 shares in the company, valued at $8,857,421.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Sarah C. Lauber sold 1,115 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $40.63, for a total value of $45,302.45. Following the completion of the sale, the chief financial officer now owns 10,579 shares of the company’s stock, valued at approximately $429,824.77. The disclosure for this sale can be found here. Insiders sold 21,830 shares of company stock valued at $886,953 in the last quarter. 2.60% of the stock is currently owned by corporate insiders.
PLOW has been the topic of several research reports. Craig Hallum upped their price target on Douglas Dynamics from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. Zacks Investment Research raised Douglas Dynamics from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, ValuEngine lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Monday, January 7th.
NYSE PLOW opened at $38.53 on Tuesday. The stock has a market capitalization of $873.47 million, a P/E ratio of 20.39 and a beta of 0.71. The company has a quick ratio of 1.43, a current ratio of 2.52 and a debt-to-equity ratio of 0.86. Douglas Dynamics Inc has a 12 month low of $33.54 and a 12 month high of $49.50.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, February 25th. The auto parts company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $151.80 million during the quarter, compared to the consensus estimate of $140.27 million. Douglas Dynamics had a return on equity of 16.26% and a net margin of 8.38%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, equities research analysts predict that Douglas Dynamics Inc will post 2.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Tuesday, March 19th were issued a $0.273 dividend. This represents a $1.09 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date was Monday, March 18th. This is an increase from Douglas Dynamics’s previous quarterly dividend of $0.27. Douglas Dynamics’s dividend payout ratio is currently 57.67%.
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Douglas Dynamics Company Profile
Douglas Dynamics, Inc operates as a manufacturer and upfitter 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.
Further Reading: Price to Earnings Ratio (PE), For Valuing Stocks
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