American Research & Management Co. bought a new stake in shares of Douglas Dynamics Inc (NYSE:PLOW) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the auto parts company’s stock, valued at approximately $38,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Conestoga Capital Advisors LLC raised its holdings in Douglas Dynamics by 46.9% during 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. Epoch Investment Partners Inc. purchased a new stake in Douglas Dynamics during the 4th quarter valued at $16,629,000. FMR LLC raised its holdings in Douglas Dynamics by 20.4% during the 4th quarter. FMR LLC now owns 758,420 shares of the auto parts company’s stock valued at $27,220,000 after buying an additional 128,495 shares during the period. BlackRock Inc. raised its holdings in Douglas Dynamics by 5.9% during the 4th quarter. BlackRock Inc. now owns 1,660,745 shares of the auto parts company’s stock valued at $59,604,000 after buying an additional 92,489 shares during the period. Finally, Cannell Capital LLC purchased a new stake in Douglas Dynamics during the 4th quarter valued at $1,851,000. Hedge funds and other institutional investors own 91.25% of the company’s stock.
PLOW stock opened at $38.74 on Wednesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.43 and a current ratio of 2.52. Douglas Dynamics Inc has a twelve month low of $33.54 and a twelve month high of $49.50. The firm has a market capitalization of $873.29 million, a price-to-earnings ratio of 20.50 and a beta of 0.71.
Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, February 25th. The auto parts company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.03. Douglas Dynamics had a return on equity of 16.26% and a net margin of 8.38%. The business had revenue of $151.80 million for the quarter, compared to analyst estimates of $140.27 million. During the same quarter last year, the firm posted $0.53 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. Sell-side analysts predict that Douglas Dynamics Inc will post 2.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Tuesday, March 19th were paid a $0.273 dividend. This is a positive change from Douglas Dynamics’s previous quarterly dividend of $0.27. The ex-dividend date was Monday, March 18th. This represents a $1.09 dividend on an annualized basis and a yield of 2.82%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 57.67%.
In other Douglas Dynamics news, insider Andrew Dejana bought 6,500 shares of Douglas Dynamics stock in a transaction on Friday, March 15th. The shares were acquired at an average price of $38.13 per share, for a total transaction of $247,845.00. Following the completion of the purchase, the insider now directly owns 10,630 shares in the company, valued at approximately $405,321.90. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert L. Mccormick sold 6,687 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $40.63, for a total value of $271,692.81. Following the completion of the sale, the insider now owns 16,988 shares in the company, valued at approximately $690,222.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 21,830 shares of company stock worth $886,953. Insiders own 2.60% of the company’s stock.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a report on Saturday, March 2nd. Craig Hallum increased their price target on Douglas Dynamics from $43.00 to $48.00 and gave the company a “buy” rating in a report on Wednesday, February 27th. Finally, ValuEngine lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Monday, January 7th.
ILLEGAL ACTIVITY WARNING: This piece was reported by Macon Daily and is owned by of Macon Daily. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://macondaily.com/2019/04/17/american-research-management-co-buys-shares-of-1000-douglas-dynamics-inc-plow.html.
Douglas Dynamics 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.
Recommended Story: Analyzing a company’s cash flow statement
Want to see what other hedge funds are holding PLOW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Douglas Dynamics Inc (NYSE:PLOW).
Receive News & Ratings for Douglas Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.