UBS Asset Management Americas Inc. maintained its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) during the first quarter, according to its most recent filing with the SEC. The firm owned 9,998 shares of the auto parts company’s stock at the end of the first quarter. UBS Asset Management Americas Inc.’s holdings in Douglas Dynamics were worth $306,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in PLOW. Russell Investments Group Ltd. purchased a new position in Douglas Dynamics during the fourth quarter worth about $1,012,000. State Street Corp raised its position in Douglas Dynamics by 8.0% in the fourth quarter. State Street Corp now owns 460,038 shares of the auto parts company’s stock worth $15,477,000 after buying an additional 34,138 shares during the last quarter. FMR LLC purchased a new position in Douglas Dynamics during the fourth quarter worth about $2,892,000. Navellier & Associates Inc raised its position in Douglas Dynamics by 13.6% in the first quarter. Navellier & Associates Inc now owns 122,138 shares of the auto parts company’s stock worth $3,744,000 after buying an additional 14,644 shares during the last quarter. Finally, Sapphire Star Partners LP purchased a new position in Douglas Dynamics during the first quarter worth about $214,000. Institutional investors own 85.74% of the company’s stock.
Douglas Dynamics, Inc. (NYSE:PLOW) opened at 31.75 on Friday. Douglas Dynamics, Inc. has a 1-year low of $25.23 and a 1-year high of $35.90. The company has a 50-day moving average of $31.64 and a 200-day moving average of $31.62. The firm has a market capitalization of $717.23 million, a price-to-earnings ratio of 23.89 and a beta of 1.14.
Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, May 8th. The auto parts company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.08. The firm had revenue of $72.20 million for the quarter, compared to analyst estimates of $78.34 million. Douglas Dynamics had a return on equity of 15.78% and a net margin of 6.83%. Douglas Dynamics’s quarterly revenue was up 48.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. On average, equities analysts predict that Douglas Dynamics, Inc. will post $1.38 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Tuesday, June 20th were issued a dividend of $0.24 per share. The ex-dividend date was Friday, June 16th. This represents a $0.96 dividend on an annualized basis and a yield of 3.02%. Douglas Dynamics’s payout ratio is 72.18%.
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A number of research firms recently issued reports on PLOW. Zacks Investment Research upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Douglas Dynamics in a research note on Monday, May 8th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $39.00.
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.
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