North Star Investment Management Corp. boosted its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 2.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 103,844 shares of the auto parts company’s stock after buying an additional 2,450 shares during the period. North Star Investment Management Corp. owned approximately 0.46% of Douglas Dynamics worth $3,416,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PLOW. Toronto Dominion Bank raised its stake in Douglas Dynamics by 0.6% in the first quarter. Toronto Dominion Bank now owns 3,250 shares of the auto parts company’s stock worth $100,000 after buying an additional 20 shares in the last quarter. ClariVest Asset Management LLC raised its stake in Douglas Dynamics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 6,060 shares of the auto parts company’s stock worth $185,000 after buying an additional 303 shares in the last quarter. Citadel Advisors LLC bought a new stake in Douglas Dynamics during the first quarter worth $204,000. Sapphire Star Partners LP bought a new stake in Douglas Dynamics during the first quarter worth $214,000. Finally, Atria Investments LLC raised its stake in Douglas Dynamics by 1.5% in the second quarter. Atria Investments LLC now owns 7,677 shares of the auto parts company’s stock worth $253,000 after buying an additional 112 shares in the last quarter. Institutional investors own 85.75% of the company’s stock.
Douglas Dynamics, Inc. (NYSE PLOW) opened at 30.85 on Friday. The stock has a market cap of $696.90 million, a price-to-earnings ratio of 23.21 and a beta of 1.14. The company has a 50-day moving average price of $31.63 and a 200 day moving average price of $31.59. Douglas Dynamics, Inc. has a 12-month low of $25.23 and a 12-month high of $35.90.
Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, May 8th. The auto parts company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.08. The company had revenue of $72.20 million during the quarter, compared to the consensus estimate of $78.34 million. Douglas Dynamics had a return on equity of 15.78% and a net margin of 6.83%. Douglas Dynamics’s revenue for the quarter was up 48.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.04) EPS. On average, equities research analysts predict that Douglas Dynamics, Inc. will post $1.38 EPS for the current year.
A number of research firms have recently weighed in on PLOW. BidaskClub lowered Douglas Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research raised Douglas Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Oppenheimer Holdings, Inc. dropped coverage on Douglas Dynamics in a research report on Thursday, June 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target 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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