Douglas Dynamics Inc (NYSE:PLOW) insider Andrew Dejana sold 741 shares of the firm’s stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $43.49, for a total value of $32,226.09. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of Douglas Dynamics Inc (NYSE PLOW) traded down $0.35 during trading hours on Wednesday, hitting $46.55. The stock had a trading volume of 61,509 shares, compared to its average volume of 117,750. The stock has a market capitalization of $1,050.00, a P/E ratio of 13.65, a P/E/G ratio of 1.57 and a beta of 1.15. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.47 and a current ratio of 2.45. Douglas Dynamics Inc has a twelve month low of $28.55 and a twelve month high of $47.40.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.50 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.50. The business had revenue of $137.97 million during the quarter, compared to the consensus estimate of $135.33 million. Douglas Dynamics had a return on equity of 14.04% and a net margin of 11.66%. research analysts forecast that Douglas Dynamics Inc will post 2 earnings per share for the current year.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. grew its position in shares of Douglas Dynamics by 1.2% in the fourth quarter. BlackRock Inc. now owns 1,439,822 shares of the auto parts company’s stock valued at $54,427,000 after purchasing an additional 17,350 shares during the period. Wells Fargo & Company MN grew its position in shares of Douglas Dynamics by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 1,367,851 shares of the auto parts company’s stock valued at $51,705,000 after purchasing an additional 4,154 shares during the period. Mawer Investment Management Ltd. grew its position in shares of Douglas Dynamics by 0.6% in the third quarter. Mawer Investment Management Ltd. now owns 1,214,331 shares of the auto parts company’s stock valued at $47,845,000 after purchasing an additional 7,330 shares during the period. Vanguard Group Inc. boosted its holdings in Douglas Dynamics by 2.2% in the second quarter. Vanguard Group Inc. now owns 914,005 shares of the auto parts company’s stock valued at $30,071,000 after acquiring an additional 20,006 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its holdings in Douglas Dynamics by 25.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 712,865 shares of the auto parts company’s stock valued at $26,946,000 after acquiring an additional 145,465 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.
PLOW has been the subject of several recent research reports. Craig Hallum set a $50.00 price target on Douglas Dynamics and gave the stock a “buy” rating in a research report on Wednesday, February 28th. ValuEngine raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Zacks Investment Research raised Douglas Dynamics from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research report on Saturday, March 3rd. Finally, Robert W. Baird reissued a “hold” rating and set a $44.00 price target on shares of Douglas Dynamics in a research report on Thursday, March 1st. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $47.67.
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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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