Douglas Dynamics Inc (NYSE:PLOW) Chairman James L. Janik sold 18,085 shares of the stock in a transaction on Tuesday, March 6th. The stock was sold at an average price of $43.49, for a total value of $786,516.65. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Douglas Dynamics Inc (PLOW) traded down $0.35 during mid-day trading on Wednesday, reaching $46.55. The company had a trading volume of 61,509 shares, compared to its average volume of 117,750. Douglas Dynamics Inc has a 12 month low of $28.55 and a 12 month high of $47.40. The company 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 (NYSE:PLOW) last issued its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.50 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.50. Douglas Dynamics had a return on equity of 14.04% and a net margin of 11.66%. The company had revenue of $137.97 million for the quarter, compared to the consensus estimate of $135.33 million. sell-side analysts predict that Douglas Dynamics Inc will post 2 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in PLOW. Conestoga Capital Advisors LLC raised its stake 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 buying an additional 145,465 shares during the last quarter. Eagle Asset Management Inc. purchased a new stake in Douglas Dynamics in the fourth quarter valued at about $2,470,000. Ameriprise Financial Inc. purchased a new stake in Douglas Dynamics in the third quarter valued at about $2,339,000. Lazard Asset Management LLC raised its stake in Douglas Dynamics by 10.0% in the fourth quarter. Lazard Asset Management LLC now owns 536,913 shares of the auto parts company’s stock valued at $20,295,000 after buying an additional 48,710 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Douglas Dynamics by 63.6% in the fourth quarter. First Trust Advisors LP now owns 87,736 shares of the auto parts company’s stock valued at $3,316,000 after buying an additional 34,123 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.
PLOW has been the topic of a number of recent research reports. ValuEngine downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research downgraded Douglas Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Craig Hallum set a $50.00 price objective on Douglas Dynamics and gave the company a “buy” rating in a research report on Wednesday, February 28th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $44.00 price objective on shares of Douglas Dynamics in a research report on Thursday, March 1st. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Douglas Dynamics currently has an average rating of “Buy” and a consensus target price 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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