Janney Montgomery Scott LLC reduced its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 3.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,019 shares of the auto parts company’s stock after selling 1,126 shares during the period. Janney Montgomery Scott LLC owned about 0.13% of Douglas Dynamics worth $988,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Gilman Hill Asset Management LLC increased its stake in Douglas Dynamics by 4.1% in the second quarter. Gilman Hill Asset Management LLC now owns 174,956 shares of the auto parts company’s stock worth $5,756,000 after buying an additional 6,962 shares during the last quarter. North Star Investment Management Corp. increased its stake in Douglas Dynamics by 2.4% in the second quarter. North Star Investment Management Corp. now owns 103,844 shares of the auto parts company’s stock worth $3,416,000 after buying an additional 2,450 shares during the last quarter. Eqis Capital Management Inc. increased its stake in Douglas Dynamics by 15.2% in the second quarter. Eqis Capital Management Inc. now owns 57,606 shares of the auto parts company’s stock worth $1,895,000 after buying an additional 7,584 shares during the last quarter. GW&K Investment Management LLC purchased a new stake in Douglas Dynamics during the second quarter worth $257,000. Finally, Atria Investments LLC increased 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 during the last quarter. Institutional investors own 85.44% of the company’s stock.
Shares of Douglas Dynamics, Inc. (NYSE PLOW) opened at 33.80 on Friday. Douglas Dynamics, Inc. has a 12 month low of $25.23 and a 12 month high of $35.90. The company has a market cap of $763.54 million, a P/E ratio of 26.83 and a beta of 1.14. The firm has a 50-day moving average price of $32.02 and a 200 day moving average price of $31.63.
Douglas Dynamics (NYSE:PLOW) last announced its earnings results on Monday, August 7th. The auto parts company reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.11. The firm had revenue of $139.40 million during the quarter, compared to analysts’ expectations of $132.33 million. Douglas Dynamics had a return on equity of 14.96% and a net margin of 6.16%. The company’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. Equities analysts predict that Douglas Dynamics, Inc. will post $1.50 earnings per share for the current year.
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A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Douglas Dynamics from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Saturday. BidaskClub downgraded Douglas Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. dropped coverage on Douglas Dynamics in a research report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $40.00.
Douglas Dynamics Company Profile
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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