Invenomic Capital Management LP Buys 92,062 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Invenomic Capital Management LP boosted its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 43.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 305,662 shares of the auto parts company’s stock after buying an additional 92,062 shares during the period. Invenomic Capital Management LP’s holdings in Douglas Dynamics were worth $7,223,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PLOW. US Bancorp DE grew its holdings in shares of Douglas Dynamics by 15.6% during the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock valued at $72,000 after buying an additional 413 shares during the last quarter. Wellington Management Group LLP boosted its stake in Douglas Dynamics by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company’s stock valued at $6,625,000 after purchasing an additional 750 shares during the last quarter. R Squared Ltd bought a new stake in shares of Douglas Dynamics in the 4th quarter worth $49,000. Versor Investments LP lifted its holdings in shares of Douglas Dynamics by 15.5% during the fourth quarter. Versor Investments LP now owns 22,400 shares of the auto parts company’s stock valued at $529,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Douglas Dynamics by 1.1% during the fourth quarter. Bank of America Corp DE now owns 274,978 shares of the auto parts company’s stock valued at $6,498,000 after buying an additional 3,089 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

PLOW has been the topic of several research analyst reports. DA Davidson restated a “buy” rating and set a $32.00 target price on shares of Douglas Dynamics in a research note on Tuesday, February 25th. StockNews.com upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th.

Douglas Dynamics Stock Performance

Shares of NYSE PLOW opened at $27.23 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a 12-month low of $21.30 and a 12-month high of $30.98. The firm has a market capitalization of $631.98 million, a price-to-earnings ratio of 11.84, a price-to-earnings-growth ratio of 1.14 and a beta of 1.25. The firm has a 50 day moving average of $23.95 and a 200 day moving average of $24.68.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, May 5th. The auto parts company reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.25. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. The firm had revenue of $115.07 million during the quarter, compared to analyst estimates of $107.80 million. During the same period in the prior year, the business posted ($0.29) EPS. Douglas Dynamics’s revenue was up 20.3% on a year-over-year basis. On average, research analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a dividend of $0.295 per share. The ex-dividend date was Tuesday, March 18th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.33%. Douglas Dynamics’s payout ratio is currently 43.38%.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.