James L. Janik Sells 15,650 Shares of Douglas Dynamics, Inc. (NYSE:PLOW) Stock

Douglas Dynamics, Inc. (NYSE:PLOW) Director James L. Janik sold 15,650 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $29.01, for a total value of $454,006.50. Following the completion of the transaction, the director now owns 40,136 shares in the company, valued at $1,164,345.36. This trade represents a 28.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Douglas Dynamics Trading Down 0.6%

Shares of PLOW stock opened at $28.48 on Wednesday. The company has a market capitalization of $660.99 million, a price-to-earnings ratio of 12.38, a PEG ratio of 1.14 and a beta of 1.25. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $24.48 and a 200 day moving average price of $24.91. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $30.98.

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

Douglas Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a $0.295 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.14%. Douglas Dynamics’s dividend payout ratio (DPR) is 43.38%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. DA Davidson reissued a “buy” rating and set a $32.00 price target on shares of Douglas Dynamics in a report on Tuesday, February 25th. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th.

Institutional Trading of Douglas Dynamics

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Douglas Dynamics by 11.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,513 shares of the auto parts company’s stock worth $1,777,000 after acquiring an additional 7,733 shares during the period. Dean Capital Management grew its stake in Douglas Dynamics by 40.8% during the 1st quarter. Dean Capital Management now owns 68,622 shares of the auto parts company’s stock valued at $1,594,000 after purchasing an additional 19,895 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Douglas Dynamics by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company’s stock worth $314,000 after purchasing an additional 546 shares during the last quarter. Invenomic Capital Management LP boosted its stake in shares of Douglas Dynamics by 60.5% during the 1st quarter. Invenomic Capital Management LP now owns 490,603 shares of the auto parts company’s stock valued at $11,397,000 after buying an additional 184,941 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Douglas Dynamics by 10.2% during the first quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company’s stock worth $2,636,000 after buying an additional 10,535 shares in the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

About Douglas Dynamics

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.