First Trust Advisors LP Reduces Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

First Trust Advisors LP decreased its stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 83.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,129 shares of the auto parts company's stock after selling 380,364 shares during the period. First Trust Advisors LP owned about 0.32% of Douglas Dynamics worth $1,728,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new position in shares of Douglas Dynamics during the fourth quarter worth $49,000. US Bancorp DE grew its position in shares of Douglas Dynamics by 15.6% in the 4th 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. KLP Kapitalforvaltning AS acquired a new stake in shares of Douglas Dynamics in the fourth quarter valued at about $111,000. Quantbot Technologies LP bought a new position in shares of Douglas Dynamics during the fourth quarter worth about $219,000. Finally, Intech Investment Management LLC acquired a new position in shares of Douglas Dynamics in the fourth quarter worth approximately $255,000. Institutional investors and hedge funds own 91.85% of the company's stock.

Douglas Dynamics Stock Up 4.2 %

Shares of Douglas Dynamics stock traded up $1.08 during trading hours on Thursday, reaching $26.70. The company's stock had a trading volume of 295,192 shares, compared to its average volume of 187,997. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. The stock's fifty day simple moving average is $23.92 and its two-hundred day simple moving average is $24.68. The company has a market capitalization of $616.72 million, a P/E ratio of 11.61, a P/E/G ratio of 1.14 and a beta of 1.25. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $30.98.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.25. The company had revenue of $115.07 million for the quarter, compared to analyst estimates of $107.80 million. Douglas Dynamics had a net margin of 9.89% and a return on equity of 12.68%. The firm's revenue was up 20.3% on a year-over-year basis. During the same period last year, the firm earned ($0.29) earnings per share. On average, research analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics's dividend payout ratio is currently 50.43%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PLOW. StockNews.com raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. DA Davidson reissued a "buy" rating and set a $32.00 target price on shares of Douglas Dynamics in a research note on Tuesday, February 25th.

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.