Douglas Dynamics, Inc. (NYSE:PLOW) Shares Sold by First Trust Advisors LP

First Trust Advisors LP cut its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 83.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,129 shares of the auto parts company's stock after selling 380,364 shares during the quarter. First Trust Advisors LP owned approximately 0.32% of Douglas Dynamics worth $1,728,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PLOW. Ranger Investment Management L.P. purchased a new stake in Douglas Dynamics in the fourth quarter valued at approximately $4,173,000. Franklin Resources Inc. purchased a new stake in shares of Douglas Dynamics during the fourth quarter worth approximately $3,523,000. Drystone LLC purchased a new stake in shares of Douglas Dynamics during the fourth quarter worth approximately $2,531,000. Monimus Capital Management LP purchased a new stake in shares of Douglas Dynamics during the fourth quarter worth approximately $2,400,000. Finally, Keeley Teton Advisors LLC purchased a new stake in shares of Douglas Dynamics during the fourth quarter worth approximately $2,253,000. Hedge funds and other institutional investors own 91.85% of the company's stock.

Douglas Dynamics Price Performance

PLOW stock traded up $0.48 on Friday, reaching $27.23. 498,153 shares of the company's stock were exchanged, compared to its average volume of 189,240. The stock has a fifty day moving average of $23.95 and a 200-day moving average of $24.67. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $30.98. The firm has a market cap of $631.98 million, a PE ratio of 11.84, a P/E/G ratio of 1.14 and a beta of 1.25. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The auto parts company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $107.80 million. During the same quarter in the prior year, the company posted ($0.29) earnings per share. Douglas Dynamics's quarterly revenue was up 20.3% on a year-over-year basis. As a group, equities analysts predict that Douglas Dynamics, Inc. will post 1.3 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.33%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics's dividend payout ratio (DPR) is 43.38%.

Analysts Set New Price Targets

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