Douglas Dynamics, Inc. (NYSE:PLOW) Short Interest Down 14.5% in May

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 384,800 shares, a decline of 14.5% from the April 30th total of 449,900 shares. Based on an average trading volume of 227,100 shares, the short-interest ratio is presently 1.7 days. Approximately 1.7% of the company's shares are short sold.

Analyst Upgrades and Downgrades

PLOW has been the topic of several analyst reports. DA Davidson reaffirmed a "buy" rating and issued a $32.00 target price on shares of Douglas Dynamics in a research report on Tuesday, February 25th. Wall Street Zen upgraded shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th.

Douglas Dynamics Price Performance

NYSE:PLOW traded up $0.06 during trading hours on Thursday, reaching $27.64. The company had a trading volume of 22,348 shares, compared to its average volume of 190,259. The firm has a market capitalization of $641.50 million, a PE ratio of 12.02, a PEG ratio of 1.14 and a beta of 1.25. Douglas Dynamics has a one year low of $21.30 and a one year high of $30.98. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average of $25.23 and a two-hundred day moving average of $25.10.

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 (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.25. The firm had revenue of $115.07 million for the quarter, compared to the consensus estimate of $107.80 million. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. The company's revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.29) EPS. Analysts forecast that Douglas Dynamics will post 1.3 earnings per share for the current year.

Insider Buying and Selling at Douglas Dynamics

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of Douglas Dynamics stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $29.01, for a total transaction of $454,006.50. Following the sale, the director now directly owns 40,136 shares in the company, valued at $1,164,345.36. The trade was a 28.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.50% of the stock is owned by company insiders.

Institutional Trading of Douglas Dynamics

Several hedge funds have recently added to or reduced their stakes in PLOW. Allspring Global Investments Holdings LLC lifted its holdings in shares of Douglas Dynamics by 0.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,451,938 shares of the auto parts company's stock worth $57,032,000 after acquiring an additional 11,297 shares during the period. Pzena Investment Management LLC raised its stake in Douglas Dynamics by 35.4% during the first quarter. Pzena Investment Management LLC now owns 2,273,003 shares of the auto parts company's stock worth $52,802,000 after buying an additional 593,962 shares during the last quarter. Vanguard Group Inc. increased its holdings in Douglas Dynamics by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,317,898 shares of the auto parts company's stock worth $30,615,000 after purchasing an additional 26,118 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Douglas Dynamics by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 954,671 shares of the auto parts company's stock worth $22,559,000 after purchasing an additional 44,063 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its stake in Douglas Dynamics by 18.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 909,283 shares of the auto parts company's stock valued at $21,487,000 after purchasing an additional 143,853 shares in the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

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.