Douglas Dynamics, Inc. Announces Quarterly Dividend of $0.30 (NYSE:PLOW)

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) announced a quarterly dividend on Friday, June 6th, RTT News reports. Investors of record on Tuesday, June 17th will be given a dividend of 0.295 per share by the auto parts company on Monday, June 30th. This represents a $1.18 annualized dividend and a yield of 4.14%. The ex-dividend date is Tuesday, June 17th.

Douglas Dynamics has a dividend payout ratio of 51.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Douglas Dynamics to earn $1.64 per share next year, which means the company should continue to be able to cover its $1.18 annual dividend with an expected future payout ratio of 72.0%.

Douglas Dynamics Stock Performance

Shares of NYSE PLOW traded down $0.32 during midday trading on Wednesday, reaching $28.47. 329,751 shares of the company were exchanged, compared to its average volume of 195,467. The stock has a market cap of $660.86 million, a P/E ratio of 10.47, a PEG ratio of 1.28 and a beta of 1.29. Douglas Dynamics has a 1 year low of $21.30 and a 1 year high of $30.98. The stock has a fifty day simple moving average of $26.29 and a 200 day simple moving average of $25.30. The company has a current ratio of 2.37, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.25. The company 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 15.17% and a net margin of 11.00%. The company's revenue was up 20.3% on a year-over-year basis. During the same period last year, the business posted ($0.29) EPS. On average, research analysts forecast that Douglas Dynamics will post 1.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PLOW. Wall Street Zen raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. DA Davidson reaffirmed a "buy" rating and issued a $32.00 price objective on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Insider Buying and Selling at Douglas Dynamics

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $29.01, for a total value of $454,006.50. Following the sale, the director now owns 40,136 shares of the company's stock, valued at approximately $1,164,345.36. This represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.04% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in Douglas Dynamics by 28.3% during the 1st quarter. Royal Bank of Canada now owns 88,051 shares of the auto parts company's stock valued at $2,045,000 after buying an additional 19,447 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Douglas Dynamics by 10.2% in the first quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company's stock valued at $2,636,000 after acquiring an additional 10,535 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Douglas Dynamics by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company's stock valued at $314,000 after acquiring an additional 546 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Douglas Dynamics by 11.2% during 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 purchasing an additional 7,733 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.