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

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) announced a quarterly dividend on Friday, June 6th, RTT News reports. Shareholders 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 4.12%. The ex-dividend date is Tuesday, June 17th.

Douglas Dynamics has a payout ratio of 51.1% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of PLOW traded down $0.50 during trading hours on Friday, reaching $28.66. 186,545 shares of the company traded hands, compared to its average volume of 189,449. 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 market capitalization of $665.17 million, a PE ratio of 12.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29. Douglas Dynamics has a fifty-two week low of $21.30 and a fifty-two week high of $30.98. The stock has a fifty day simple moving average of $26.02 and a 200 day simple moving average of $25.25.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The auto parts company reported $0.09 EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.25. The business had revenue of $115.07 million for 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 revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter last year, the company earned ($0.29) earnings per share. As a group, research analysts predict that Douglas Dynamics will post 1.3 EPS for the current fiscal year.

Insider Activity at Douglas Dynamics

In related news, Director James L. Janik sold 15,650 shares of the firm's stock in a transaction dated 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 approximately $1,164,345.36. This trade represents a 28.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.50% of the company's stock.

Institutional Investors Weigh In On Douglas Dynamics

Several hedge funds have recently modified their holdings of the stock. 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of 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 in the last quarter. Royal Bank of Canada grew its position in shares of Douglas Dynamics by 28.3% in the 1st quarter. Royal Bank of Canada now owns 88,051 shares of the auto parts company's stock worth $2,045,000 after acquiring an additional 19,447 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Douglas Dynamics by 10.2% in the 1st quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company's stock worth $2,636,000 after acquiring an additional 10,535 shares in the last quarter. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLOW has been the topic of a number of research analyst reports. Wall Street Zen raised 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 issued a $32.00 price objective on shares of Douglas Dynamics in a report 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.