Douglas Dynamics (NYSE:PLOW) Sets New 1-Year High - What's Next?

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $31.25 and last traded at $31.36, with a volume of 5058 shares changing hands. The stock had previously closed at $30.85.

Douglas Dynamics Trading Up 1.6%

The business's fifty day moving average is $27.59 and its 200-day moving average is $25.56. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 2.37. The firm has a market cap of $727.29 million, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 1.16 and a beta of 1.30.

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

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were paid a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.18 dividend on an annualized basis and a yield of 3.77%. Douglas Dynamics's dividend payout ratio (DPR) is presently 43.38%.

Insider Activity at Douglas Dynamics

In related news, Director James L. Janik sold 15,650 shares of the 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 transaction, the director directly owned 40,136 shares in the company, valued at $1,164,345.36. This trade represents a 28.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Douglas Dynamics during the first quarter valued at about $53,000. US Bancorp DE boosted its stake in Douglas Dynamics by 15.6% during the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock valued at $72,000 after purchasing an additional 413 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Douglas Dynamics during the 4th quarter valued at about $111,000. CWM LLC increased its holdings in Douglas Dynamics by 24.2% during the 1st quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock worth $125,000 after purchasing an additional 1,052 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of Douglas Dynamics in the fourth quarter worth approximately $153,000. 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.