ARGA Investment Management LP Invests $381,000 in Douglas Dynamics, Inc. (NYSE:PLOW)

ARGA Investment Management LP bought a new position in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,386 shares of the auto parts company's stock, valued at approximately $381,000. ARGA Investment Management LP owned 0.07% of Douglas Dynamics at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE increased its stake in shares of Douglas Dynamics by 15.6% in the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock valued at $72,000 after buying an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Douglas Dynamics in the fourth quarter valued at $111,000. State of Wyoming acquired a new stake in shares of Douglas Dynamics in the fourth quarter valued at $153,000. Aquatic Capital Management LLC increased its stake in shares of Douglas Dynamics by 358.9% in the fourth quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock valued at $184,000 after buying an additional 6,102 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Douglas Dynamics in the fourth quarter valued at $219,000. 91.85% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the business's stock in a transaction that occurred 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 owned 40,136 shares in the company, valued at approximately $1,164,345.36. The trade was a 28.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.50% of the company's stock.

Douglas Dynamics Price Performance

Shares of NYSE:PLOW traded down $0.27 during midday trading on Tuesday, reaching $30.74. The company's stock had a trading volume of 175,618 shares, compared to its average volume of 192,858. Douglas Dynamics, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $31.98. The company has a market capitalization of $713.44 million, a P/E ratio of 11.30, a P/E/G ratio of 1.18 and a beta of 1.30. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 0.70. The business's fifty day simple moving average is $28.02 and its 200-day simple moving average is $25.72.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings data 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. Douglas Dynamics had a return on equity of 15.17% and a net margin of 11.00%. The business had revenue of $115.07 million for the quarter, compared to analysts' expectations of $107.80 million. During the same quarter in the previous year, the business posted ($0.29) EPS. Douglas Dynamics's revenue for the quarter was up 20.3% on a year-over-year basis. As a group, equities research analysts expect 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, June 30th. Shareholders of record on Tuesday, June 17th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 3.84%. The ex-dividend date was Tuesday, June 17th. Douglas Dynamics's payout ratio is 43.38%.

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.