Envestnet Asset Management Inc. Has $1.26 Million Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

Key Points

• Envestnet Asset Management Inc. increased its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 58.6% during the 1st quarter, now owning approximately 0.23% of the company's shares valued at $1.26 million.
• Douglas Dynamics reported earnings of $0.09 per share for the last quarter, exceeding analysts' expectations, along with a year-over-year revenue increase of 20.3% to $115.07 million.
• The company announced a quarterly dividend of $0.295 per share with a 4.2% yield, reflecting a dividend payout ratio of 43.38%.

Envestnet Asset Management Inc. grew its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 58.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 54,145 shares of the auto parts company's stock after purchasing an additional 19,997 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.23% of Douglas Dynamics worth $1,258,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its position in Douglas Dynamics by 0.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,451,938 shares of the auto parts company's stock worth $57,032,000 after purchasing an additional 11,297 shares during the period. Millennium Management LLC lifted its position in shares of Douglas Dynamics by 27.3% during the 4th quarter. Millennium Management LLC now owns 43,823 shares of the auto parts company's stock valued at $1,036,000 after acquiring an additional 9,411 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Douglas Dynamics by 3,811.8% during the 1st quarter. GAMMA Investing LLC now owns 13,613 shares of the auto parts company's stock valued at $316,000 after acquiring an additional 13,265 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Douglas Dynamics by 80.6% during the 4th quarter. Nuveen Asset Management LLC now owns 138,392 shares of the auto parts company's stock valued at $3,270,000 after acquiring an additional 61,759 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in shares of Douglas Dynamics by 72.7% during the 1st quarter. Teacher Retirement System of Texas now owns 132,214 shares of the auto parts company's stock valued at $3,071,000 after acquiring an additional 55,657 shares during the last quarter. 91.85% of the stock is owned by institutional investors.

Douglas Dynamics Stock Up 5.6%

Shares of NYSE PLOW traded up $1.60 during mid-day trading on Tuesday, reaching $29.92. The company had a trading volume of 108,977 shares, compared to its average volume of 196,924. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $31.98. 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 stock has a market capitalization of $694.30 million, a PE ratio of 10.99, a price-to-earnings-growth ratio of 1.05 and a beta of 1.32. The stock's 50 day moving average is $29.01 and its 200-day moving average is $26.49.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The auto parts company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.30. The company had revenue of $194.33 million during the quarter, compared to analysts' expectations of $189.47 million. Douglas Dynamics had a net margin of 11.00% and a return on equity of 15.17%. The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.11 earnings per share. As a group, equities analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, June 17th. Douglas Dynamics's dividend payout ratio (DPR) is presently 43.38%.

Insider Buying and Selling at Douglas Dynamics

In related news, Director James L. Janik sold 15,650 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $29.01, for a total value of $454,006.50. Following the completion of the sale, the director owned 40,136 shares in the company, valued at approximately $1,164,345.36. This trade represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

PLOW has been the subject of a number of recent research reports. Wall Street Zen downgraded Douglas Dynamics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. DA Davidson upped their price target on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Tuesday, July 22nd.

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.