ProShare Advisors LLC Has $7.30 Million Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

ProShare Advisors LLC lifted its stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 16.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 308,767 shares of the auto parts company's stock after acquiring an additional 43,144 shares during the period. ProShare Advisors LLC owned 1.34% of Douglas Dynamics worth $7,296,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised its holdings in shares of Douglas Dynamics by 15.6% in the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock worth $72,000 after purchasing an additional 413 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Douglas Dynamics by 4.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the auto parts company's stock worth $307,000 after purchasing an additional 591 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Douglas Dynamics by 0.3% in the 4th quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company's stock worth $6,625,000 after purchasing an additional 750 shares in the last quarter. R Squared Ltd bought a new stake in shares of Douglas Dynamics in the 4th quarter worth approximately $49,000. Finally, Versor Investments LP raised its holdings in shares of Douglas Dynamics by 15.5% in the 4th quarter. Versor Investments LP now owns 22,400 shares of the auto parts company's stock worth $529,000 after purchasing an additional 3,000 shares in the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PLOW. Wall Street Zen upgraded shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. DA Davidson restated a "buy" rating and set a $32.00 price target on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Douglas Dynamics Trading Down 0.8%

Shares of PLOW stock traded down $0.21 during trading hours on Friday, reaching $26.95. 134,993 shares of the stock traded hands, compared to its average volume of 192,067. Douglas Dynamics, Inc. has a 1-year low of $21.30 and a 1-year high of $30.98. The business has a fifty day moving average price of $24.66 and a 200 day moving average price of $24.98. 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 firm has a market capitalization of $625.44 million, a PE ratio of 11.72, a PEG ratio of 1.14 and a beta of 1.25.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.25. Douglas Dynamics had a net margin of 9.89% and a return on equity of 12.68%. The business had revenue of $115.07 million for the quarter, compared to analyst estimates of $107.80 million. During the same quarter in the previous year, the business earned ($0.29) earnings per share. The firm's revenue was up 20.3% compared to the same quarter last year. On average, equities research analysts forecast that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.38%. Douglas Dynamics's dividend payout ratio is currently 43.38%.

Insider Activity

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

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.