BNP Paribas Financial Markets Decreases Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

BNP Paribas Financial Markets trimmed its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 57.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,523 shares of the auto parts company's stock after selling 28,053 shares during the quarter. BNP Paribas Financial Markets owned 0.09% of Douglas Dynamics worth $485,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ararat Capital Management LP grew its holdings in Douglas Dynamics by 40.6% during the 4th quarter. Ararat Capital Management LP now owns 807,186 shares of the auto parts company's stock valued at $19,074,000 after buying an additional 233,255 shares in the last quarter. Ranger Investment Management L.P. bought a new position in shares of Douglas Dynamics in the fourth quarter valued at approximately $4,173,000. Franklin Resources Inc. purchased a new position in Douglas Dynamics during the fourth quarter valued at approximately $3,523,000. T. Rowe Price Investment Management Inc. grew its stake in Douglas Dynamics by 18.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 909,283 shares of the auto parts company's stock valued at $21,487,000 after acquiring an additional 143,853 shares in the last quarter. Finally, Drystone LLC bought a new stake in Douglas Dynamics during the 4th quarter worth approximately $2,531,000. Hedge funds and other institutional investors own 91.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PLOW. Wall Street Zen raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. DA Davidson reissued a "buy" rating and set a $32.00 price objective on shares of Douglas Dynamics in a research note on Tuesday, February 25th.

Douglas Dynamics Price Performance

Douglas Dynamics stock traded up $0.67 during mid-day trading on Tuesday, hitting $27.64. 126,999 shares of the company traded hands, compared to its average volume of 191,807. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $30.98. The stock has a market cap of $641.57 million, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.14 and a beta of 1.25. The stock has a fifty day moving average price of $24.71 and a 200-day moving average price of $24.98.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted 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. Douglas Dynamics had a net margin of 9.89% and a return on equity of 12.68%. The company had revenue of $115.07 million during the quarter, compared to the consensus estimate of $107.80 million. During the same period in the previous year, the firm posted ($0.29) EPS. The firm's revenue was up 20.3% compared to the same quarter last year. On average, equities analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $29.01, for a total transaction of $454,006.50. Following the transaction, the director now directly owns 40,136 shares in the company, valued at $1,164,345.36. This trade represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.50% 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.