Olstein Capital Management L.P. cut its stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 20.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,000 shares of the auto parts company's stock after selling 15,000 shares during the quarter. Olstein Capital Management L.P. owned approximately 0.26% of Douglas Dynamics worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the company. US Bancorp DE grew its stake in 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 purchasing an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Douglas Dynamics during the 4th quarter valued at about $111,000. State of Wyoming acquired a new stake in shares of Douglas Dynamics during the 4th quarter valued at about $153,000. Aquatic Capital Management LLC grew its stake in shares of Douglas Dynamics by 358.9% in the 4th 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 position in Douglas Dynamics in the fourth quarter worth approximately $219,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently weighed in on PLOW shares. DA Davidson reaffirmed a "buy" rating and set a $32.00 price objective on shares of Douglas Dynamics in a research report on Tuesday, February 25th. Wall Street Zen upgraded shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th.
Read Our Latest Report on PLOW
Douglas Dynamics Stock Up 1.4%
Shares of NYSE:PLOW traded up $0.41 on Thursday, reaching $29.14. The company had a trading volume of 184,165 shares, compared to its average volume of 189,846. The stock has a market capitalization of $676.31 million, a P/E ratio of 12.67, a P/E/G ratio of 1.14 and a beta of 1.29. The stock has a 50-day moving average price of $25.75 and a 200 day moving average price of $25.21. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $30.98. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56.
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 for the quarter, beating analysts' consensus estimates of ($0.16) by $0.25. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. The business had revenue of $115.07 million for the quarter, compared to the consensus estimate of $107.80 million. During the same period last year, the business earned ($0.29) EPS. The firm's revenue was up 20.3% compared to the same quarter last year. On average, equities analysts expect that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.
Douglas Dynamics Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Tuesday, June 17th. Douglas Dynamics's dividend payout ratio is currently 43.38%.
Insider Buying and Selling
In related news, Director James L. Janik sold 15,650 shares of the business's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $29.01, for a total transaction of $454,006.50. Following the completion of the transaction, the director now owns 40,136 shares of the company's stock, valued at approximately $1,164,345.36. The trade was a 28.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is owned by insiders.
Douglas Dynamics Company Profile
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Free Report)
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.
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