Douglas Dynamics, Inc. (NYSE:PLOW) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC reduced its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 22.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,611 shares of the auto parts company's stock after selling 131,675 shares during the period. Silvercrest Asset Management Group LLC owned approximately 1.97% of Douglas Dynamics worth $10,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in Douglas Dynamics during the 4th quarter worth about $49,000. US Bancorp DE boosted 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 valued at $72,000 after acquiring an additional 413 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Douglas Dynamics in the fourth quarter worth $111,000. 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 worth $184,000 after acquiring an additional 6,102 shares during the period. Finally, Quantbot Technologies LP purchased a new position in shares of Douglas Dynamics during the fourth quarter worth $219,000. Institutional investors and hedge funds own 91.85% of the company's stock.

Douglas Dynamics Price Performance

Shares of Douglas Dynamics stock traded down $0.29 during trading hours on Friday, reaching $26.88. The stock had a trading volume of 25,609 shares, compared to its average volume of 201,379. The stock's 50 day moving average is $24.60 and its 200 day moving average is $24.96. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $30.98. The firm has a market capitalization of $623.74 million, a PE ratio of 11.68, a PEG ratio of 1.14 and a beta of 1.25.

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

Douglas Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.39%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics's payout ratio is 43.38%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, Director James L. Janik sold 15,650 shares of Douglas Dynamics 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 now directly owns 40,136 shares of the company's stock, valued at $1,164,345.36. The trade was a 28.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.04% of the stock is currently owned by insiders.

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.