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

Silvercrest Asset Management Group LLC trimmed its holdings in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 455,611 shares of the auto parts company's stock after selling 131,675 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 1.97% of Douglas Dynamics worth $10,766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of PLOW. Point72 Asset Management L.P. grew its stake in Douglas Dynamics by 50.5% in the fourth quarter. Point72 Asset Management L.P. now owns 10,680 shares of the auto parts company's stock worth $252,000 after purchasing an additional 3,585 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Douglas Dynamics by 16.2% in the 4th quarter. ProShare Advisors LLC now owns 308,767 shares of the auto parts company's stock worth $7,296,000 after buying an additional 43,144 shares during the period. Nuveen Asset Management LLC grew 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 worth $3,270,000 after buying an additional 61,759 shares in the last quarter. Needham Investment Management LLC increased its stake in shares of Douglas Dynamics by 366.7% during the fourth quarter. Needham Investment Management LLC now owns 70,000 shares of the auto parts company's stock valued at $1,654,000 after buying an additional 55,000 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Douglas Dynamics by 27.3% during the fourth quarter. Millennium Management LLC now owns 43,823 shares of the auto parts company's stock valued at $1,036,000 after buying an additional 9,411 shares during the period. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Douglas Dynamics

In related 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 value of $454,006.50. Following the completion of the transaction, the director now directly owns 40,136 shares of the company's stock, valued at $1,164,345.36. This trade represents a 28.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.04% of the company's stock.

Douglas Dynamics Stock Down 1.8%

Shares of NYSE:PLOW traded down $0.49 on Thursday, reaching $27.21. The company had a trading volume of 117,012 shares, compared to its average volume of 192,238. The firm has a market capitalization of $631.47 million, a PE ratio of 11.83, a PEG ratio of 1.14 and a beta of 1.25. 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 52-week low of $21.30 and a 52-week high of $30.98. The firm's 50 day simple moving average is $24.55 and its 200-day simple moving average is $24.93.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its quarterly earnings results 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 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 in the prior year, the firm posted ($0.29) earnings per share. The business's quarterly revenue was up 20.3% on a year-over-year basis. As a group, analysts expect that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.34%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics's dividend payout ratio is presently 43.38%.

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.