Douglas Dynamics, Inc. (NYSE:PLOW) Stake Boosted by First Hawaiian Bank

First Hawaiian Bank increased its stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 53.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,738 shares of the auto parts company's stock after buying an additional 10,030 shares during the period. First Hawaiian Bank owned 0.12% of Douglas Dynamics worth $668,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP lifted its position in Douglas Dynamics by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company's stock worth $6,625,000 after acquiring an additional 750 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Douglas Dynamics by 9.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,780 shares of the auto parts company's stock worth $1,625,000 after acquiring an additional 5,879 shares in the last quarter. Sovereign s Capital Management LLC acquired a new position in shares of Douglas Dynamics during the 4th quarter worth about $1,289,000. State of Wyoming acquired a new position in shares of Douglas Dynamics during the fourth quarter valued at approximately $153,000. Finally, Systematic Financial Management LP raised its stake in Douglas Dynamics by 27.9% in the 4th quarter. Systematic Financial Management LP now owns 276,453 shares of the auto parts company's stock valued at $6,533,000 after purchasing an additional 60,388 shares during the last quarter. Institutional investors own 91.85% of the company's stock.

Analysts Set New Price Targets

PLOW has been the topic of several recent analyst reports. 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 issued a $32.00 price objective on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Douglas Dynamics Stock Performance

Shares of NYSE:PLOW traded down $0.08 during midday trading on Wednesday, hitting $27.58. The stock had a trading volume of 104,472 shares, compared to its average volume of 190,921. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average price of $25.23 and a two-hundred day moving average price of $25.10. Douglas Dynamics, Inc. has a 1 year low of $21.30 and a 1 year high of $30.98. The company has a market capitalization of $640.10 million, a PE ratio of 11.99, a P/E/G ratio of 1.14 and a beta of 1.25.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $115.07 million during the quarter, compared to analysts' expectations of $107.80 million. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. The business's revenue for the quarter was up 20.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.29) earnings per share. As a group, equities analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Insider Activity

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 completion of the transaction, the director now owns 40,136 shares in the company, valued at approximately $1,164,345.36. This trade represents a 28.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.