Graham Capital Management L.P. Acquires New Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Graham Capital Management L.P. bought a new stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,541 shares of the auto parts company's stock, valued at approximately $296,000. Graham Capital Management L.P. owned 0.05% of Douglas Dynamics at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PLOW. Allspring Global Investments Holdings LLC lifted its stake in Douglas Dynamics by 0.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company's stock worth $57,819,000 after purchasing an additional 20,233 shares during the last quarter. Pzena Investment Management LLC raised its holdings in shares of Douglas Dynamics by 3.3% in the fourth quarter. Pzena Investment Management LLC now owns 1,679,041 shares of the auto parts company's stock worth $39,676,000 after buying an additional 54,221 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Douglas Dynamics by 4.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 954,671 shares of the auto parts company's stock worth $22,559,000 after acquiring an additional 44,063 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Douglas Dynamics by 18.8% during the 4th 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 during the period. Finally, Ararat Capital Management LP grew its position in Douglas Dynamics by 40.6% in 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 acquiring an additional 233,255 shares during the last quarter. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Trading Down 2.8%

PLOW traded down $0.80 during trading on Wednesday, hitting $27.73. 172,800 shares of the stock were exchanged, compared to its average volume of 192,403. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. The firm has a 50 day simple moving average of $24.48 and a 200 day simple moving average of $24.91. The firm has a market cap of $643.59 million, a price-to-earnings ratio of 12.06, a P/E/G ratio of 1.14 and a beta of 1.25. Douglas Dynamics, Inc. has a 1 year low of $21.30 and a 1 year high of $30.98.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The auto parts company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.25. The firm had revenue of $115.07 million for the quarter, compared to analyst estimates 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 firm posted ($0.29) earnings per share. As a group, equities analysts expect that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.18 annualized dividend and a dividend yield of 4.26%. Douglas Dynamics's dividend payout ratio is currently 43.38%.

Insider Transactions at Douglas Dynamics

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the business's stock in a transaction dated 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 in the company, valued at approximately $1,164,345.36. The trade was a 28.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.04% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. DA Davidson reiterated a "buy" rating and set a $32.00 target price on shares of Douglas Dynamics in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th.

Douglas Dynamics Profile

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.