Graham Capital Management L.P. Makes New $296,000 Investment in Douglas Dynamics, Inc. (NYSE:PLOW)

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ararat Capital Management LP lifted its holdings in shares of Douglas Dynamics by 40.6% in the fourth quarter. Ararat Capital Management LP now owns 807,186 shares of the auto parts company's stock valued at $19,074,000 after purchasing an additional 233,255 shares in the last quarter. Ranger Investment Management L.P. bought a new position in shares of Douglas Dynamics in the fourth quarter valued at approximately $4,173,000. Franklin Resources Inc. bought a new position in shares of Douglas Dynamics in the fourth quarter valued at approximately $3,523,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Douglas Dynamics by 18.8% in the fourth 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 purchasing an additional 143,853 shares in the last quarter. Finally, Drystone LLC bought a new position in shares of Douglas Dynamics in the fourth quarter valued at approximately $2,531,000. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Performance

Shares of PLOW traded down $0.21 on Friday, reaching $26.95. 134,993 shares of the company's stock traded hands, compared to its average volume of 191,969. 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 market cap of $625.44 million, a PE ratio of 11.72, a PEG ratio of 1.14 and a beta of 1.25. The stock's 50 day simple moving average is $24.66 and its two-hundred day simple moving average is $24.98. Douglas Dynamics, Inc. has a 52-week low of $21.30 and a 52-week high of $30.98.

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, beating analysts' consensus estimates of ($0.16) by $0.25. The company had revenue of $115.07 million during the quarter, compared to the consensus estimate of $107.80 million. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. Douglas Dynamics's revenue was up 20.3% on a year-over-year basis. During the same period last year, the business posted ($0.29) earnings per share. On average, analysts forecast 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. Investors of record on Tuesday, March 18th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Tuesday, March 18th. Douglas Dynamics's payout ratio is 43.38%.

Insider Activity at Douglas Dynamics

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the firm's stock in a transaction 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 sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.04% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PLOW has been the topic of a number of recent research reports. DA Davidson restated a "buy" rating and issued a $32.00 target price on shares of Douglas Dynamics in a report on Tuesday, February 25th. Wall Street Zen raised Douglas Dynamics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th.

Douglas Dynamics Company 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.