Legato Capital Management LLC Grows Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Legato Capital Management LLC boosted its position in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 41.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,229 shares of the auto parts company's stock after acquiring an additional 12,588 shares during the quarter. Legato Capital Management LLC owned 0.19% of Douglas Dynamics worth $1,004,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PLOW. KLP Kapitalforvaltning AS bought a new position in Douglas Dynamics in the fourth quarter valued at $111,000. CWM LLC boosted its position in Douglas Dynamics by 24.2% during the first quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock valued at $125,000 after buying an additional 1,052 shares during the period. State of Wyoming purchased a new stake in Douglas Dynamics during the fourth quarter valued at about $153,000. Aquatic Capital Management LLC boosted its position in Douglas Dynamics by 358.9% during the fourth quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock valued at $184,000 after buying an additional 6,102 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in Douglas Dynamics during the fourth quarter valued at about $219,000. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Trading Down 0.5%

Shares of Douglas Dynamics stock traded down $0.15 during trading on Friday, reaching $29.27. 119,988 shares of the stock were exchanged, compared to its average volume of 212,232. The company has a quick ratio of 0.70, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The stock's fifty day moving average is $28.91 and its 200 day moving average is $26.29. The firm has a market cap of $679.37 million, a price-to-earnings ratio of 10.76, a price-to-earnings-growth ratio of 1.10 and a beta of 1.30. Douglas Dynamics, Inc. has a 1 year low of $21.30 and a 1 year high of $31.98.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its quarterly earnings data 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. Douglas Dynamics had a net margin of 11.00% and a return on equity of 15.17%. The business had revenue of $115.07 million during the quarter, compared to analyst estimates of $107.80 million. During the same period last year, the business posted ($0.29) earnings per share. Douglas Dynamics's quarterly revenue was up 20.3% compared to the same quarter last year. As a group, equities research analysts expect that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were issued a $0.295 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $1.18 annualized dividend and a yield of 4.03%. Douglas Dynamics's dividend payout ratio (DPR) is presently 43.38%.

Insider Buying and Selling

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the firm'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 sale, the director directly owned 40,136 shares in the company, valued at $1,164,345.36. This trade represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.50% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. DA Davidson upped their price target on shares of Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen lowered shares of Douglas Dynamics from a "strong-buy" rating to a "buy" rating in a report on Saturday.

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.