Millennium Management LLC Grows Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Millennium Management LLC increased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 27.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 43,823 shares of the auto parts company's stock after acquiring an additional 9,411 shares during the quarter. Millennium Management LLC owned approximately 0.19% of Douglas Dynamics worth $1,036,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of PLOW. US Bancorp DE lifted its stake in shares of Douglas Dynamics by 15.6% during the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock worth $72,000 after purchasing an additional 413 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Douglas Dynamics in the fourth quarter valued at $111,000. Aquatic Capital Management LLC lifted 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 worth $184,000 after buying an additional 6,102 shares during the period. Quantbot Technologies LP purchased a new position in Douglas Dynamics during the fourth quarter worth about $219,000. Finally, Intech Investment Management LLC acquired a new stake in Douglas Dynamics in the 4th quarter worth about $255,000. Institutional investors and hedge funds own 91.85% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. DA Davidson reiterated a "buy" rating and set a $32.00 price objective on shares of Douglas Dynamics in a report on Tuesday, February 25th. Wall Street Zen raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th.

Douglas Dynamics Trading Up 2.5%

NYSE:PLOW traded up $0.70 on Monday, hitting $28.51. 180,674 shares of the stock were exchanged, compared to its average volume of 190,258. The stock has a fifty day moving average of $25.41 and a 200-day moving average of $25.14. The stock has a market cap of $661.74 million, a PE ratio of 12.40, a PEG ratio of 1.14 and a beta of 1.29. 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 fifty-two week low of $21.30 and a fifty-two week high of $30.98.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its 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. The firm had revenue of $115.07 million during the quarter, compared to the consensus estimate of $107.80 million. Douglas Dynamics had a net margin of 9.89% and a return on equity of 12.68%. The company's revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.29) EPS. As a group, equities 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 announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.14%. Douglas Dynamics's payout ratio is 43.38%.

Insider Buying and Selling

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 stock was sold at an average price of $29.01, for a total transaction of $454,006.50. Following the transaction, the director now owns 40,136 shares in the company, valued at $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 is available through this hyperlink. 2.50% of the stock is owned by corporate insiders.

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.