Millennium Management LLC Has $1.04 Million Stock Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Millennium Management LLC increased its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 27.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,823 shares of the auto parts company's stock after acquiring an additional 9,411 shares during the period. Millennium Management LLC owned about 0.19% of Douglas Dynamics worth $1,036,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. US Bancorp DE lifted its stake in Douglas Dynamics by 15.6% during the fourth 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Douglas Dynamics by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the auto parts company's stock worth $307,000 after buying an additional 591 shares during the period. Wellington Management Group LLP lifted its position in shares of 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 buying an additional 750 shares during the period. Versor Investments LP boosted its stake in Douglas Dynamics by 15.5% in the 4th quarter. Versor Investments LP now owns 22,400 shares of the auto parts company's stock valued at $529,000 after buying an additional 3,000 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Douglas Dynamics by 1.1% in the fourth quarter. Bank of America Corp DE now owns 274,978 shares of the auto parts company's stock valued at $6,498,000 after acquiring an additional 3,089 shares during the period. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Douglas Dynamics

In other news, Director James L. Janik sold 15,650 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $29.01, for a total transaction of $454,006.50. Following the sale, the director now directly owns 40,136 shares of the company's stock, valued at $1,164,345.36. This represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.50% of the company's stock.

Douglas Dynamics Price Performance

PLOW stock traded up $0.29 during midday trading on Friday, reaching $27.80. 91,937 shares of the company's stock traded hands, compared to its average volume of 190,086. The company has a 50-day simple moving average of $25.32 and a two-hundred day simple moving average of $25.11. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a 1-year low of $21.30 and a 1-year high of $30.98. The company has a market cap of $645.30 million, a price-to-earnings ratio of 12.09, a PEG ratio of 1.14 and a beta of 1.29.

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

Analysts Set New Price Targets

PLOW has been the topic of several recent analyst reports. DA Davidson restated a "buy" rating and issued a $32.00 target price on shares of Douglas Dynamics in a research note on Tuesday, February 25th. Wall Street Zen raised 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.