Nisa Investment Advisors LLC Cuts Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Nisa Investment Advisors LLC lessened its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 78.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,646 shares of the auto parts company's stock after selling 9,612 shares during the period. Nisa Investment Advisors LLC's holdings in Douglas Dynamics were worth $61,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PLOW. ARGA Investment Management LP purchased a new stake in Douglas Dynamics in the 1st quarter worth approximately $381,000. Envestnet Asset Management Inc. increased its holdings in Douglas Dynamics by 58.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 54,145 shares of the auto parts company's stock worth $1,258,000 after acquiring an additional 19,997 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Douglas Dynamics by 72.7% in the 1st quarter. Teacher Retirement System of Texas now owns 132,214 shares of the auto parts company's stock worth $3,071,000 after acquiring an additional 55,657 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Douglas Dynamics by 0.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,451,938 shares of the auto parts company's stock worth $57,032,000 after acquiring an additional 11,297 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in Douglas Dynamics by 3.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 367,673 shares of the auto parts company's stock worth $8,541,000 after acquiring an additional 11,696 shares in the last quarter. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Up 2.8%

Shares of PLOW stock traded up $0.80 on Tuesday, reaching $29.45. 196,131 shares of the company's stock traded hands, compared to its average volume of 188,434. Douglas Dynamics, Inc. has a 12-month low of $21.30 and a 12-month high of $31.98. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 2.37. The company has a market capitalization of $683.53 million, a P/E ratio of 10.83, a price-to-earnings-growth ratio of 1.08 and a beta of 1.30. The business's 50 day moving average price is $28.88 and its two-hundred day moving average price is $26.11.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.25. Douglas Dynamics had a return on equity of 15.17% and a net margin of 11.00%. The company had revenue of $115.07 million during the quarter, compared to the consensus estimate of $107.80 million. During the same quarter in the prior year, the company posted ($0.29) EPS. The firm's revenue was up 20.3% on a year-over-year basis. On average, equities analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were issued a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.01%. Douglas Dynamics's dividend payout ratio (DPR) is 43.38%.

Insider Activity at Douglas Dynamics

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the business's stock in a transaction that occurred on 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 owned 40,136 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.04% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PLOW. Wall Street Zen upgraded Douglas Dynamics from a "buy" rating to a "strong-buy" rating in a research note on Friday. DA Davidson boosted their price target on Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday.

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.