Northern Trust Corp Buys 19,768 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Northern Trust Corp grew its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 9.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 225,645 shares of the auto parts company's stock after buying an additional 19,768 shares during the period. Northern Trust Corp owned approximately 0.98% of Douglas Dynamics worth $5,332,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Ranger Investment Management L.P. acquired a new stake in Douglas Dynamics in the fourth quarter worth $4,173,000. Franklin Resources Inc. bought a new position in shares of Douglas Dynamics during the 4th quarter worth about $3,523,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Douglas Dynamics by 18.8% in the 4th 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 buying an additional 143,853 shares during the period. Drystone LLC bought a new stake in Douglas Dynamics in the 4th quarter valued at about $2,531,000. Finally, Monimus Capital Management LP bought a new stake in Douglas Dynamics in the 4th quarter valued at about $2,400,000. Institutional investors own 91.85% of the company's stock.

Analyst Ratings Changes

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

Insider Activity

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the business'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 transaction, the director now owns 40,136 shares of the company's stock, valued at approximately $1,164,345.36. The trade was 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 accessible through this link. 2.50% of the stock is currently owned by corporate insiders.

Douglas Dynamics Stock Down 0.8%

Shares of NYSE:PLOW traded down $0.21 during midday trading on Monday, hitting $26.95. 134,993 shares of the company's stock were exchanged, compared to its average volume of 192,067. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $30.98. The company has a market cap of $625.44 million, a PE ratio of 11.72, a price-to-earnings-growth ratio of 1.14 and a beta of 1.25. The stock has a 50 day moving average price of $24.71 and a 200-day moving average price of $24.98.

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 analysts' consensus estimates of ($0.16) by $0.25. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. The firm had revenue of $115.07 million during the quarter, compared to analyst estimates of $107.80 million. During the same period in the previous year, the company posted ($0.29) EPS. The company's revenue for the quarter was up 20.3% on a year-over-year basis. On average, sell-side analysts anticipate that Douglas Dynamics, Inc. will post 1.3 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were paid a $0.295 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $1.18 annualized dividend and a dividend yield of 4.38%. Douglas Dynamics's payout ratio is 43.38%.

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.