Northern Trust Corp Has $5.33 Million Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

Northern Trust Corp raised its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 9.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 225,645 shares of the auto parts company's stock after acquiring an additional 19,768 shares during the quarter. Northern Trust Corp owned approximately 0.98% of Douglas Dynamics worth $5,332,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Douglas Dynamics in the fourth quarter valued at $49,000. US Bancorp DE grew its stake in shares of Douglas Dynamics by 15.6% in the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock valued at $72,000 after buying an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Douglas Dynamics in the fourth quarter valued at $111,000. Aquatic Capital Management LLC grew its stake in shares of Douglas Dynamics by 358.9% in 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 in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Douglas Dynamics in the fourth quarter valued at $219,000. 91.85% of the stock is owned by institutional investors.

Insider Transactions at Douglas Dynamics

In other news, Director James L. Janik sold 15,650 shares of Douglas Dynamics stock in a transaction 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 completion of the sale, the director now owns 40,136 shares of the company's stock, valued at approximately $1,164,345.36. This trade represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.04% of the company's stock.

Douglas Dynamics Stock Performance

Shares of PLOW traded down $0.21 during trading hours on Friday, hitting $26.95. The company had a trading volume of 134,993 shares, compared to its average volume of 191,969. The firm has a market cap of $625.44 million, a price-to-earnings ratio of 11.72, a PEG ratio of 1.14 and a beta of 1.25. The business has a fifty day moving average of $24.66 and a 200-day moving average of $24.98. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $30.98. 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 (NYSE:PLOW - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The auto parts company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.25. The company had revenue of $115.07 million for the quarter, compared to analyst estimates 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 period in the prior year, the firm earned ($0.29) earnings per share. Equities 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 issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date of this dividend was Tuesday, March 18th. Douglas Dynamics's dividend payout ratio is currently 43.38%.

Analysts Set New Price Targets

Several research firms recently weighed in on PLOW. DA Davidson reissued 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 research note on Wednesday, February 26th.

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.