Nuveen Asset Management LLC Purchases 61,759 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Nuveen Asset Management LLC lifted its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 80.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138,392 shares of the auto parts company's stock after buying an additional 61,759 shares during the quarter. Nuveen Asset Management LLC owned about 0.60% of Douglas Dynamics worth $3,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Needham Investment Management LLC grew its holdings in Douglas Dynamics by 366.7% in the fourth quarter. Needham Investment Management LLC now owns 70,000 shares of the auto parts company's stock worth $1,654,000 after purchasing an additional 55,000 shares during the period. Millennium Management LLC lifted its stake in shares of Douglas Dynamics by 27.3% in the fourth quarter. Millennium Management LLC now owns 43,823 shares of the auto parts company's stock worth $1,036,000 after buying an additional 9,411 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Douglas Dynamics by 4.8% in the fourth 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 in the last quarter. Invenomic Capital Management LP lifted its stake in shares of Douglas Dynamics by 43.1% in the fourth quarter. Invenomic Capital Management LP now owns 305,662 shares of the auto parts company's stock worth $7,223,000 after buying an additional 92,062 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new position in shares of Douglas Dynamics in the fourth quarter worth approximately $296,000. Hedge funds and other institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Performance

Douglas Dynamics stock traded down $0.05 during midday trading on Thursday, reaching $27.53. 111,823 shares of the company traded hands, compared to its average volume of 190,743. The firm has a market capitalization of $638.94 million, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 1.14 and a beta of 1.25. The business has a 50 day moving average of $25.32 and a two-hundred day moving average of $25.11. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $30.98. 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 (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 analysts' consensus estimates of ($0.16) by $0.25. The company had revenue of $115.07 million for 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 firm's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.29) earnings per share. As a group, research analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Insider Activity at Douglas Dynamics

In other Douglas Dynamics 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 value of $454,006.50. Following the transaction, the director now directly owns 40,136 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PLOW shares. DA Davidson reiterated 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 upgraded 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.