Pzena Investment Management LLC Has $52.80 Million Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Pzena Investment Management LLC boosted its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 35.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,273,003 shares of the auto parts company's stock after purchasing an additional 593,962 shares during the quarter. Pzena Investment Management LLC owned 9.84% of Douglas Dynamics worth $52,802,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in shares of Douglas Dynamics by 290.6% in the fourth quarter. Victory Capital Management Inc. now owns 29,300 shares of the auto parts company's stock valued at $692,000 after purchasing an additional 21,799 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Douglas Dynamics in the fourth quarter valued at about $255,000. Teacher Retirement System of Texas grew its stake in shares of Douglas Dynamics by 183.5% in the fourth quarter. Teacher Retirement System of Texas now owns 76,557 shares of the auto parts company's stock valued at $1,809,000 after acquiring an additional 49,557 shares in the last quarter. Quantbot Technologies LP acquired a new stake in Douglas Dynamics during the fourth quarter worth about $219,000. Finally, American Century Companies Inc. grew its stake in Douglas Dynamics by 31.2% during the fourth quarter. American Century Companies Inc. now owns 46,958 shares of the auto parts company's stock worth $1,110,000 after buying an additional 11,170 shares in the last quarter. Institutional investors own 91.85% of the company's stock.

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 shares were sold at an average price of $29.01, for a total value of $454,006.50. Following the completion of the sale, the director owned 40,136 shares in the company, valued at $1,164,345.36. The trade was a 28.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.50% of the company's stock.

Douglas Dynamics Trading Down 1.0%

Shares of Douglas Dynamics stock opened at $28.97 on Thursday. The company has a market capitalization of $672.28 million, a price-to-earnings ratio of 10.65, a PEG ratio of 1.10 and a beta of 1.30. The company has a quick ratio of 0.70, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. Douglas Dynamics, Inc. has a 12-month low of $21.30 and a 12-month high of $31.98. The firm's 50-day moving average price is $28.81 and its two-hundred day moving average price is $26.01.

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

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.18 annualized dividend and a yield of 4.07%. Douglas Dynamics's payout ratio is 43.38%.

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.

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