54,570 Shares in Douglas Dynamics, Inc. (NYSE:PLOW) Bought by Sovereign s Capital Management LLC

Sovereign s Capital Management LLC acquired a new stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 54,570 shares of the auto parts company's stock, valued at approximately $1,289,000. Sovereign s Capital Management LLC owned 0.24% of Douglas Dynamics as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Douglas Dynamics in the 4th quarter valued at approximately $49,000. US Bancorp DE raised its position in shares of Douglas Dynamics by 15.6% in the 4th 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 acquired a new position in shares of Douglas Dynamics in the 4th quarter valued at approximately $111,000. State of Wyoming acquired a new position in shares of Douglas Dynamics in the 4th quarter valued at approximately $153,000. Finally, Aquatic Capital Management LLC raised its position in shares of Douglas Dynamics by 358.9% in the 4th 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. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Trading Down 1.8%

PLOW traded down $0.49 during trading on Thursday, reaching $27.21. 152,046 shares of the company's stock were exchanged, compared to its average volume of 192,352. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $30.98. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $631.47 million, a PE ratio of 11.83, a price-to-earnings-growth ratio of 1.14 and a beta of 1.25. The firm has a fifty day moving average price of $24.55 and a two-hundred day moving average price of $24.93.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of ($0.16) by $0.25. Douglas Dynamics had a net margin of 9.89% and a return on equity of 12.68%. The firm had revenue of $115.07 million for the quarter, compared to analyst estimates of $107.80 million. During the same period in the previous year, the firm posted ($0.29) EPS. The company's revenue for the quarter was up 20.3% compared to the same quarter last year. As a group, equities research analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 yield of 4.34%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics's payout ratio is 43.38%.

Insider Activity

In other news, Director James L. Janik sold 15,650 shares of the company's 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 sale, the director now directly owns 40,136 shares of the company's stock, valued at approximately $1,164,345.36. This represents a 28.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.04% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. DA Davidson restated a "buy" rating and issued a $32.00 target price on shares of Douglas Dynamics in a research report on Tuesday, February 25th. Wall Street Zen upgraded shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a research report 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.