Douglas Dynamics, Inc. (NYSE:PLOW) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP lessened its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 21.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 154,340 shares of the auto parts company's stock after selling 43,284 shares during the quarter. Two Sigma Investments LP owned approximately 0.67% of Douglas Dynamics worth $3,647,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. increased its position in Douglas Dynamics by 290.6% during the 4th 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 period. Bank of New York Mellon Corp increased its position in Douglas Dynamics by 19.7% during the 4th quarter. Bank of New York Mellon Corp now owns 296,867 shares of the auto parts company's stock valued at $7,015,000 after purchasing an additional 48,936 shares during the period. Cornercap Investment Counsel Inc. acquired a new stake in Douglas Dynamics during the 4th quarter valued at approximately $412,000. Allspring Global Investments Holdings LLC increased its position in Douglas Dynamics by 0.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company's stock valued at $57,819,000 after purchasing an additional 20,233 shares during the period. Finally, Pzena Investment Management LLC increased its position in Douglas Dynamics by 3.3% during the 4th quarter. Pzena Investment Management LLC now owns 1,679,041 shares of the auto parts company's stock valued at $39,676,000 after purchasing an additional 54,221 shares during the period. Institutional investors and hedge funds own 91.85% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. DA Davidson reaffirmed a "buy" rating and set a $32.00 price objective on shares of Douglas Dynamics in a research report on Tuesday, February 25th. Wall Street Zen raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th.

Insider Buying and Selling at Douglas Dynamics

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the firm's stock in a transaction dated 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 directly 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company's stock.

Douglas Dynamics Stock Down 0.8%

NYSE PLOW traded down $0.23 during mid-day trading on Friday, hitting $27.51. The company's stock had a trading volume of 170,833 shares, compared to its average volume of 191,579. 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 company's 50 day simple moving average is $25.00 and its 200 day simple moving average is $25.04. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $30.98. The firm has a market capitalization of $638.48 million, a price-to-earnings ratio of 11.96, a PEG ratio of 1.14 and a beta of 1.25.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its earnings results 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. The company had revenue of $115.07 million for the quarter, compared to analysts' expectations of $107.80 million. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. The business's revenue for the quarter was up 20.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.29) EPS. Analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

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.