Wedge Capital Management L L P NC Sells 39,362 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Wedge Capital Management L L P NC decreased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 32.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,975 shares of the auto parts company's stock after selling 39,362 shares during the period. Wedge Capital Management L L P NC owned about 0.35% of Douglas Dynamics worth $1,904,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in PLOW. US Bancorp DE increased its holdings in Douglas Dynamics by 15.6% during the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock worth $72,000 after purchasing an additional 413 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Douglas Dynamics by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the auto parts company's stock valued at $307,000 after purchasing an additional 591 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Douglas Dynamics by 0.3% in the fourth quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company's stock worth $6,625,000 after buying an additional 750 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Douglas Dynamics by 3.9% during the 1st quarter. Rhumbline Advisers now owns 34,313 shares of the auto parts company's stock valued at $797,000 after buying an additional 1,286 shares in the last quarter. Finally, Versor Investments LP boosted its stake in shares of Douglas Dynamics by 15.5% in the 4th quarter. Versor Investments LP now owns 22,400 shares of the auto parts company's stock valued at $529,000 after purchasing an additional 3,000 shares in the last quarter. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Price Performance

Shares of NYSE:PLOW traded up $0.14 during trading on Thursday, reaching $28.87. The stock had a trading volume of 40,282 shares, compared to its average volume of 189,286. Douglas Dynamics, Inc. has a 1-year low of $21.30 and a 1-year high of $30.98. The business has a fifty day moving average price of $25.75 and a 200-day moving average price of $25.21. The stock has a market cap of $670.04 million, a PE ratio of 12.55, a PEG ratio of 1.14 and a beta of 1.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings results 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. The firm had revenue of $115.07 million for the quarter, compared to the consensus estimate of $107.80 million. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. The firm's quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.29) EPS. On average, equities analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th will be given a dividend of $0.295 per share. The ex-dividend date is Tuesday, June 17th. This represents a $1.18 dividend on an annualized basis and a yield of 4.09%. Douglas Dynamics's dividend payout ratio (DPR) is 43.38%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. DA Davidson restated a "buy" rating and set a $32.00 target price on shares of Douglas Dynamics in a report 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.

Insider Buying and Selling at Douglas Dynamics

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the business's 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 transaction, the director now owns 40,136 shares in the company, valued at approximately $1,164,345.36. The trade was a 28.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.50% of the stock is currently owned by corporate insiders.

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.