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

Wedge Capital Management L L P NC lessened its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 32.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund 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 SEC filing.

Several other large investors also recently modified their holdings of PLOW. US Bancorp DE lifted its stake in shares of Douglas Dynamics by 15.6% during 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. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 valued at $307,000 after purchasing an additional 591 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Douglas Dynamics by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company's stock worth $6,625,000 after acquiring an additional 750 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of Douglas Dynamics by 3.9% in the 1st quarter. Rhumbline Advisers now owns 34,313 shares of the auto parts company's stock worth $797,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Versor Investments LP grew its position in Douglas Dynamics by 15.5% during the fourth quarter. Versor Investments LP now owns 22,400 shares of the auto parts company's stock valued at $529,000 after acquiring an additional 3,000 shares during the last quarter. Hedge funds and other 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 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 transaction of $454,006.50. Following the completion of the transaction, the director now owns 40,136 shares in the company, valued at $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 available at the SEC website. Corporate insiders own 2.50% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. DA Davidson reissued 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 raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th.

Douglas Dynamics Stock Down 1.7%

PLOW stock traded down $0.50 on Friday, reaching $28.66. 186,545 shares of the company traded hands, compared to its average volume of 189,449. The firm has a fifty day simple moving average of $26.02 and a 200-day simple moving average of $25.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The company has a market cap of $665.17 million, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.29. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $30.98.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.25. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. 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 company's quarterly revenue was up 20.3% on a year-over-year basis. Research analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Tuesday, June 17th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.12%. Douglas Dynamics's dividend payout ratio (DPR) is presently 43.38%.

About Douglas Dynamics

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.