Douglas Dynamics, Inc. (NYSE:PLOW) Shares Bought by Invenomic Capital Management LP

Invenomic Capital Management LP increased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 43.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,662 shares of the auto parts company's stock after purchasing an additional 92,062 shares during the period. Invenomic Capital Management LP owned 1.32% of Douglas Dynamics worth $7,223,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of PLOW. R Squared Ltd acquired a new position in shares of Douglas Dynamics during the 4th quarter worth about $49,000. US Bancorp DE boosted its holdings in Douglas Dynamics by 15.6% in the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock valued at $72,000 after purchasing an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Douglas Dynamics in the fourth quarter valued at approximately $111,000. Aquatic Capital Management LLC increased its stake in Douglas Dynamics by 358.9% in the fourth quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock valued at $184,000 after purchasing an additional 6,102 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Douglas Dynamics during the fourth quarter worth approximately $219,000. Hedge funds and other institutional investors own 91.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PLOW shares. StockNews.com upgraded shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. DA Davidson reaffirmed a "buy" rating and set a $32.00 price objective on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Douglas Dynamics Stock Performance

PLOW stock traded down $0.18 on Wednesday, hitting $29.13. The company's stock had a trading volume of 398,002 shares, compared to its average volume of 191,209. The stock has a market cap of $676.08 million, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 1.14 and a beta of 1.25. The firm has a 50 day moving average of $24.14 and a two-hundred day moving average of $24.75. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a 1 year low of $21.30 and a 1 year high of $30.98.

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

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics's payout ratio is currently 43.38%.

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.