Douglas Dynamics, Inc. (NYSE:PLOW) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC reduced its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 22.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 455,611 shares of the auto parts company’s stock after selling 131,675 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 1.97% of Douglas Dynamics worth $10,766,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in PLOW. Point72 Asset Management L.P. grew its position in Douglas Dynamics by 50.5% during the fourth quarter. Point72 Asset Management L.P. now owns 10,680 shares of the auto parts company’s stock valued at $252,000 after acquiring an additional 3,585 shares during the period. ProShare Advisors LLC grew its position in Douglas Dynamics by 16.2% during the fourth quarter. ProShare Advisors LLC now owns 308,767 shares of the auto parts company’s stock valued at $7,296,000 after acquiring an additional 43,144 shares during the period. Nuveen Asset Management LLC grew its position in Douglas Dynamics by 80.6% during the fourth quarter. Nuveen Asset Management LLC now owns 138,392 shares of the auto parts company’s stock valued at $3,270,000 after acquiring an additional 61,759 shares during the period. Needham Investment Management LLC grew its position in Douglas Dynamics by 366.7% during the fourth quarter. Needham Investment Management LLC now owns 70,000 shares of the auto parts company’s stock valued at $1,654,000 after acquiring an additional 55,000 shares during the period. Finally, Millennium Management LLC grew its position in Douglas Dynamics by 27.3% during the fourth quarter. Millennium Management LLC now owns 43,823 shares of the auto parts company’s stock valued at $1,036,000 after acquiring an additional 9,411 shares during the period. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Douglas Dynamics Price Performance

Shares of NYSE PLOW opened at $28.89 on Friday. Douglas Dynamics, Inc. has a 1-year low of $21.30 and a 1-year high of $30.98. The business has a 50-day moving average of $24.31 and a 200-day moving average of $24.83. 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 capitalization of $670.51 million, a price-to-earnings ratio of 12.56, a PEG ratio of 1.14 and a beta of 1.25.

Douglas Dynamics (NYSE:PLOW) last issued 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. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. The company had revenue of $115.07 million during the quarter, compared to the consensus estimate of $107.80 million. During the same quarter in the prior year, the business earned ($0.29) earnings per share. The company’s revenue was up 20.3% compared to the same quarter last year. On average, equities analysts anticipate that Douglas Dynamics, Inc. will post 1.3 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Tuesday, March 18th. Douglas Dynamics’s payout ratio is 43.38%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PLOW shares. DA Davidson reissued a “buy” rating and set a $32.00 price target on shares of Douglas Dynamics in a research report on Tuesday, February 25th. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th.

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.