Douglas Dynamics, Inc. (NYSE:PLOW) Director Sells $454,006.50 in Stock

Douglas Dynamics, Inc. (NYSE:PLOW) Director James L. Janik sold 15,650 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $29.01, for a total transaction of $454,006.50. Following the transaction, the director now owns 40,136 shares in the company, valued at approximately $1,164,345.36. This represents a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Douglas Dynamics Stock Down 0.9%

Shares of Douglas Dynamics stock traded down $0.27 on Monday, reaching $28.61. The stock had a trading volume of 145,409 shares, compared to its average volume of 192,622. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $664.01 million, a P/E ratio of 12.44, a P/E/G ratio of 1.14 and a beta of 1.25. The company has a 50 day moving average price of $24.31 and a 200 day moving average price of $24.84. Douglas Dynamics, Inc. has a 1 year low of $21.30 and a 1 year high of $30.98.

Douglas Dynamics (NYSE:PLOW) last announced its earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.25. The company 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%. Douglas Dynamics’s revenue was up 20.3% compared to the same quarter last year. During the same period last year, the firm earned ($0.29) earnings per share. As a group, equities research analysts forecast that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.18 annualized dividend and a yield of 4.12%. Douglas Dynamics’s dividend payout ratio (DPR) is 43.38%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PLOW. 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. StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th.

Institutional Investors Weigh In On Douglas Dynamics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLOW. R Squared Ltd acquired a new position in shares of Douglas Dynamics during the fourth quarter valued at about $49,000. Quarry LP purchased a new stake in Douglas Dynamics during the 1st quarter worth approximately $53,000. US Bancorp DE increased its stake 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 valued at $72,000 after purchasing an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Douglas Dynamics in the fourth quarter worth $111,000. Finally, CWM LLC lifted its stake in shares of Douglas Dynamics by 24.2% during the first quarter. CWM LLC now owns 5,400 shares of the auto parts company’s stock worth $125,000 after buying an additional 1,052 shares during the period. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

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.