Douglas Dynamics Inc (NYSE:PLOW) SVP Keith Hagelin bought 3,400 shares of the company’s stock in a transaction dated Saturday, March 17th. The stock was bought at an average cost of $29.35 per share, with a total value of $99,790.00. Following the completion of the transaction, the senior vice president now owns 82,090 shares in the company, valued at approximately $2,409,341.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of Douglas Dynamics Inc (PLOW) traded down $0.50 during midday trading on Friday, reaching $40.25. 44,100 shares of the company were exchanged, compared to its average volume of 78,458. Douglas Dynamics Inc has a one year low of $28.55 and a one year high of $42.60. The stock has a market cap of $931.87, a PE ratio of 29.81, a P/E/G ratio of 1.58 and a beta of 1.12. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.76 and a current ratio of 2.97.
Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings results on Monday, November 6th. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The business had revenue of $125.30 million for the quarter, compared to analysts’ expectations of $133.53 million. During the same period last year, the business earned $0.32 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. research analysts anticipate that Douglas Dynamics Inc will post 1.41 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were given a dividend of $0.24 per share. The ex-dividend date was Monday, December 18th. This represents a $0.96 dividend on an annualized basis and a yield of 2.39%. Douglas Dynamics’s dividend payout ratio (DPR) is currently 71.11%.
A number of research analysts recently issued reports on PLOW shares. BidaskClub raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, ValuEngine cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $40.00.
Institutional investors have recently modified their holdings of the business. Zions Bancorporation purchased a new position in Douglas Dynamics in the third quarter worth about $100,000. Principal Financial Group Inc. purchased a new position in Douglas Dynamics in the third quarter worth about $233,000. Sapphire Star Partners LP purchased a new position in Douglas Dynamics in the third quarter worth about $242,000. Comerica Bank purchased a new position in Douglas Dynamics in the third quarter worth about $263,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Douglas Dynamics in the third quarter worth about $267,000. 90.23% of the stock is owned by institutional investors and hedge funds.
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Douglas Dynamics Company Profile
Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.
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