Conestoga Capital Advisors LLC increased its stake in Douglas Dynamics Inc (NYSE:PLOW) by 25.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 712,865 shares of the auto parts company’s stock after acquiring an additional 145,465 shares during the quarter. Conestoga Capital Advisors LLC owned about 3.16% of Douglas Dynamics worth $26,946,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of PLOW. Zions Bancorporation acquired a new position in shares of Douglas Dynamics in the third quarter worth approximately $100,000. Principal Financial Group Inc. bought a new stake in shares of Douglas Dynamics during the third quarter valued at approximately $233,000. Sapphire Star Partners LP bought a new stake in shares of Douglas Dynamics during the third quarter valued at approximately $242,000. Comerica Bank bought a new stake in shares of Douglas Dynamics during the third quarter valued at approximately $263,000. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of Douglas Dynamics during the third quarter valued at approximately $267,000. 90.73% of the stock is currently owned by institutional investors.
Shares of Douglas Dynamics Inc (NYSE:PLOW) traded up $0.05 during trading on Wednesday, reaching $37.60. The company had a trading volume of 58,419 shares, compared to its average volume of 84,417. Douglas Dynamics Inc has a 1-year low of $28.55 and a 1-year high of $43.00. The company has a market capitalization of $849.42, a P/E ratio of 28.06, a P/E/G ratio of 1.46 and a beta of 1.27. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.97 and a quick ratio of 1.76.
In related news, CEO James L. Janik sold 21,080 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $37.27, for a total transaction of $785,651.60. Following the completion of the sale, the chief executive officer now owns 297,790 shares in the company, valued at $11,098,633.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James L. Janik sold 25,000 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $37.47, for a total value of $936,750.00. Following the completion of the transaction, the chief executive officer now directly owns 297,790 shares in the company, valued at approximately $11,158,191.30. The disclosure for this sale can be found here. Insiders have sold 76,673 shares of company stock valued at $2,910,522 in the last quarter. 3.20% of the stock is currently owned by corporate insiders.
Several equities research analysts have recently commented on PLOW shares. BidaskClub downgraded Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Zacks Investment Research upgraded Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, ValuEngine downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $38.00.
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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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