Cadence Capital Management LLC raised its holdings in Douglas Dynamics Inc (NYSE:PLOW) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 40,833 shares of the auto parts company’s stock after purchasing an additional 2,959 shares during the quarter. Cadence Capital Management LLC owned 0.18% of Douglas Dynamics worth $1,543,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of PLOW. Zions Bancorporation acquired a new stake in shares of Douglas Dynamics during the 3rd quarter valued at $100,000. Principal Financial Group Inc. acquired a new stake in shares of Douglas Dynamics during the 3rd quarter valued at $233,000. Sapphire Star Partners LP acquired a new stake in shares of Douglas Dynamics during the 3rd quarter valued at $242,000. Comerica Bank acquired a new stake in shares of Douglas Dynamics during the 3rd quarter valued at $263,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Douglas Dynamics during the 3rd quarter valued at $267,000. 90.73% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently weighed in on PLOW. BidaskClub raised Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a report on Friday, October 27th. Zacks Investment Research raised 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $38.00.
Shares of Douglas Dynamics Inc (NYSE:PLOW) traded down $0.40 during trading hours on Friday, reaching $37.60. The company had a trading volume of 72,003 shares, compared to its average volume of 86,310. The company has a market cap of $849.42, a price-to-earnings 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 quick ratio of 1.76 and a current ratio of 2.97. Douglas Dynamics Inc has a twelve month low of $28.55 and a twelve month high of $43.00.
In related news, CEO James L. Janik sold 25,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $37.47, for a total transaction of $936,750.00. Following the completion of the transaction, the chief executive officer now directly owns 297,790 shares of the company’s stock, valued at approximately $11,158,191.30. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO James L. Janik sold 21,080 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $37.27, for a total value of $785,651.60. Following the transaction, the chief executive officer now directly owns 297,790 shares of the company’s stock, valued at $11,098,633.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 76,673 shares of company stock valued at $2,910,522. 3.20% of the stock is owned by corporate insiders.
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About Douglas Dynamics
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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