Swiss National Bank boosted its position in Douglas Dynamics Inc (NYSE:PLOW) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,400 shares of the auto parts company’s stock after purchasing an additional 2,400 shares during the quarter. Swiss National Bank owned about 0.17% of Douglas Dynamics worth $1,708,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Gravity Companies Inc. acquired a new position in Douglas Dynamics in the 4th quarter valued at $268,000. We Are One Seven LLC acquired a new stake in shares of Douglas Dynamics in the 4th quarter worth $288,000. Teacher Retirement System of Texas acquired a new stake in shares of Douglas Dynamics in the 4th quarter worth $292,000. Trexquant Investment LP acquired a new stake in shares of Douglas Dynamics in the 1st quarter worth $341,000. Finally, West Branch Capital LLC acquired a new stake in shares of Douglas Dynamics in the 1st quarter worth $360,000. 89.77% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the company. Craig Hallum set a $50.00 target price on Douglas Dynamics and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Zacks Investment Research raised Douglas Dynamics from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Friday, May 11th. ValuEngine raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $44.00 target price on shares of Douglas Dynamics in a research note on Thursday, March 1st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $48.00.
Shares of PLOW opened at $47.80 on Wednesday. Douglas Dynamics Inc has a 52-week low of $30.15 and a 52-week high of $48.10. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 1.50 and a beta of 1.23. The company has a debt-to-equity ratio of 1.09, a current ratio of 3.83 and a quick ratio of 1.40.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings results on Monday, May 7th. The auto parts company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.09. The business had revenue of $84.00 million during the quarter, compared to analysts’ expectations of $75.90 million. Douglas Dynamics had a return on equity of 14.06% and a net margin of 11.66%. The company’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.14) EPS. sell-side analysts forecast that Douglas Dynamics Inc will post 2.09 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Tuesday, June 19th will be issued a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Monday, June 18th. Douglas Dynamics’s dividend payout ratio is presently 77.94%.
Douglas Dynamics Profile
Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily in North America. It operates in 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 and heavy duty trucks, as well as various related parts and accessories.
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