We Are One Seven LLC acquired a new stake in shares of Douglas Dynamics Inc (NYSE:PLOW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,949 shares of the auto parts company’s stock, valued at approximately $305,000.
Other large investors have also bought and sold shares of the company. Citadel Advisors LLC boosted its stake in Douglas Dynamics by 308.4% during the second quarter. Citadel Advisors LLC now owns 35,147 shares of the auto parts company’s stock valued at $1,687,000 after buying an additional 26,540 shares during the period. BlueMountain Capital Management LLC lifted its stake in Douglas Dynamics by 107.8% during the second quarter. BlueMountain Capital Management LLC now owns 34,701 shares of the auto parts company’s stock worth $1,666,000 after purchasing an additional 18,003 shares during the last quarter. Capital Fund Management S.A. bought a new stake in Douglas Dynamics during the second quarter worth about $643,000. FMR LLC lifted its stake in Douglas Dynamics by 1.1% during the second quarter. FMR LLC now owns 757,561 shares of the auto parts company’s stock worth $36,363,000 after purchasing an additional 8,029 shares during the last quarter. Finally, Zacks Investment Management bought a new stake in Douglas Dynamics during the second quarter worth about $307,000. 98.67% of the stock is owned by institutional investors.
Separately, Zacks Investment Research lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $47.67.
Shares of PLOW stock opened at $42.00 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.77 and a quick ratio of 1.98. Douglas Dynamics Inc has a 12-month low of $36.20 and a 12-month high of $49.50. The stock has a market cap of $991.74 million, a price-to-earnings ratio of 30.46 and a beta of 1.09.
Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings results on Monday, August 6th. The auto parts company reported $1.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.24. Douglas Dynamics had a return on equity of 16.07% and a net margin of 12.36%. The firm had revenue of $163.40 million during the quarter, compared to analyst estimates of $148.28 million. During the same quarter in the previous year, the company posted $0.64 earnings per share. The company’s revenue was up 17.2% compared to the same quarter last year. Equities research analysts anticipate that Douglas Dynamics Inc will post 2.08 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Tuesday, September 18th were paid a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a yield of 2.52%. The ex-dividend date was Monday, September 17th. Douglas Dynamics’s dividend payout ratio (DPR) is currently 77.94%.
In other news, Chairman James L. Janik sold 25,000 shares of Douglas Dynamics stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $44.89, for a total value of $1,122,250.00. Following the transaction, the chairman now owns 239,030 shares in the company, valued at $10,730,056.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Jonathon P. Sievert sold 1,200 shares of Douglas Dynamics stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $43.30, for a total value of $51,960.00. Following the completion of the transaction, the insider now owns 9,884 shares in the company, valued at approximately $427,977.20. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.
About Douglas Dynamics
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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