Douglas Dynamics Inc (NYSE:PLOW) VP Robert J. Young bought 1,165 shares of the firm’s stock in a transaction on Thursday, December 6th. The stock was purchased at an average price of $35.00 per share, with a total value of $40,775.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
PLOW stock opened at $35.58 on Friday. The company has a quick ratio of 1.42, a current ratio of 2.47 and a debt-to-equity ratio of 1.00. The company has a market cap of $812.14 million, a P/E ratio of 19.97 and a beta of 0.99. Douglas Dynamics Inc has a 52 week low of $34.71 and a 52 week high of $49.50.
Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, November 5th. The auto parts company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). The company had revenue of $124.80 million for the quarter, compared to analyst estimates of $125.37 million. Douglas Dynamics had a return on equity of 15.64% and a net margin of 12.49%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.40 earnings per share. As a group, analysts anticipate that Douglas Dynamics Inc will post 2 earnings per share for the current year.
Several brokerages have commented on PLOW. Zacks Investment Research cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, August 11th. Craig Hallum set a $43.00 target price on shares of Douglas Dynamics and gave the stock a “buy” rating in a report on Wednesday, November 7th. Finally, ValuEngine cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th.
Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Douglas Dynamics by 2.1% during the third quarter. BlackRock Inc. now owns 1,568,256 shares of the auto parts company’s stock worth $68,846,000 after purchasing an additional 32,809 shares during the period. Conestoga Capital Advisors LLC boosted its holdings in shares of Douglas Dynamics by 71.9% during the third quarter. Conestoga Capital Advisors LLC now owns 1,274,489 shares of the auto parts company’s stock worth $55,950,000 after purchasing an additional 533,004 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Douglas Dynamics by 1.2% during the third quarter. Vanguard Group Inc. now owns 1,032,135 shares of the auto parts company’s stock worth $45,311,000 after purchasing an additional 12,400 shares during the period. FMR LLC boosted its holdings in shares of 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 period. Finally, RK Capital Management LLC boosted its holdings in shares of Douglas Dynamics by 3.9% during the third quarter. RK Capital Management LLC now owns 409,859 shares of the auto parts company’s stock worth $17,993,000 after purchasing an additional 15,500 shares during the period. Institutional investors and hedge funds own 89.35% of the company’s stock.
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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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