WINTON GROUP Ltd cut its position in Douglas Dynamics Inc (NYSE:PLOW) by 10.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,837 shares of the auto parts company’s stock after selling 951 shares during the period. WINTON GROUP Ltd’s holdings in Douglas Dynamics were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of the company. American Research & Management Co. acquired a new position in Douglas Dynamics during the first quarter worth $38,000. Quantamental Technologies LLC acquired a new position in Douglas Dynamics during the first quarter worth $50,000. SG Americas Securities LLC acquired a new position in Douglas Dynamics during the first quarter worth $120,000. Legal & General Group Plc boosted its stake in Douglas Dynamics by 12.5% during the fourth quarter. Legal & General Group Plc now owns 4,205 shares of the auto parts company’s stock worth $151,000 after buying an additional 466 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Douglas Dynamics by 2,498.3% during the first quarter. BNP Paribas Arbitrage SA now owns 4,625 shares of the auto parts company’s stock worth $176,000 after buying an additional 4,447 shares during the last quarter. 89.55% of the stock is currently owned by hedge funds and other institutional investors.
NYSE PLOW traded down $1.29 on Friday, reaching $39.51. 47,232 shares of the company were exchanged, compared to its average volume of 52,799. The firm has a fifty day simple moving average of $39.68. The company has a market cap of $900.83 million, a PE ratio of 20.90 and a beta of 0.67. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.80 and a quick ratio of 0.95. Douglas Dynamics Inc has a fifty-two week low of $33.54 and a fifty-two week high of $48.05.
Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, May 6th. The auto parts company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.10. Douglas Dynamics had a return on equity of 16.34% and a net margin of 8.53%. The company had revenue of $93.20 million for the quarter, compared to the consensus estimate of $84.37 million. During the same quarter in the previous year, the business earned ($0.03) earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. Research analysts anticipate that Douglas Dynamics Inc will post 1.95 earnings per share for the current year.
A number of equities analysts have weighed in on the company. Zacks Investment Research raised Douglas Dynamics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 10th. TheStreet lowered Douglas Dynamics from a “b” rating to a “c+” rating in a research note on Monday, May 6th.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc operates as a manufacturer and upfitter 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.
See Also: Accumulation/Distribution
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