Douglas Dynamics Inc. (PLOW) Stake Maintained by Swiss National Bank
Swiss National Bank continued to hold its position in shares of Douglas Dynamics Inc. (NYSE:PLOW) during the second quarter, Holdings Channel reports. The institutional investor owned 42,100 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned approximately 0.19% of Douglas Dynamics worth $1,083,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealthsource Partners LLC acquired a new position in shares of Douglas Dynamics during the first quarter worth about $234,000. Aperio Group LLC acquired a new position in shares of Douglas Dynamics during the first quarter worth about $267,000. Metropolitan Life Insurance Co. NY increased its position in shares of Douglas Dynamics by 4.3% in the first quarter. Metropolitan Life Insurance Co. NY now owns 15,137 shares of the company’s stock worth $347,000 after buying an additional 630 shares in the last quarter. Ngam Advisors L.P. increased its position in shares of Douglas Dynamics by 11.3% in the first quarter. Ngam Advisors L.P. now owns 16,525 shares of the company’s stock worth $379,000 after buying an additional 1,683 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Douglas Dynamics by 4.3% in the first quarter. Royal Bank of Canada now owns 17,700 shares of the company’s stock worth $406,000 after buying an additional 728 shares in the last quarter. 85.68% of the stock is currently owned by institutional investors.
Douglas Dynamics Inc. (NYSE:PLOW) traded down 0.56% on Monday, reaching $31.76. The company had a trading volume of 60,182 shares. The company’s 50 day moving average is $31.86 and its 200-day moving average is $25.90. The firm has a market capitalization of $714.63 million, a price-to-earnings ratio of 13.88 and a beta of 1.22. Douglas Dynamics Inc. has a one year low of $16.89 and a one year high of $32.80.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.26. Douglas Dynamics had a return on equity of 22.47% and a net margin of 12.84%. The firm had revenue of $113.80 million for the quarter, compared to analysts’ expectations of $96.87 million. During the same period last year, the firm earned $0.57 earnings per share. The company’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, equities research analysts expect that Douglas Dynamics Inc. will post $1.63 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Tuesday, September 20th were paid a $0.235 dividend. The ex-dividend date was Friday, September 16th. This represents a $0.94 annualized dividend and a dividend yield of 2.96%. Douglas Dynamics’s payout ratio is presently 41.23%.
A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, June 22nd. Seaport Global Securities downgraded Douglas Dynamics from a “buy” rating to a “neutral” rating and set a $24.00 price objective on the stock. in a research note on Wednesday, July 6th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Douglas Dynamics has an average rating of “Buy” and an average price target of $28.33.
About Douglas Dynamics
Douglas Dynamics, Inc is a manufacturer of vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, SNOWEX and WESTERN brands; turf care equipment under the TURFEX brand, and industrial maintenance equipment under the SWEEPEX brand.
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