SG Americas Securities LLC reduced its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 10.2% during the first quarter, Holdings Channel reports. The institutional investor owned 22,322 shares of the auto parts company’s stock after selling 2,539 shares during the period. SG Americas Securities LLC’s holdings in Douglas Dynamics were worth $684,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Toronto Dominion Bank increased its position in Douglas Dynamics by 0.6% in the first quarter. Toronto Dominion Bank now owns 3,250 shares of the auto parts company’s stock valued at $100,000 after buying an additional 20 shares during the last quarter. Sapphire Star Partners LP acquired a new position in Douglas Dynamics during the first quarter valued at about $214,000. Karp Capital Management Corp acquired a new position in Douglas Dynamics during the first quarter valued at about $297,000. Bowling Portfolio Management LLC acquired a new position in Douglas Dynamics during the fourth quarter valued at about $381,000. Finally, Summit Global Investments acquired a new position in Douglas Dynamics during the fourth quarter valued at about $582,000. Hedge funds and other institutional investors own 85.66% of the company’s stock.

Institutional Ownership by Quarter for Douglas Dynamics (NYSE:PLOW)

Douglas Dynamics, Inc. (PLOW) opened at 30.80 on Tuesday. Douglas Dynamics, Inc. has a 52 week low of $23.19 and a 52 week high of $35.90. The company’s 50-day moving average is $30.43 and its 200-day moving average is $31.91. The company has a market cap of $695.77 million, a P/E ratio of 23.18 and a beta of 1.20.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, May 8th. The auto parts company reported ($0.14) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.08. Douglas Dynamics had a net margin of 6.83% and a return on equity of 15.78%. The firm had revenue of $72.20 million for the quarter, compared to the consensus estimate of $78.34 million. During the same quarter in the prior year, the company earned ($0.04) earnings per share. The company’s quarterly revenue was up 48.0% compared to the same quarter last year. On average, analysts anticipate that Douglas Dynamics, Inc. will post $1.40 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Tuesday, June 20th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, June 16th. This represents a $0.96 annualized dividend and a yield of 3.12%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 72.18%.

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Several equities analysts have recently issued reports on the stock. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Douglas Dynamics in a research note on Monday, May 8th. Zacks Investment Research downgraded shares of Douglas Dynamics from a “hold” rating to a “sell” rating in a research note on Friday, March 10th. Finally, Sidoti started coverage on shares of Douglas Dynamics in a research note on Monday, February 27th. They set a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $34.00.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.

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