Douglas Dynamics, Inc. (NYSE:PLOW) is Gilman Hill Asset Management LLC’s 3rd Largest Position
Gilman Hill Asset Management LLC boosted its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 4.1% during the second quarter, Holdings Channel reports. The firm owned 174,956 shares of the auto parts company’s stock after buying an additional 6,962 shares during the period. Douglas Dynamics accounts for about 2.5% of Gilman Hill Asset Management LLC’s holdings, making the stock its 3rd largest position. Gilman Hill Asset Management LLC’s holdings in Douglas Dynamics were worth $5,756,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in PLOW. Toronto Dominion Bank raised 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 worth $100,000 after buying an additional 20 shares during the period. ClariVest Asset Management LLC raised its position in Douglas Dynamics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 6,060 shares of the auto parts company’s stock worth $185,000 after buying an additional 303 shares during the period. Citadel Advisors LLC purchased a new position in Douglas Dynamics during the first quarter worth approximately $204,000. Sapphire Star Partners LP purchased a new position in Douglas Dynamics during the first quarter worth approximately $214,000. Finally, Atria Investments LLC raised its position in Douglas Dynamics by 1.5% in the second quarter. Atria Investments LLC now owns 7,677 shares of the auto parts company’s stock worth $253,000 after buying an additional 112 shares during the period. Hedge funds and other institutional investors own 85.74% of the company’s stock.
Douglas Dynamics, Inc. (NYSE:PLOW) traded down 2.54% during trading on Wednesday, reaching $32.65. 20,037 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $31.42 and its 200 day moving average price is $31.66. Douglas Dynamics, Inc. has a 52-week low of $25.23 and a 52-week high of $35.90. The firm has a market cap of $737.56 million, a P/E ratio of 24.57 and a beta of 1.14.
Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, May 8th. The auto parts company reported ($0.14) EPS for the quarter, missing the 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 during the quarter, compared to the consensus estimate of $78.34 million. During the same period in the prior year, the business earned ($0.04) earnings per share. Douglas Dynamics’s quarterly revenue was up 48.0% compared to the same quarter last year. Equities research analysts anticipate that Douglas Dynamics, Inc. will post $1.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Tuesday, June 20th were issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.87%. The ex-dividend date was Friday, June 16th. Douglas Dynamics’s dividend payout ratio is currently 72.18%.
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A number of equities analysts have commented on PLOW shares. Oppenheimer Holdings, Inc. dropped coverage on shares of Douglas Dynamics in a research report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, BidaskClub lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.00.
About Douglas Dynamics
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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