Douglas Dynamics, Inc. (PLOW) Position Boosted by Geode Capital Management LLC
Geode Capital Management LLC increased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 6.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,479 shares of the auto parts company’s stock after buying an additional 10,074 shares during the period. Geode Capital Management LLC’s holdings in Douglas Dynamics were worth $5,378,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of PLOW. Toronto Dominion Bank raised its position in shares of 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 last quarter. ClariVest Asset Management LLC raised its position in shares of 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 last quarter. Sapphire Star Partners LP bought a new position in shares of Douglas Dynamics during the first quarter worth about $214,000. Blair William & Co. IL bought a new position in shares of Douglas Dynamics during the first quarter worth about $275,000. Finally, Vident Investment Advisory LLC bought a new position in shares of Douglas Dynamics during the first quarter worth about $278,000. Institutional investors and hedge funds own 85.44% of the company’s stock.
Shares of Douglas Dynamics, Inc. (NYSE:PLOW) traded down 0.59% on Friday, reaching $33.80. 155,254 shares of the company’s stock were exchanged. The firm has a market capitalization of $763.54 million, a P/E ratio of 26.83 and a beta of 1.14. Douglas Dynamics, Inc. has a one year low of $25.23 and a one year high of $35.90. The firm has a 50 day moving average of $32.02 and a 200 day moving average of $31.63.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, August 7th. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.11. The company had revenue of $139.40 million for the quarter, compared to analysts’ expectations of $132.33 million. Douglas Dynamics had a net margin of 6.16% and a return on equity of 14.96%. Douglas Dynamics’s revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.71 EPS. On average, equities research analysts predict that Douglas Dynamics, Inc. will post $1.50 EPS for the current year.
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A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Saturday. BidaskClub lowered shares of Douglas Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Douglas Dynamics in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.00.
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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