Janney Montgomery Scott LLC Sells 1,126 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)
Janney Montgomery Scott LLC cut its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 3.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,019 shares of the auto parts company’s stock after selling 1,126 shares during the period. Janney Montgomery Scott LLC’s holdings in Douglas Dynamics were worth $988,000 as of its most recent filing with the SEC.
Several other institutional investors also recently made changes to their positions in PLOW. Toronto Dominion Bank boosted 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 period. ClariVest Asset Management LLC boosted 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 period. Citadel Advisors LLC bought a new position in shares of Douglas Dynamics during the first quarter worth approximately $204,000. Sapphire Star Partners LP bought a new position in shares of Douglas Dynamics during the first quarter worth approximately $214,000. Finally, Atria Investments LLC boosted its position in shares of 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 85.44% of the company’s stock.
Shares of Douglas Dynamics, Inc. (PLOW) opened at 33.80 on Friday. The company’s 50 day moving average price is $32.02 and its 200-day moving average price is $31.63. Douglas Dynamics, Inc. has a 52 week low of $25.23 and a 52 week high of $35.90. The company has a market capitalization of $763.54 million, a price-to-earnings ratio of 26.83 and a beta of 1.14.
Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings data on Monday, August 7th. The auto parts company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.11. The company had revenue of $139.40 million during the quarter, compared to analyst estimates of $132.33 million. Douglas Dynamics had a return on equity of 14.96% and a net margin of 6.16%. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. Analysts anticipate that Douglas Dynamics, Inc. will post $1.50 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub cut Douglas Dynamics from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Douglas Dynamics in a report on Monday, May 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. Douglas Dynamics has an average rating of “Hold” and an average target price 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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