Douglas Dynamics, Inc. (PLOW) Hits New 52-Week High at $40.80
Douglas Dynamics, Inc. (NYSE:PLOW) hit a new 52-week high on Tuesday . The stock traded as high as $40.80 and last traded at $40.90, with a volume of 52,839 shares trading hands. The stock had previously closed at $40.10.
A number of research firms recently commented on PLOW. Oppenheimer Holdings, Inc. dropped coverage on shares of Douglas Dynamics in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a 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. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Douglas Dynamics presently has an average rating of “Buy” and an average target price of $40.00.
The firm has a market cap of $925.63 million, a PE ratio of 32.520 and a beta of 1.12. The firm has a 50 day moving average of $36.06 and a 200 day moving average of $32.35.
Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings results on Monday, August 7th. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.11. The business 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%. The business’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 earnings per share. Analysts anticipate that Douglas Dynamics, Inc. will post $1.50 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date was Monday, September 18th. Douglas Dynamics’s dividend payout ratio (DPR) is currently 76.19%.
In related news, CFO Sarah C. Lauber purchased 1,250 shares of Douglas Dynamics stock in a transaction on Thursday, September 14th. The shares were bought at an average price of $36.04 per share, with a total value of $45,050.00. Following the transaction, the chief financial officer now directly owns 1,250 shares of the company’s stock, valued at $45,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman James L. Janik sold 20,000 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $35.03, for a total value of $700,600.00. Following the completion of the sale, the chairman now directly owns 322,790 shares in the company, valued at approximately $11,307,333.70. The disclosure for this sale can be found here. 3.20% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in PLOW. Eqis Capital Management Inc. grew its position in shares of Douglas Dynamics by 10.8% during the third quarter. Eqis Capital Management Inc. now owns 63,824 shares of the auto parts company’s stock worth $2,515,000 after buying an additional 6,218 shares in the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Douglas Dynamics by 336.5% during the second quarter. Westwood Holdings Group Inc. now owns 630,684 shares of the auto parts company’s stock worth $20,749,000 after buying an additional 486,195 shares during the period. DF Dent & Co. Inc. increased its stake in shares of Douglas Dynamics by 1.4% during the second quarter. DF Dent & Co. Inc. now owns 56,392 shares of the auto parts company’s stock worth $1,855,000 after buying an additional 788 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Douglas Dynamics by 2.8% during the second quarter. The Manufacturers Life Insurance Company now owns 17,735 shares of the auto parts company’s stock worth $584,000 after buying an additional 485 shares during the period. Finally, State Street Corp increased its stake in shares of Douglas Dynamics by 1.8% during the second quarter. State Street Corp now owns 435,955 shares of the auto parts company’s stock worth $14,344,000 after buying an additional 7,771 shares during the period. Institutional investors and hedge funds own 89.31% of the company’s stock.
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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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