Douglas Dynamics Inc (PLOW) Shares Sold by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. cut its holdings in shares of Douglas Dynamics Inc (NYSE:PLOW) by 1.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 104,674 shares of the auto parts company’s stock after selling 1,505 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.46% of Douglas Dynamics worth $4,125,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new position in shares of Douglas Dynamics during the 3rd quarter worth $233,000. Sapphire Star Partners LP purchased a new position in shares of Douglas Dynamics during the 3rd quarter worth $242,000. Comerica Bank purchased a new position in shares of Douglas Dynamics during the 3rd quarter worth $263,000. First Merchants Corp purchased a new position in shares of Douglas Dynamics during the 3rd quarter worth $305,000. Finally, Yorktown Management & Research Co Inc purchased a new position in shares of Douglas Dynamics during the 3rd quarter worth $343,000. Institutional investors and hedge funds own 90.23% of the company’s stock.
In related news, CEO James L. Janik sold 21,080 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $37.27, for a total transaction of $785,651.60. Following the completion of the transaction, the chief executive officer now directly owns 297,790 shares in the company, valued at approximately $11,098,633.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert L. Mccormick sold 15,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $40.08, for a total value of $601,200.00. Following the transaction, the vice president now owns 116,263 shares of the company’s stock, valued at $4,659,821.04. The disclosure for this sale can be found here. Insiders have sold a total of 76,673 shares of company stock valued at $2,910,522 over the last 90 days. 3.20% of the stock is currently owned by company insiders.
A number of equities analysts have recently weighed in on the company. ValuEngine cut Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub cut Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Friday, November 10th. Finally, Zacks Investment Research upgraded Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Douglas Dynamics has a consensus rating of “Buy” and an average target price of $40.00.
Douglas Dynamics Inc (PLOW) opened at $41.15 on Friday. Douglas Dynamics Inc has a twelve month low of $28.55 and a twelve month high of $42.60. The company has a market capitalization of $929.62, a PE ratio of 30.48, a P/E/G ratio of 1.55 and a beta of 1.12. The company has a current ratio of 2.97, a quick ratio of 1.76 and a debt-to-equity ratio of 1.35.
Douglas Dynamics (NYSE:PLOW) last announced its earnings results on Monday, November 6th. The auto parts company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The firm had revenue of $125.30 million for the quarter, compared to analysts’ expectations of $133.53 million. During the same quarter last year, the business earned $0.32 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. equities analysts anticipate that Douglas Dynamics Inc will post 1.41 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date was Monday, December 18th. Douglas Dynamics’s dividend payout ratio (DPR) is 71.11%.
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Douglas Dynamics 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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