James L. Janik Sells 15,593 Shares of Douglas Dynamics Inc (PLOW) Stock

Douglas Dynamics Inc (NYSE:PLOW) Chairman James L. Janik sold 15,593 shares of Douglas Dynamics stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $37.64, for a total transaction of $586,920.52. Following the sale, the chairman now owns 261,892 shares in the company, valued at approximately $9,857,614.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Douglas Dynamics Inc (NYSE PLOW) opened at $38.05 on Friday. The company has a market cap of $859.59, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of 1.79 and a beta of 1.12. The company has a quick ratio of 1.76, a current ratio of 2.97 and a debt-to-equity ratio of 1.35. Douglas Dynamics Inc has a 1-year low of $28.55 and a 1-year high of $42.60.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data 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 return on equity of 13.98% and a net margin of 6.59%. The business had revenue of $125.30 million during the quarter, compared to analyst estimates of $133.53 million. During the same period in the prior year, the firm earned $0.32 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities analysts forecast that Douglas Dynamics Inc will post 1.41 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.52%. The ex-dividend date of this dividend is Monday, December 18th. Douglas Dynamics’s dividend payout ratio (DPR) is 71.64%.

Several institutional investors and hedge funds have recently made changes to their positions in PLOW. Schwab Charles Investment Management Inc. raised its stake in shares of Douglas Dynamics by 5.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 96,512 shares of the auto parts company’s stock valued at $2,959,000 after purchasing an additional 4,758 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Douglas Dynamics by 57.9% during the first quarter. Bank of America Corp DE now owns 18,810 shares of the auto parts company’s stock valued at $577,000 after purchasing an additional 6,900 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Douglas Dynamics by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 16,323 shares of the auto parts company’s stock valued at $500,000 after purchasing an additional 255 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Douglas Dynamics by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 353,863 shares of the auto parts company’s stock valued at $11,643,000 after purchasing an additional 15,566 shares in the last quarter. Finally, Teton Advisors Inc. bought a new stake in shares of Douglas Dynamics during the second quarter valued at about $352,000. 90.27% of the stock is owned by institutional investors.

A number of analysts recently issued reports on the stock. BidaskClub upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. ValuEngine lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered shares of Douglas Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.00.

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Douglas Dynamics Company 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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