Douglas Dynamics Inc (NYSE:PLOW) Chairman James L. Janik sold 18,085 shares of Douglas Dynamics stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $43.49, for a total transaction of $786,516.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Douglas Dynamics Inc (PLOW) opened at $46.30 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.76 and a current ratio of 2.45. Douglas Dynamics Inc has a 12 month low of $28.55 and a 12 month high of $46.40. The company has a market cap of $1,029.02, a P/E ratio of 32.54, a price-to-earnings-growth ratio of 1.52 and a beta of 1.15.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. Douglas Dynamics had a net margin of 11.66% and a return on equity of 14.04%. The business had revenue of $137.97 million during the quarter, compared to analysts’ expectations of $135.33 million. equities research analysts predict that Douglas Dynamics Inc will post 2 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in PLOW. Lazard Asset Management LLC lifted its stake in shares of Douglas Dynamics by 10.0% in the 4th quarter. Lazard Asset Management LLC now owns 536,913 shares of the auto parts company’s stock valued at $20,295,000 after purchasing an additional 48,710 shares during the period. DF Dent & Co. Inc. lifted its stake in shares of Douglas Dynamics by 12.6% in the 3rd quarter. DF Dent & Co. Inc. now owns 63,511 shares of the auto parts company’s stock valued at $2,502,000 after purchasing an additional 7,119 shares during the period. Financial Gravity Companies Inc. acquired a new position in shares of Douglas Dynamics in the 4th quarter valued at $268,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Douglas Dynamics by 16.8% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 21,171 shares of the auto parts company’s stock valued at $834,000 after purchasing an additional 3,038 shares during the period. Finally, Comerica Bank acquired a new position in shares of Douglas Dynamics in the 3rd quarter valued at $263,000. Institutional investors and hedge funds own 90.81% of the company’s stock.
PLOW has been the subject of a number of recent analyst reports. Craig Hallum set a $50.00 target price on shares of Douglas Dynamics and gave the stock a “buy” rating in a research note on Wednesday, February 28th. BidaskClub cut shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. ValuEngine upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research note on Saturday, March 3rd. Finally, Robert W. Baird restated a “hold” rating and set a $44.00 price objective on shares of Douglas Dynamics in a research note on Thursday, March 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Douglas Dynamics presently has a consensus rating of “Buy” and an average target price of $47.67.
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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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