Douglas Dynamics Inc. (PLOW) VP Purchases $45,390.00 in Stock
Douglas Dynamics Inc. (NYSE:PLOW) VP Robert J. Young bought 1,700 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was purchased at an average price of $26.70 per share, for a total transaction of $45,390.00. Following the acquisition, the vice president now directly owns 22,332 shares in the company, valued at $596,264.40. The purchase was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Douglas Dynamics Inc. (NYSE:PLOW) opened at 28.60 on Thursday. The firm has a market capitalization of $643.53 million, a price-to-earnings ratio of 14.83 and a beta of 1.14. Douglas Dynamics Inc. has a 12 month low of $16.89 and a 12 month high of $33.75. The stock’s 50 day moving average is $30.96 and its 200 day moving average is $27.53.
Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.09. Douglas Dynamics had a return on equity of 19.72% and a net margin of 10.73%. The firm had revenue of $123.60 million for the quarter, compared to the consensus estimate of $131.90 million. During the same period last year, the company posted $0.68 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that Douglas Dynamics Inc. will post $1.34 earnings per share for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Emerald Acquisition Ltd. purchased a new stake in Douglas Dynamics during the second quarter valued at about $766,000. Navellier & Associates Inc raised its stake in Douglas Dynamics by 52.2% in the second quarter. Navellier & Associates Inc now owns 65,061 shares of the company’s stock valued at $1,674,000 after buying an additional 22,309 shares during the period. Anchor Capital Advisors LLC raised its stake in Douglas Dynamics by 0.6% in the second quarter. Anchor Capital Advisors LLC now owns 24,364 shares of the company’s stock valued at $627,000 after buying an additional 140 shares during the period. Ngam Advisors L.P. raised its stake in Douglas Dynamics by 0.8% in the second quarter. Ngam Advisors L.P. now owns 16,665 shares of the company’s stock valued at $429,000 after buying an additional 140 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Douglas Dynamics by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 223,738 shares of the company’s stock valued at $5,756,000 after buying an additional 13,631 shares during the period. 85.85% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered shares of Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $28.33.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc is a manufacturer of vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, SNOWEX and WESTERN brands; turf care equipment under the TURFEX brand, and industrial maintenance equipment under the SWEEPEX brand.
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