Douglas Dynamics Inc (NYSE:PLOW) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.20-1.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.52. The company issued revenue guidance of $470 -530 million, compared to the consensus revenue estimate of $492.22 million.

Douglas Dynamics Inc (NYSE:PLOW) traded up 2.25% on Friday, reaching $29.55. 38,693 shares of the company’s stock were exchanged. The firm has a market cap of $667.53 million, a PE ratio of 22.23 and a beta of 1.21. The firm has a 50 day moving average price of $31.01 and a 200 day moving average price of $31.86. Douglas Dynamics Inc has a one year low of $20.00 and a one year high of $35.90.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, May 8th. The auto parts company reported ($0.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $0.08. Douglas Dynamics had a return on equity of 19.72% and a net margin of 10.73%. The business had revenue of $72.20 million for the quarter, compared to analysts’ expectations of $78.34 million. During the same quarter last year, the company posted ($0.04) earnings per share. The business’s quarterly revenue was up 48.0% compared to the same quarter last year. On average, equities analysts anticipate that Douglas Dynamics Inc will post $1.40 earnings per share for the current year.

PLOW has been the subject of a number of recent research reports. Sidoti assumed coverage on Douglas Dynamics in a research note on Monday, February 27th. They issued a buy rating for the company. Oppenheimer Holdings Inc. restated a hold rating on shares of Douglas Dynamics in a research note on Monday, May 8th. Zacks Investment Research lowered Douglas Dynamics from a hold rating to a sell rating in a research note on Friday, March 10th. Finally, Craig Hallum began coverage on Douglas Dynamics in a research report on Tuesday, January 24th. They issued a buy rating and a $42.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $34.00.

In other Douglas Dynamics news, SVP Mark Adamson sold 5,178 shares of the business’s stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $32.46, for a total value of $168,077.88. Following the completion of the sale, the senior vice president now owns 68,647 shares of the company’s stock, valued at $2,228,281.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert L. Mccormick sold 10,951 shares of the business’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $32.47, for a total value of $355,578.97. Following the transaction, the chief financial officer now owns 142,214 shares in the company, valued at $4,617,688.58. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

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A number of large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in Douglas Dynamics by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 16,323 shares of the auto parts company’s stock valued at $500,000 after buying an additional 255 shares in the last quarter. Bank of America Corp DE increased its position in Douglas Dynamics by 57.9% in 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 buying an additional 6,900 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in Douglas Dynamics by 5.2% in 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 buying an additional 4,758 shares in the last quarter. Renaissance Technologies LLC increased its position in Douglas Dynamics by 783.0% in the first quarter. Renaissance Technologies LLC now owns 77,700 shares of the auto parts company’s stock worth $2,382,000 after buying an additional 68,900 shares during the period. Finally, Geode Capital Management LLC increased its position in Douglas Dynamics by 6.1% in the first quarter. Geode Capital Management LLC now owns 175,479 shares of the auto parts company’s stock worth $5,378,000 after buying an additional 10,074 shares during the period. Institutional investors and hedge funds own 86.47% of the company’s stock.

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.

5 Day Chart for NYSE:PLOW

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