Douglas Dynamics, Inc. (PLOW) Stake Increased by Goldman Sachs Group Inc.
Goldman Sachs Group Inc. raised its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,323 shares of the auto parts company’s stock after buying an additional 255 shares during the period. Goldman Sachs Group Inc. owned about 0.07% of Douglas Dynamics worth $500,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank raised its position in Douglas Dynamics by 0.6% in the first quarter. Toronto Dominion Bank now owns 3,250 shares of the auto parts company’s stock valued at $100,000 after buying an additional 20 shares in the last quarter. ClariVest Asset Management LLC raised its position in Douglas Dynamics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 6,060 shares of the auto parts company’s stock valued at $185,000 after buying an additional 303 shares in the last quarter. Citadel Advisors LLC acquired a new position in Douglas Dynamics during the first quarter valued at $204,000. Sapphire Star Partners LP acquired a new position in Douglas Dynamics during the first quarter valued at $214,000. Finally, Blair William & Co. IL acquired a new position in Douglas Dynamics during the first quarter valued at $275,000. Hedge funds and other institutional investors own 85.16% of the company’s stock.
Shares of Douglas Dynamics, Inc. (NYSE PLOW) traded up 0.45% during mid-day trading on Monday, hitting $33.60. The stock had a trading volume of 11,399 shares. Douglas Dynamics, Inc. has a 1-year low of $25.23 and a 1-year high of $35.90. The firm’s 50 day moving average price is $32.28 and its 200 day moving average price is $31.60. The company has a market cap of $759.02 million, a P/E ratio of 26.67 and a beta of 1.14.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, August 7th. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.11. The company had revenue of $139.40 million for the quarter, compared to analysts’ expectations of $132.33 million. Douglas Dynamics had a net margin of 6.16% and a return on equity of 14.96%. The business’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. Analysts predict that Douglas Dynamics, Inc. will post $1.50 earnings per share for the current fiscal year.
PLOW has been the topic of a number of research reports. BidaskClub lowered Douglas Dynamics from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded Douglas Dynamics from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Saturday, August 12th. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Douglas Dynamics in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Douglas Dynamics presently has a consensus rating of “Hold” and a consensus target price of $40.00.
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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