James L. Janik Sells 20,000 Shares of Douglas Dynamics, Inc. (PLOW) Stock
Douglas Dynamics, Inc. (NYSE:PLOW) Chairman James L. Janik sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $35.03, for a total value of $700,600.00. Following the transaction, the chairman now directly owns 322,790 shares in the company, valued at $11,307,333.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Douglas Dynamics, Inc. (NYSE PLOW) opened at 35.35 on Friday. The company has a 50 day moving average price of $33.09 and a 200 day moving average price of $31.67. The firm has a market capitalization of $798.56 million, a P/E ratio of 28.06 and a beta of 1.11. Douglas Dynamics, Inc. has a 52-week low of $25.23 and a 52-week high of $37.50.
Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, August 7th. The auto parts company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.11. The company had revenue of $139.40 million for the quarter, compared to analyst estimates of $132.33 million. Douglas Dynamics had a net margin of 6.16% and a return on equity of 14.96%. Douglas Dynamics’s quarterly revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.71 earnings per share. On average, equities analysts forecast that Douglas Dynamics, Inc. will post $1.50 EPS for the current fiscal year.
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PLOW has been the topic of several research reports. Zacks Investment Research raised Douglas Dynamics from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Saturday, August 12th. Oppenheimer Holdings, Inc. dropped coverage on Douglas Dynamics in a research report on Thursday, June 22nd. Finally, BidaskClub downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $40.00.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. William Blair Investment Management LLC acquired a new position in Douglas Dynamics during the first quarter worth approximately $6,060,000. Blair William & Co. IL purchased a new stake in shares of Douglas Dynamics during the first quarter valued at $275,000. Van Den Berg Management I Inc. increased its stake in shares of Douglas Dynamics by 62.4% in the first quarter. Van Den Berg Management I Inc. now owns 16,235 shares of the auto parts company’s stock valued at $498,000 after buying an additional 6,235 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Douglas Dynamics by 6.4% in the first quarter. Victory Capital Management Inc. now owns 12,824 shares of the auto parts company’s stock valued at $393,000 after buying an additional 767 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of Douglas Dynamics by 29.8% in the first quarter. Pacific Ridge Capital Partners LLC now owns 23,540 shares of the auto parts company’s stock valued at $722,000 after buying an additional 5,410 shares during the last quarter. Institutional investors own 89.37% of the company’s stock.
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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