Great West Life Assurance Co. Can Has $128,000 Stake in Douglas Dynamics, Inc. (PLOW)
Great West Life Assurance Co. Can continued to hold its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,900 shares of the auto parts company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in Douglas Dynamics were worth $128,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in PLOW. Toronto Dominion Bank increased its position in Douglas Dynamics by 0.6% during the 1st quarter. Toronto Dominion Bank now owns 3,250 shares of the auto parts company’s stock worth $100,000 after purchasing an additional 20 shares in the last quarter. ClariVest Asset Management LLC increased its position in Douglas Dynamics by 5.3% during the 1st quarter. ClariVest Asset Management LLC now owns 6,060 shares of the auto parts company’s stock worth $185,000 after purchasing an additional 303 shares in the last quarter. Citadel Advisors LLC purchased a new stake in Douglas Dynamics during the 1st quarter worth about $204,000. Atria Investments LLC increased its position in Douglas Dynamics by 1.5% during the 2nd quarter. Atria Investments LLC now owns 7,677 shares of the auto parts company’s stock worth $253,000 after purchasing an additional 112 shares in the last quarter. Finally, GW&K Investment Management LLC purchased a new stake in Douglas Dynamics during the 2nd quarter worth about $257,000. 89.36% of the stock is owned by institutional investors and hedge funds.
In other Douglas Dynamics news, Chairman James L. Janik sold 20,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $11,307,333.70. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.20% of the company’s stock.
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Shares of Douglas Dynamics, Inc. (NYSE:PLOW) opened at 36.45 on Monday. The firm has a 50-day moving average price of $34.07 and a 200 day moving average price of $31.78. The stock has a market cap of $823.41 million, a PE ratio of 28.93 and a beta of 1.11. Douglas Dynamics, Inc. has a 12-month low of $25.23 and a 12-month high of $38.80.
Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, August 7th. The auto parts company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.11. Douglas Dynamics had a return on equity of 14.96% and a net margin of 6.16%. The company had revenue of $139.40 million for the quarter, compared to analyst estimates of $132.33 million. During the same period in the prior year, the firm posted $0.71 EPS. The business’s revenue was up 22.5% compared to the same quarter last year. Equities research analysts predict that Douglas Dynamics, Inc. will post $1.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be given a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.63%. The ex-dividend date is Monday, September 18th. Douglas Dynamics’s payout ratio is currently 76.19%.
PLOW has been the subject of a number of recent research reports. Oppenheimer Holdings, Inc. dropped coverage on Douglas Dynamics in a research report on Thursday, June 22nd. Zacks Investment Research upgraded Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, BidaskClub cut Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Douglas Dynamics currently has an average rating of “Buy” and a consensus target price of $40.00.
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.
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