Douglas Dynamics, Inc. (PLOW) CFO Sarah C. Lauber Purchases 1,250 Shares of Stock
Douglas Dynamics, Inc. (NYSE:PLOW) CFO Sarah C. Lauber bought 1,250 shares of Douglas Dynamics stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average cost of $36.04 per share, for a total transaction of $45,050.00. Following the purchase, the chief financial officer now owns 1,250 shares of the company’s stock, valued at $45,050. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Douglas Dynamics, Inc. (NYSE PLOW) opened at 37.25 on Tuesday. The stock’s 50 day moving average price is $34.23 and its 200-day moving average price is $31.77. Douglas Dynamics, Inc. has a 52 week low of $25.23 and a 52 week high of $38.80. The company has a market capitalization of $841.48 million, a PE ratio of 29.56 and a beta of 1.11.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, August 7th. The auto parts company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.53 by $0.11. The business 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 quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 EPS. On average, equities research analysts predict that Douglas Dynamics, Inc. will post $1.50 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 2.58%. The ex-dividend date is Monday, September 18th. Douglas Dynamics’s payout ratio is currently 76.19%.
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Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in shares of Douglas Dynamics by 2.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,471,309 shares of the auto parts company’s stock worth $48,406,000 after buying an additional 37,147 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Douglas Dynamics by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,389,370 shares of the auto parts company’s stock worth $45,710,000 after buying an additional 82,348 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Douglas Dynamics by 2.2% in the 2nd quarter. Vanguard Group Inc. now owns 914,005 shares of the auto parts company’s stock worth $30,071,000 after buying an additional 20,006 shares during the last quarter. Bernzott Capital Advisors increased its holdings in shares of Douglas Dynamics by 5.2% in the 2nd quarter. Bernzott Capital Advisors now owns 858,629 shares of the auto parts company’s stock worth $28,249,000 after buying an additional 42,650 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Douglas Dynamics by 336.5% in the 2nd quarter. Westwood Holdings Group Inc. now owns 630,684 shares of the auto parts company’s stock worth $20,749,000 after buying an additional 486,195 shares during the last quarter. Hedge funds and other institutional investors own 89.31% of the company’s stock.
PLOW has been the topic of a number of research analyst reports. Oppenheimer Holdings, Inc. dropped coverage on Douglas Dynamics in a research note on Thursday, June 22nd. 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 note on Saturday, August 12th. Finally, BidaskClub raised Douglas Dynamics from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target 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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