Douglas Dynamics, Inc. (PLOW) Reaches New 1-Year High at $39.05
Shares of Douglas Dynamics, Inc. (NYSE:PLOW) hit a new 52-week high on Tuesday . The company traded as high as $39.05 and last traded at $38.91, with a volume of 38,690 shares changing hands. The stock had previously closed at $38.60.
A number of analysts have weighed in on PLOW shares. Oppenheimer Holdings, Inc. dropped coverage on shares of Douglas Dynamics in a report on Thursday, June 22nd. BidaskClub downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research raised shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $40.00.
The company has a 50-day moving average price of $34.39 and a 200-day moving average price of $31.80. The firm has a market capitalization of $902.47 million, a P/E ratio of 31.71 and a beta of 1.11.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, August 7th. The auto parts company reported $0.64 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.11. Douglas Dynamics had a net margin of 6.16% and a return on equity of 14.96%. The firm had revenue of $139.40 million for the quarter, compared to the consensus estimate of $132.33 million. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. On average, analysts anticipate that Douglas Dynamics, Inc. will post $1.50 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Monday, September 18th. This represents a $0.96 annualized dividend and a dividend yield of 2.40%. Douglas Dynamics’s dividend payout ratio is currently 76.19%.
In other Douglas Dynamics news, CFO Sarah C. Lauber bought 1,250 shares of Douglas Dynamics stock in a transaction dated Thursday, September 14th. The stock was bought at an average price of $36.04 per share, with a total value of $45,050.00. Following the completion of the transaction, the chief financial officer now owns 1,250 shares in the company, valued at approximately $45,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman James L. Janik sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $35.03, for a total transaction of $700,600.00. Following the completion of the sale, the chairman now directly owns 322,790 shares of the company’s stock, valued at approximately $11,307,333.70. The disclosure for this sale can be found here. Insiders own 3.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. First Trust Advisors LP lifted its position in Douglas Dynamics by 72.9% during the first quarter. First Trust Advisors LP now owns 191,206 shares of the auto parts company’s stock worth $5,860,000 after purchasing an additional 80,620 shares during the period. Bank of New York Mellon Corp lifted its position in Douglas Dynamics by 35.1% during the first quarter. Bank of New York Mellon Corp now owns 338,297 shares of the auto parts company’s stock worth $10,369,000 after purchasing an additional 87,844 shares during the period. Karp Capital Management Corp bought a new stake in Douglas Dynamics during the first quarter worth about $297,000. Oxford Asset Management bought a new stake in Douglas Dynamics during the first quarter worth about $658,000. Finally, Victory Capital Management Inc. lifted its position in Douglas Dynamics by 6.4% during the first quarter. Victory Capital Management Inc. now owns 12,824 shares of the auto parts company’s stock worth $393,000 after purchasing an additional 767 shares during the period. 89.31% of the stock is owned by institutional investors.
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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