Douglas Dynamics, Inc. (PLOW) Shares Sold by Tudor Investment Corp ET AL
Tudor Investment Corp ET AL trimmed its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 41.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,354 shares of the auto parts company’s stock after selling 10,875 shares during the period. Tudor Investment Corp ET AL owned approximately 0.07% of Douglas Dynamics worth $505,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also modified their holdings of PLOW. Uniplan Investment Counsel Inc. increased its holdings in shares of Douglas Dynamics by 148.5% during the second quarter. Uniplan Investment Counsel Inc. now owns 565,102 shares of the auto parts company’s stock valued at $18,591,000 after purchasing an additional 337,722 shares during the period. RK Capital Management LLC acquired a new position in Douglas Dynamics during the second quarter worth about $9,344,000. William Blair Investment Management LLC grew its holdings in Douglas Dynamics by 75.7% during the second quarter. William Blair Investment Management LLC now owns 347,427 shares of the auto parts company’s stock worth $11,430,000 after acquiring an additional 149,711 shares during the period. Westwood Holdings Group Inc. acquired a new position in Douglas Dynamics during the first quarter worth about $4,428,000. Finally, Lazard Asset Management LLC grew its holdings in Douglas Dynamics by 29.7% during the second quarter. Lazard Asset Management LLC now owns 545,674 shares of the auto parts company’s stock worth $17,952,000 after acquiring an additional 125,000 shares during the period. 89.34% of the stock is currently owned by institutional investors.
A number of research firms recently issued reports on PLOW. BidaskClub raised Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. 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 report on Saturday, August 12th. Finally, Oppenheimer Holdings, Inc. dropped coverage on Douglas Dynamics in a report on Thursday, June 22nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $40.00.
Douglas Dynamics, Inc. (NYSE PLOW) opened at 40.15 on Wednesday. The company has a 50 day moving average price of $37.22 and a 200-day moving average price of $32.84. The firm has a market cap of $906.99 million, a price-to-earnings ratio of 31.87 and a beta of 1.13. Douglas Dynamics, Inc. has a 52-week low of $25.23 and a 52-week high of $41.35.
Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, August 7th. The auto parts company reported $0.64 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $132.33 million. During the same period in the prior year, the company earned $0.71 earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. Equities research analysts anticipate that Douglas Dynamics, Inc. will post $1.50 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Tuesday, September 19th were issued a $0.24 dividend. The ex-dividend date of this dividend was Monday, September 18th. This represents a $0.96 annualized dividend and a dividend yield of 2.39%. Douglas Dynamics’s dividend payout ratio (DPR) is currently 76.19%.
In related news, Chairman James L. Janik sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $35.03, for a total transaction of $700,600.00. Following the completion of the transaction, the chairman now directly owns 322,790 shares of the company’s stock, valued at $11,307,333.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Sarah C. Lauber purchased 1,250 shares of Douglas Dynamics stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $36.04 per share, with a total value of $45,050.00. Following the completion of the transaction, the chief financial officer now directly owns 1,250 shares of the company’s stock, valued at approximately $45,050. The disclosure for this purchase can be found here. 3.20% of the stock is owned by corporate insiders.
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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