Yorktown Management & Research Co Inc Takes Position in Douglas Dynamics, Inc. (PLOW)
Yorktown Management & Research Co Inc purchased a new stake in Douglas Dynamics, Inc. (NYSE:PLOW) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,700 shares of the auto parts company’s stock, valued at approximately $343,000.
Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in shares of Douglas Dynamics in the third quarter valued at $233,000. Sapphire Star Partners LP purchased a new position in shares of Douglas Dynamics in the third quarter valued at $242,000. Comerica Bank purchased a new position in shares of Douglas Dynamics in the third quarter valued at $263,000. First Merchants Corp purchased a new position in shares of Douglas Dynamics in the third quarter valued at $305,000. Finally, Teton Advisors Inc. purchased a new position in shares of Douglas Dynamics in the second quarter valued at $352,000. Institutional investors and hedge funds own 89.74% of the company’s stock.
Douglas Dynamics, Inc. (NYSE:PLOW) traded up $1.35 on Wednesday, hitting $41.55. The company had a trading volume of 79,500 shares, compared to its average volume of 99,526. The company has a current ratio of 2.97, a quick ratio of 1.76 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $908.15, a price-to-earnings ratio of 30.00, a P/E/G ratio of 1.90 and a beta of 1.16. Douglas Dynamics, Inc. has a fifty-two week low of $28.55 and a fifty-two week high of $42.60.
Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, November 6th. The auto parts company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The company had revenue of $125.30 million for the quarter, compared to analyst estimates of $133.53 million. Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. research analysts forecast that Douglas Dynamics, Inc. will post 1.41 earnings per share for the current fiscal year.
In other Douglas Dynamics news, CFO Sarah C. Lauber purchased 1,250 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost of $36.04 per share, with a total value of $45,050.00. Following the purchase, the chief financial officer now owns 1,250 shares in the company, valued at $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 firm’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 completion of the sale, the chairman now directly owns 322,790 shares in the company, valued at $11,307,333.70. The disclosure for this sale can be found here. 3.20% of the stock is owned by company insiders.
A number of brokerages have recently weighed in on PLOW. BidaskClub cut Douglas Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Zacks Investment Research cut Douglas Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $40.00.
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Douglas Dynamics 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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