Comerica Bank purchased a new stake in Douglas Dynamics, Inc. (NYSE:PLOW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,286 shares of the auto parts company’s stock, valued at approximately $263,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. purchased a new stake in shares of Douglas Dynamics during the 3rd quarter valued at $233,000. Sapphire Star Partners LP purchased a new stake in shares of Douglas Dynamics during the 3rd quarter valued at $242,000. First Merchants Corp purchased a new stake in shares of Douglas Dynamics during the 3rd quarter valued at $305,000. Teton Advisors Inc. purchased a new stake in shares of Douglas Dynamics during the 2nd quarter valued at $352,000. Finally, Voya Investment Management LLC increased its position in shares of Douglas Dynamics by 9.8% during the 2nd quarter. Voya Investment Management LLC now owns 12,217 shares of the auto parts company’s stock valued at $402,000 after purchasing an additional 1,090 shares during the last quarter. 90.27% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Sarah C. Lauber acquired 1,250 shares of the firm’s stock in a transaction that occurred on 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 acquisition, the chief financial officer now owns 1,250 shares in the company, valued at approximately $45,050. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.20% of the company’s stock.

PLOW has been the subject of several research analyst reports. BidaskClub raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Zacks Investment Research lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, ValuEngine lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $40.00.

Shares of Douglas Dynamics, Inc. (NYSE:PLOW) traded up $0.05 on Thursday, reaching $38.90. The company had a trading volume of 63,500 shares, compared to its average volume of 98,047. Douglas Dynamics, Inc. has a 52 week low of $28.55 and a 52 week high of $42.60. The stock has a market cap of $877.66, a price-to-earnings ratio of 28.99, a P/E/G ratio of 1.83 and a beta of 1.12. The company has a current ratio of 2.97, a quick ratio of 1.76 and a debt-to-equity ratio of 1.35.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings data on Monday, November 6th. The auto parts company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.05). Douglas Dynamics had a return on equity of 13.98% and a net margin of 6.59%. The firm had revenue of $125.30 million during the quarter, compared to analysts’ expectations of $133.53 million. During the same period last year, the business posted $0.32 EPS. The company’s revenue was up 1.4% compared to the same quarter last year. sell-side analysts predict that Douglas Dynamics, Inc. will post 1.41 EPS for the current year.

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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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Institutional Ownership by Quarter for Douglas Dynamics (NYSE:PLOW)

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