James L. Janik Sells 21,080 Shares of Douglas Dynamics, Inc. (PLOW) Stock
Douglas Dynamics, Inc. (NYSE:PLOW) CEO James L. Janik sold 21,080 shares of Douglas Dynamics stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $37.27, for a total transaction of $785,651.60. Following the completion of the sale, the chief executive officer now owns 297,790 shares of the company’s stock, valued at approximately $11,098,633.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Douglas Dynamics, Inc. (PLOW) traded down $0.15 during trading hours on Wednesday, hitting $37.25. 77,100 shares of the company’s stock traded hands, compared to its average volume of 97,767. The firm has a market capitalization of $844.90, a P/E ratio of 27.91, a price-to-earnings-growth ratio of 1.76 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, 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 results on Monday, November 6th. The auto parts company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.05). The business had revenue of $125.30 million during the quarter, compared to analyst estimates of $133.53 million. Douglas Dynamics had a return on equity of 13.98% and a net margin of 6.59%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. research analysts expect that Douglas Dynamics, Inc. will post 1.41 earnings per share for the current fiscal year.
PLOW has been the subject of several research reports. BidaskClub upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Zacks Investment Research downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, ValuEngine downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $40.00.
Large investors have recently bought and sold shares of the business. Zions Bancorporation acquired a new position in shares of Douglas Dynamics in the third quarter worth $100,000. Principal Financial Group Inc. acquired a new position in shares of Douglas Dynamics in the third quarter worth $233,000. Sapphire Star Partners LP purchased a new stake in shares of Douglas Dynamics during the 3rd quarter worth $242,000. Comerica Bank purchased a new stake in shares of Douglas Dynamics during the 3rd quarter worth $263,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Douglas Dynamics during the 3rd quarter worth $267,000. Institutional investors and hedge funds own 90.27% of the company’s stock.
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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