Gilman Hill Asset Management LLC cut its holdings in Douglas Dynamics Inc (NYSE:PLOW) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,221 shares of the auto parts company’s stock after selling 15,047 shares during the quarter. Douglas Dynamics accounts for approximately 2.3% of Gilman Hill Asset Management LLC’s holdings, making the stock its 4th largest position. Gilman Hill Asset Management LLC’s holdings in Douglas Dynamics were worth $5,678,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Zions Bancorporation purchased a new stake in Douglas Dynamics during the 3rd quarter valued at $100,000. Principal Financial Group Inc. purchased a new stake in Douglas Dynamics during the 3rd quarter valued at $233,000. Sapphire Star Partners LP purchased a new stake in Douglas Dynamics during the 3rd quarter valued at $242,000. Comerica Bank purchased a new stake in Douglas Dynamics during the 3rd quarter valued at $263,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Douglas Dynamics during the 3rd quarter valued at $267,000. 90.82% of the stock is currently owned by institutional investors and hedge funds.

Douglas Dynamics Inc (NYSE:PLOW) traded down $0.25 during trading hours on Tuesday, hitting $41.75. The stock had a trading volume of 87,822 shares, compared to its average volume of 85,566. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.97 and a quick ratio of 1.76. The stock has a market cap of $958.98, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 1.65 and a beta of 1.12. Douglas Dynamics Inc has a 52-week low of $28.55 and a 52-week high of $43.00.

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 the consensus estimate of $0.45 by ($0.05). The company had revenue of $125.30 million during the quarter, compared to analysts’ expectations of $133.53 million. Douglas Dynamics had a return on equity of 13.98% and a net margin of 6.59%. The company’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. research analysts anticipate that Douglas Dynamics Inc will post 1.41 earnings per share for the current year.

A number of equities research analysts have weighed in on PLOW shares. Zacks Investment Research lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. BidaskClub lowered shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Finally, ValuEngine lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $38.00.

In other news, CEO James L. Janik sold 21,080 shares of the company’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $37.27, for a total value of $785,651.60. Following the completion of the sale, the chief executive officer now directly owns 297,790 shares in the company, valued at approximately $11,098,633.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James L. Janik sold 25,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $37.47, for a total value of $936,750.00. Following the completion of the sale, the chief executive officer now owns 297,790 shares of the company’s stock, valued at $11,158,191.30. The disclosure for this sale can be found here. Insiders sold a total of 76,673 shares of company stock valued at $2,910,522 over the last 90 days. 3.20% of the stock is currently owned by company insiders.

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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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