Rodgers Brothers Inc. Sells 8,850 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Rodgers Brothers Inc. decreased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 43.1% during the first quarter, according to its most recent filing with the SEC. The firm owned 11,700 shares of the auto parts company’s stock after selling 8,850 shares during the period. Rodgers Brothers Inc. owned about 0.05% of Douglas Dynamics worth $282,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in shares of Douglas Dynamics during the fourth quarter valued at approximately $50,000. Simplex Trading LLC bought a new stake in shares of Douglas Dynamics during the 4th quarter valued at $57,000. Quest Partners LLC bought a new stake in shares of Douglas Dynamics during the 4th quarter valued at $150,000. Quantbot Technologies LP purchased a new stake in shares of Douglas Dynamics in the 1st quarter worth about $196,000. Finally, Quadrature Capital Ltd bought a new position in shares of Douglas Dynamics in the 4th quarter worth about $207,000. Institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Stock Up 2.5 %

Shares of NYSE PLOW traded up $0.65 during trading on Friday, reaching $26.22. The company had a trading volume of 275,235 shares, compared to its average volume of 233,314. Douglas Dynamics, Inc. has a 12-month low of $21.31 and a 12-month high of $35.39. The business’s 50-day moving average is $23.89 and its 200 day moving average is $24.26. The stock has a market cap of $605.42 million, a PE ratio of 22.41, a P/E/G ratio of 1.36 and a beta of 1.17. The company has a quick ratio of 0.60, a current ratio of 2.06 and a debt-to-equity ratio of 0.82.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, April 29th. The auto parts company reported ($0.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.05). Douglas Dynamics had a return on equity of 12.95% and a net margin of 4.90%. The firm had revenue of $95.66 million during the quarter, compared to analysts’ expectations of $93.50 million. As a group, equities analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a dividend of $0.295 per share. The ex-dividend date was Monday, June 17th. This represents a $1.18 annualized dividend and a yield of 4.50%. Douglas Dynamics’s dividend payout ratio is 100.86%.

Analysts Set New Price Targets

Several equities research analysts recently commented on PLOW shares. DA Davidson reissued a “buy” rating and set a $31.00 price objective on shares of Douglas Dynamics in a research note on Tuesday, April 30th. Robert W. Baird reiterated a “neutral” rating and set a $25.00 target price (down from $36.00) on shares of Douglas Dynamics in a report on Monday, April 8th.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.