Epoch Investment Partners Inc. Decreases Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

Epoch Investment Partners Inc. reduced its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 23.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 285,486 shares of the auto parts company’s stock after selling 85,431 shares during the period. Epoch Investment Partners Inc. owned about 1.24% of Douglas Dynamics worth $6,886,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Brown Brothers Harriman & Co. bought a new stake in shares of Douglas Dynamics in the 4th quarter worth approximately $50,000. Simplex Trading LLC bought a new stake in shares of Douglas Dynamics in the 4th quarter worth approximately $57,000. Quest Partners LLC bought a new stake in shares of Douglas Dynamics in the 4th quarter worth approximately $150,000. Quadrature Capital Ltd bought a new stake in shares of Douglas Dynamics in the 4th quarter worth approximately $207,000. Finally, SG Americas Securities LLC grew its position in shares of Douglas Dynamics by 84.8% in the 4th quarter. SG Americas Securities LLC now owns 7,579 shares of the auto parts company’s stock worth $225,000 after buying an additional 3,478 shares during the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Trading Up 2.5 %

NYSE PLOW opened at $26.22 on Monday. 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, Inc. has a twelve month low of $21.31 and a twelve month high of $35.39. The firm has a market capitalization of $605.42 million, a PE ratio of 22.41, a P/E/G ratio of 1.44 and a beta of 1.17. The stock’s 50 day moving average is $23.89 and its 200 day moving average is $24.24.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, April 29th. The auto parts company reported ($0.31) 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 company had revenue of $95.66 million during the quarter, compared to the consensus estimate of $93.50 million. Research analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Robert W. Baird reiterated a “neutral” rating and issued a $25.00 price objective (down from $36.00) on shares of Douglas Dynamics in a research report on Monday, April 8th. DA Davidson restated a “buy” rating and set a $31.00 price target on shares of Douglas Dynamics in a research report on Tuesday, April 30th.

About Douglas Dynamics

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.