Douglas Dynamics Inc (PLOW) Position Lowered by Granahan Investment Management Inc. MA

Granahan Investment Management Inc. MA lowered its position in shares of Douglas Dynamics Inc (NYSE:PLOW) by 36.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 313,899 shares of the auto parts company’s stock after selling 183,074 shares during the period. Granahan Investment Management Inc. MA owned about 1.39% of Douglas Dynamics worth $9,621,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Toronto Dominion Bank raised its position in Douglas Dynamics by 0.6% in the first quarter. Toronto Dominion Bank now owns 3,250 shares of the auto parts company’s stock worth $100,000 after buying an additional 20 shares during the period. ClariVest Asset Management LLC raised its position in Douglas Dynamics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 6,060 shares of the auto parts company’s stock worth $185,000 after buying an additional 303 shares during the period. Citadel Advisors LLC purchased a new position in Douglas Dynamics during the first quarter worth approximately $204,000. Sapphire Star Partners LP purchased a new position in Douglas Dynamics during the first quarter worth approximately $214,000. Finally, Blair William & Co. IL purchased a new position in Douglas Dynamics during the first quarter worth approximately $275,000. Hedge funds and other institutional investors own 85.66% of the company’s stock.

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

Shares of Douglas Dynamics Inc (NYSE PLOW) traded up 0.98% on Monday, reaching $30.80. 87,085 shares of the company traded hands. Douglas Dynamics Inc has a 1-year low of $22.82 and a 1-year high of $35.90. The firm has a market capitalization of $695.77 million, a P/E ratio of 23.18 and a beta of 1.20. The stock has a 50-day moving average price of $30.47 and a 200 day moving average price of $31.92.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, May 8th. The auto parts company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.06) by $0.08. Douglas Dynamics had a negative net margin of 4.54% and a negative return on equity of 5.99%. The business had revenue of $72.20 million during the quarter, compared to the consensus estimate of $78.34 million. During the same quarter in the prior year, the firm posted ($0.04) EPS. The company’s revenue for the quarter was up 48.0% compared to the same quarter last year. Analysts anticipate that Douglas Dynamics Inc will post $1.40 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Tuesday, June 20th will be issued a $0.24 dividend. The ex-dividend date of this dividend is Friday, June 16th. This represents a $0.96 annualized dividend and a dividend yield of 3.12%. Douglas Dynamics’s dividend payout ratio is currently 72.18%.

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PLOW has been the subject of a number of recent analyst reports. Sidoti initiated coverage on shares of Douglas Dynamics in a research report on Monday, February 27th. They set a “buy” rating for the company. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Douglas Dynamics in a research report on Monday, May 8th. Finally, Zacks Investment Research lowered shares of Douglas Dynamics from a “hold” rating to a “sell” rating in a research report on Friday, March 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Douglas Dynamics currently has an average rating of “Hold” and a consensus price target of $34.00.

Douglas Dynamics Company Profile

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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