Douglas Dynamics Inc (NYSE:PLOW) VP Robert L. Mccormick sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $40.08, for a total transaction of $601,200.00. Following the sale, the vice president now owns 116,263 shares of the company’s stock, valued at $4,659,821.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Douglas Dynamics Inc (NYSE:PLOW) opened at $40.45 on Wednesday. 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 $914.93, a P/E ratio of 30.19, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12. Douglas Dynamics Inc has a one year low of $28.55 and a one year high of $42.60.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings results on Monday, November 6th. The auto parts company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.05). Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The firm had revenue of $125.30 million during the quarter, compared to the consensus estimate of $133.53 million. During the same period in the prior year, the business earned $0.32 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities research analysts predict that Douglas Dynamics Inc will post 1.41 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in the company. DF Dent & Co. Inc. raised its position in shares of Douglas Dynamics by 12.6% in the third quarter. DF Dent & Co. Inc. now owns 63,511 shares of the auto parts company’s stock valued at $2,502,000 after purchasing an additional 7,119 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Douglas Dynamics in the third quarter valued at approximately $267,000. Granahan Investment Management Inc. MA raised its position in shares of Douglas Dynamics by 5.6% in the third quarter. Granahan Investment Management Inc. MA now owns 295,969 shares of the auto parts company’s stock valued at $11,661,000 after purchasing an additional 15,758 shares during the period. Zions Bancorporation bought a new position in shares of Douglas Dynamics in the third quarter valued at approximately $100,000. Finally, Cadence Capital Management LLC raised its position in shares of Douglas Dynamics by 98.1% in the third quarter. Cadence Capital Management LLC now owns 37,874 shares of the auto parts company’s stock valued at $1,492,000 after purchasing an additional 18,754 shares during the period. 90.23% of the stock is currently owned by institutional investors.
A number of research firms have issued reports on PLOW. BidaskClub upgraded shares of Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Zacks Investment Research cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, ValuEngine cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Douglas Dynamics presently has a consensus rating of “Buy” and a consensus target price of $40.00.
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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