Douglas Dynamics Inc (NYSE:PLOW) VP Robert L. Mccormick sold 15,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $40.08, for a total value of $601,200.00. Following the transaction, the vice president now owns 116,263 shares of the company’s stock, valued at $4,659,821.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Douglas Dynamics Inc (NYSE PLOW) opened at $40.05 on Tuesday. Douglas Dynamics Inc has a twelve month low of $28.55 and a twelve month high of $42.60. The company has a market capitalization of $904.77, a PE ratio of 29.67, a P/E/G ratio of 1.55 and a beta of 1.12. The company has a current ratio of 2.97, a quick ratio of 1.76 and a debt-to-equity ratio of 1.35.
Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, November 6th. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The company had revenue of $125.30 million during the quarter, compared to analyst estimates of $133.53 million. Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. Douglas Dynamics’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. equities analysts anticipate that Douglas Dynamics Inc will post 1.41 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 19th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date was Monday, December 18th. Douglas Dynamics’s dividend payout ratio is currently 71.11%.
A number of equities analysts recently commented on the company. BidaskClub upgraded Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a report on Friday, October 27th. ValuEngine cut Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research cut Douglas Dynamics from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $40.00.
Hedge funds have recently bought and sold shares of the business. Zions Bancorporation acquired a new stake in Douglas Dynamics in the 3rd quarter valued at about $100,000. Principal Financial Group Inc. acquired a new stake in Douglas Dynamics in the 3rd quarter valued at about $233,000. Sapphire Star Partners LP acquired a new stake in Douglas Dynamics in the 3rd quarter valued at about $242,000. Comerica Bank acquired a new stake in Douglas Dynamics in the 3rd quarter valued at about $263,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Douglas Dynamics in the 3rd quarter valued at about $267,000. 90.23% of the stock is currently owned by institutional investors.
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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