Douglas Dynamics Inc (NYSE:PLOW) VP Robert J. Young sold 818 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $43.49, for a total value of $35,574.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Douglas Dynamics Inc (PLOW) traded down $0.35 during trading on Wednesday, hitting $46.55. The stock had a trading volume of 61,509 shares, compared to its average volume of 117,750. The stock has a market capitalization of $1,050.00, a P/E ratio of 13.65, a PEG ratio of 1.57 and a beta of 1.15. Douglas Dynamics Inc has a 12-month low of $28.55 and a 12-month high of $47.40. The company has a current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 1.07.
Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. The firm had revenue of $137.97 million during the quarter, compared to the consensus estimate of $135.33 million. Douglas Dynamics had a return on equity of 14.04% and a net margin of 11.66%. equities analysts expect that Douglas Dynamics Inc will post 2 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be paid a $0.265 dividend. The ex-dividend date is Wednesday, March 21st. This is an increase from Douglas Dynamics’s previous quarterly dividend of $0.24. This represents a $1.06 annualized dividend and a dividend yield of 2.28%. Douglas Dynamics’s dividend payout ratio is 28.15%.
A number of research firms recently weighed in on PLOW. Zacks Investment Research raised Douglas Dynamics from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Robert W. Baird reaffirmed a “hold” rating and set a $44.00 price target on shares of Douglas Dynamics in a research note on Thursday, March 1st. Finally, Craig Hallum set a $50.00 price target on Douglas Dynamics and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $47.67.
Institutional investors have recently modified their holdings of the company. Zions Bancorporation purchased a new stake in shares of Douglas Dynamics in the third quarter worth approximately $100,000. Principal Financial Group Inc. bought a new position in shares of Douglas Dynamics in the third quarter valued at approximately $233,000. Comerica Bank bought a new position in shares of Douglas Dynamics in the third quarter valued at approximately $263,000. Cubist Systematic Strategies LLC bought a new position in shares of Douglas Dynamics in the third quarter valued at approximately $267,000. Finally, Financial Gravity Companies Inc. bought a new position in shares of Douglas Dynamics in the fourth quarter valued at approximately $268,000. 90.81% of the stock is owned by hedge funds and other institutional investors.
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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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