FMR LLC boosted its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 49.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 150,976 shares of the auto parts company’s stock after acquiring an additional 50,044 shares during the quarter. FMR LLC owned 0.67% of Douglas Dynamics worth $4,967,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Douglas Dynamics by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 914,005 shares of the auto parts company’s stock worth $30,071,000 after purchasing an additional 20,006 shares during the last quarter. Northern Trust Corp boosted its position in shares of Douglas Dynamics by 1.7% during the 2nd quarter. Northern Trust Corp now owns 279,688 shares of the auto parts company’s stock valued at $9,201,000 after acquiring an additional 4,643 shares during the last quarter. Lazard Asset Management LLC boosted its position in shares of Douglas Dynamics by 29.7% during the 2nd quarter. Lazard Asset Management LLC now owns 545,674 shares of the auto parts company’s stock valued at $17,952,000 after acquiring an additional 125,000 shares during the last quarter. RK Capital Management LLC acquired a new position in shares of Douglas Dynamics during the 2nd quarter valued at about $9,344,000. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Douglas Dynamics by 24.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 92,762 shares of the auto parts company’s stock valued at $3,052,000 after acquiring an additional 18,240 shares during the last quarter. 91.43% of the stock is currently owned by hedge funds and other institutional investors.
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In other news, Chairman James L. Janik sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $35.03, for a total value of $700,600.00. Following the completion of the transaction, the chairman now owns 322,790 shares in the company, valued at $11,307,333.70. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Sarah C. Lauber acquired 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were bought at an average cost of $36.04 per share, for a total transaction of $45,050.00. Following the purchase, the chief financial officer now owns 1,250 shares of the company’s stock, valued at $45,050. The disclosure for this purchase can be found here. Corporate insiders own 3.20% of the company’s stock.
A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Saturday, August 12th. BidaskClub upgraded shares of Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $40.00.
Douglas Dynamics, Inc. (NYSE:PLOW) opened at $39.80 on Tuesday. The stock has a market capitalization of $899.12, a P/E ratio of 29.70 and a beta of 1.16. Douglas Dynamics, Inc. has a fifty-two week low of $28.55 and a fifty-two week high of $42.60. The company has a quick ratio of 1.76, a current ratio of 2.97 and a debt-to-equity ratio of 1.35.
Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, November 6th. The auto parts company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ 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 analyst estimates of $133.53 million. During the same period in the previous year, the company posted $0.32 earnings per share. Douglas Dynamics’s revenue was up 1.4% compared to the same quarter last year. equities analysts anticipate that Douglas Dynamics, Inc. will post 1.45 EPS for the current fiscal year.
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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