Mondrian Investment Partners LTD trimmed its holdings in Douglas Dynamics Inc (NYSE:PLOW) by 16.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 48,138 shares of the auto parts company’s stock after selling 9,410 shares during the quarter. Mondrian Investment Partners LTD owned 0.21% of Douglas Dynamics worth $1,820,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. The Manufacturers Life Insurance Company lifted its holdings in Douglas Dynamics by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,735 shares of the auto parts company’s stock valued at $584,000 after acquiring an additional 485 shares during the last quarter. DF Dent & Co. Inc. lifted its holdings in Douglas Dynamics by 1.4% in the 2nd quarter. DF Dent & Co. Inc. now owns 56,392 shares of the auto parts company’s stock valued at $1,855,000 after acquiring an additional 788 shares during the last quarter. Voya Investment Management LLC raised its holdings in Douglas Dynamics by 9.8% during the 2nd quarter. Voya Investment Management LLC now owns 12,217 shares of the auto parts company’s stock worth $402,000 after buying an additional 1,090 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Douglas Dynamics by 10.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,727 shares of the auto parts company’s stock worth $541,000 after buying an additional 1,269 shares during the period. Finally, Teachers Advisors LLC raised its holdings in Douglas Dynamics by 4.5% during the 2nd quarter. Teachers Advisors LLC now owns 40,112 shares of the auto parts company’s stock worth $1,320,000 after buying an additional 1,744 shares during the period. 90.23% of the stock is owned by institutional investors.
Several research firms have issued reports on PLOW. BidaskClub upgraded Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a report on Friday, October 27th. Zacks Investment Research downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, ValuEngine downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Douglas Dynamics presently has an average rating of “Buy” and a consensus target price of $40.00.
In other Douglas Dynamics news, SVP Keith Hagelin bought 3,400 shares of the company’s stock in a transaction dated Saturday, March 17th. The shares were bought at an average price of $29.35 per share, for a total transaction of $99,790.00. Following the acquisition, the senior vice president now directly owns 82,090 shares of the company’s stock, valued at $2,409,341.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James L. Janik sold 25,000 shares of the company’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $37.47, for a total value of $936,750.00. Following the completion of the transaction, the chief executive officer now owns 297,790 shares in the company, valued at approximately $11,158,191.30. The disclosure for this sale can be found here. Insiders sold a total of 76,673 shares of company stock worth $2,910,522 in the last quarter. 3.20% of the stock is owned by corporate insiders.
Shares of Douglas Dynamics Inc (NYSE PLOW) opened at $40.25 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.76 and a current ratio of 2.97. The stock has a market capitalization of $909.28, a PE ratio of 29.81, a price-to-earnings-growth ratio of 1.58 and a beta of 1.12. Douglas Dynamics Inc has a twelve month low of $28.55 and a twelve month high of $42.60.
Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, November 6th. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.05). The company had revenue of $125.30 million for the quarter, compared to analyst estimates of $133.53 million. Douglas Dynamics had a return on equity of 13.98% and a net margin of 6.59%. Douglas Dynamics’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. equities analysts expect that Douglas Dynamics Inc will post 1.41 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 19th were issued a dividend of $0.24 per share. The ex-dividend date was Monday, December 18th. This represents a $0.96 annualized dividend and a yield of 2.39%. Douglas Dynamics’s payout ratio is presently 71.11%.
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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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