First Trust Advisors LP reduced its position in shares of Douglas Dynamics Inc. (NYSE:PLOW) by 17.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,902 shares of the company’s stock after selling 10,283 shares during the period. First Trust Advisors LP owned about 0.22% of Douglas Dynamics worth $1,258,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Glenmede Trust Co. NA increased its stake in Douglas Dynamics by 0.4% in the first quarter. Glenmede Trust Co. NA now owns 19,071 shares of the company’s stock worth $434,000 after buying an additional 78 shares during the last quarter. Ngam Advisors L.P. increased its stake in Douglas Dynamics by 0.8% in the second quarter. Ngam Advisors L.P. now owns 16,665 shares of the company’s stock worth $429,000 after buying an additional 140 shares during the last quarter. Anchor Capital Advisors LLC increased its stake in Douglas Dynamics by 0.6% in the second quarter. Anchor Capital Advisors LLC now owns 24,364 shares of the company’s stock worth $627,000 after buying an additional 140 shares during the last quarter. M&T Bank Corp increased its stake in Douglas Dynamics by 1.0% in the first quarter. M&T Bank Corp now owns 22,740 shares of the company’s stock worth $520,000 after buying an additional 225 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. increased its stake in Douglas Dynamics by 1.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 34,035 shares of the company’s stock worth $780,000 after buying an additional 340 shares during the last quarter. 85.68% of the stock is currently owned by institutional investors.
Shares of Douglas Dynamics Inc. (NYSE:PLOW) traded up 0.82% on Friday, hitting $31.94. The company had a trading volume of 99,059 shares. The company has a 50-day moving average of $31.86 and a 200 day moving average of $25.90. The stock has a market cap of $718.68 million, a PE ratio of 13.96 and a beta of 1.25. Douglas Dynamics Inc. has a 12 month low of $16.89 and a 12 month high of $32.80.
Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, August 1st. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.45 by $0.26. Douglas Dynamics had a net margin of 12.84% and a return on equity of 22.47%. The firm earned $113.80 million during the quarter, compared to analysts’ expectations of $96.87 million. During the same quarter in the prior year, the firm earned $0.57 EPS. Douglas Dynamics’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts anticipate that Douglas Dynamics Inc. will post $1.63 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Tuesday, September 20th were given a $0.235 dividend. This represents a $0.94 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend was Friday, September 16th. Douglas Dynamics’s dividend payout ratio (DPR) is 41.23%.
A number of equities research analysts have recently issued reports on PLOW shares. Zacks Investment Research downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Seaport Global Securities downgraded Douglas Dynamics from a “buy” rating to a “neutral” rating and set a $24.00 price objective for the company. in a research report on Wednesday, July 6th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Douglas Dynamics currently has an average rating of “Buy” and a consensus price target of $28.33.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc is a manufacturer of vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, SNOWEX and WESTERN brands; turf care equipment under the TURFEX brand, and industrial maintenance equipment under the SWEEPEX brand.
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