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Victory Capital Management Inc. decreased its position in Douglas Dynamics, Inc. (NYSE:PLOW - Get Rating) by 30.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 207,170 shares of the auto parts company's stock after selling 91,908 shares during the period. Victory Capital Management Inc. owned 0.91% of Douglas Dynamics worth $5,805,000 as of its most recent filing with the SEC. Viton O Ring Temperature
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can purchased a new stake in shares of Douglas Dynamics during the 3rd quarter worth approximately $26,000. Point72 Hong Kong Ltd purchased a new stake in shares of Douglas Dynamics during the 2nd quarter worth approximately $46,000. Nisa Investment Advisors LLC purchased a new stake in shares of Douglas Dynamics during the 2nd quarter worth approximately $72,000. Amalgamated Bank purchased a new stake in shares of Douglas Dynamics during the 1st quarter worth approximately $127,000. Finally, Raymond James Trust N.A. boosted its holdings in Douglas Dynamics by 8.2% in the 1st quarter. Raymond James Trust N.A. now owns 5,946 shares of the auto parts company's stock worth $206,000 after buying an additional 452 shares during the period. Hedge funds and other institutional investors own 91.78% of the company's stock. Douglas Dynamics Stock Up 0.8 %
PLOW opened at $39.87 on Monday. The company has a 50 day moving average of $37.58 and a 200 day moving average of $33.82. The company has a current ratio of 1.92, a quick ratio of 1.09 and a debt-to-equity ratio of 0.86. Douglas Dynamics, Inc. has a 12 month low of $27.76 and a 12 month high of $40.14. The company has a market cap of $912.50 million, a PE ratio of 26.40 and a beta of 0.98.
Douglas Dynamics (NYSE:PLOW - Get Rating) last announced its quarterly earnings results on Monday, October 31st. The auto parts company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.35 by $0.22. Douglas Dynamics had a net margin of 5.89% and a return on equity of 18.92%. The firm had revenue of $166.10 million during the quarter, compared to the consensus estimate of $154.35 million. During the same period last year, the firm earned $0.29 EPS. The business's quarterly revenue was up 30.1% compared to the same quarter last year. On average, sell-side analysts expect that Douglas Dynamics, Inc. will post 1.72 EPS for the current year. Douglas Dynamics Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Monday, December 19th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Friday, December 16th. Douglas Dynamics's payout ratio is 76.82%. Analysts Set New Price Targets
Several research analysts recently commented on PLOW shares. DA Davidson raised their price objective on shares of Douglas Dynamics from $37.00 to $45.00 in a report on Wednesday, November 2nd. StockNews.com raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Tuesday, November 1st.Douglas Dynamics Company Profile (Get Rating)
Douglas Dynamics, Inc engages in the manufacture of commercial work truck attachments and equipment. It operates through the following segments: Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segments include manufactured snow and ice control attachments sold under FISHER, HENDERSON, SNOWEX and WESTERN brands.See AlsoGet a free copy of the StockNews.com research report on Douglas Dynamics (PLOW)Is Seagate Technology Signaling the End of its Normalization?eHealth Stock Rises from the Ashes. Time to Get In?Can Yext A.I. Search Platform Drive Growth in 2023? Cassava Sciences Stock Undervalued with Its $124 Price Target?Constellation Brands: Are Consumers Trading Down for Rail Drinks?
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