UBS Asset Management Americas Inc. held its stake in Douglas Dynamics, Inc. (NYSE:PLOW) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,998 shares of the auto parts company’s stock at the end of the second quarter. UBS Asset Management Americas Inc.’s holdings in Douglas Dynamics were worth $329,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of PLOW. Uniplan Investment Counsel Inc. increased its stake in shares of Douglas Dynamics by 148.5% during the 2nd quarter. Uniplan Investment Counsel Inc. now owns 565,102 shares of the auto parts company’s stock worth $18,591,000 after purchasing an additional 337,722 shares in the last quarter. RK Capital Management LLC purchased a new position in shares of Douglas Dynamics during the 2nd quarter worth approximately $9,344,000. William Blair Investment Management LLC increased its stake in shares of Douglas Dynamics by 75.7% during the 2nd quarter. William Blair Investment Management LLC now owns 347,427 shares of the auto parts company’s stock worth $11,430,000 after purchasing an additional 149,711 shares in the last quarter. Lazard Asset Management LLC increased its stake 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 worth $17,952,000 after purchasing an additional 125,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Douglas Dynamics by 783.0% during the 1st quarter. Renaissance Technologies LLC now owns 77,700 shares of the auto parts company’s stock worth $2,382,000 after purchasing an additional 68,900 shares in the last quarter. 91.37% of the stock is owned by institutional investors and hedge funds.
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In other news, CFO Sarah C. Lauber purchased 1,250 shares of the business’s stock in a transaction dated Thursday, September 14th. The shares were acquired at an average price of $36.04 per share, for a total transaction of $45,050.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,250 shares of the company’s stock, valued at $45,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman James L. Janik sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $35.03, for a total transaction of $700,600.00. Following the sale, the chairman now owns 322,790 shares in the company, valued at approximately $11,307,333.70. The disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.
Shares of Douglas Dynamics, Inc. (PLOW) opened at 41.95 on Wednesday. The firm has a market cap of $947.65 million, a price-to-earnings ratio of 33.29 and a beta of 1.13. Douglas Dynamics, Inc. has a 12 month low of $25.23 and a 12 month high of $42.60. The company’s 50-day moving average is $39.70 and its 200-day moving average is $33.95.
Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings results on Monday, August 7th. The auto parts company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.11. Douglas Dynamics had a net margin of 6.16% and a return on equity of 14.96%. The business had revenue of $139.40 million for the quarter, compared to analyst estimates of $132.33 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The firm’s revenue was up 22.5% compared to the same quarter last year. On average, equities research analysts forecast that Douglas Dynamics, Inc. will post $1.50 earnings per share for the current fiscal year.
A number of research analysts have recently weighed in on PLOW shares. BidaskClub raised shares of Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. Zacks Investment Research raised shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $40.00.
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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