Systematic Financial Management LP Reduces Stake in Douglas Dynamics, Inc. (PLOW)

Systematic Financial Management LP decreased its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 5.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 312,539 shares of the auto parts company’s stock after selling 16,983 shares during the quarter. Systematic Financial Management LP owned 1.38% of Douglas Dynamics worth $12,314,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of Douglas Dynamics by 2.6% during the 2nd quarter. Wells Fargo & Company MN now owns 1,471,309 shares of the auto parts company’s stock valued at $48,406,000 after acquiring an additional 37,147 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Douglas Dynamics by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,389,370 shares of the auto parts company’s stock valued at $45,710,000 after acquiring an additional 82,348 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Douglas Dynamics by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 914,005 shares of the auto parts company’s stock valued at $30,071,000 after acquiring an additional 20,006 shares in the last quarter. Bernzott Capital Advisors boosted its position in shares of Douglas Dynamics by 5.2% during the 2nd quarter. Bernzott Capital Advisors now owns 858,629 shares of the auto parts company’s stock valued at $28,249,000 after acquiring an additional 42,650 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its position in shares of Douglas Dynamics by 336.5% during the 2nd quarter. Westwood Holdings Group Inc. now owns 630,684 shares of the auto parts company’s stock valued at $20,749,000 after acquiring an additional 486,195 shares in the last quarter. Institutional investors own 89.74% of the company’s stock.

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Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Douglas Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. BidaskClub lowered shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 10th. One 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 currently has a consensus rating of “Hold” and an average price target of $40.00.

In other news, CFO Sarah C. Lauber purchased 1,250 shares of Douglas Dynamics stock in a transaction on Thursday, September 14th. The shares were purchased at an average cost of $36.04 per share, for a total transaction of $45,050.00. Following the completion of the transaction, the chief financial officer now directly owns 1,250 shares in the company, valued at $45,050. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman James L. Janik sold 20,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $35.03, for a total transaction 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 disclosure for this sale can be found here. 3.20% of the stock is owned by insiders.

Shares of Douglas Dynamics, Inc. (NYSE PLOW) traded down $0.50 during trading on Thursday, hitting $41.05. 51,400 shares of the stock traded hands, compared to its average volume of 99,313. The company has a debt-to-equity ratio of 1.35, a quick ratio of 1.76 and a current ratio of 2.97. Douglas Dynamics, Inc. has a 1-year low of $28.55 and a 1-year high of $42.60. The firm has a market cap of $938.65, a price-to-earnings ratio of 31.01, a P/E/G ratio of 1.96 and a beta of 1.16.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings results on Monday, November 6th. The auto parts company reported $0.40 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.05). The firm had revenue of $125.30 million during the quarter, compared to analyst estimates of $133.53 million. Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. Douglas Dynamics’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share. sell-side analysts predict that Douglas Dynamics, Inc. will post 1.41 earnings per share for the current year.

Douglas Dynamics 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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Institutional Ownership by Quarter for Douglas Dynamics (NYSE:PLOW)

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