Robert L. Mccormick Sells 15,000 Shares of Douglas Dynamics Inc (PLOW) Stock

Douglas Dynamics Inc (NYSE:PLOW) VP Robert L. Mccormick sold 15,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $40.08, for a total transaction of $601,200.00. Following the completion of the sale, the vice president now directly owns 116,263 shares of the company’s stock, valued at $4,659,821.04. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Douglas Dynamics Inc (NYSE:PLOW) remained flat at $$40.05 during midday trading on Monday. 53,927 shares of the stock were exchanged, compared to its average volume of 70,940. Douglas Dynamics Inc has a twelve month low of $28.55 and a twelve month high of $42.60. The company has a market capitalization of $910.41, a PE ratio of 29.67, a PEG ratio of 1.55 and a beta of 1.12. 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 (NYSE:PLOW) last issued its quarterly earnings results on Monday, November 6th. The auto parts company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). Douglas Dynamics had a net margin of 6.59% and a return on equity of 13.98%. The business had revenue of $125.30 million for the quarter, compared to analysts’ expectations of $133.53 million. During the same period last year, the business earned $0.32 earnings per share. The company’s revenue was up 1.4% on a year-over-year basis. analysts expect that Douglas Dynamics Inc will post 1.41 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were given a dividend of $0.24 per share. The ex-dividend date was Monday, December 18th. This represents a $0.96 dividend on an annualized basis and a yield of 2.40%. Douglas Dynamics’s dividend payout ratio (DPR) is currently 71.11%.

PLOW has been the subject of several research analyst reports. BidaskClub raised shares of Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Zacks Investment Research cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, ValuEngine cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Douglas Dynamics currently has an average rating of “Hold” and a consensus target price of $40.00.

A number of hedge funds and other institutional investors have recently modified their holdings of PLOW. Schwab Charles Investment Management Inc. raised its holdings in Douglas Dynamics by 10.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 106,179 shares of the auto parts company’s stock worth $3,494,000 after buying an additional 9,667 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Douglas Dynamics by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 353,863 shares of the auto parts company’s stock worth $11,643,000 after buying an additional 15,566 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Douglas Dynamics by 8.1% in the second quarter. Victory Capital Management Inc. now owns 13,859 shares of the auto parts company’s stock worth $456,000 after buying an additional 1,035 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Douglas Dynamics by 4.5% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 12,458 shares of the auto parts company’s stock worth $410,000 after buying an additional 531 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Douglas Dynamics by 2.6% in the second quarter. Wells Fargo & Company MN now owns 1,471,309 shares of the auto parts company’s stock worth $48,406,000 after buying an additional 37,147 shares during the last quarter. 90.23% of the stock is owned by institutional investors.

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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.

Insider Buying and Selling by Quarter for Douglas Dynamics (NYSE:PLOW)

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