James L. Janik Sells 8,603 Shares of Douglas Dynamics Inc (NYSE:PLOW) Stock

Douglas Dynamics Inc (NYSE:PLOW) Chairman James L. Janik sold 8,603 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $44.03, for a total value of $378,790.09. Following the transaction, the chairman now directly owns 151,605 shares of the company’s stock, valued at approximately $6,675,168.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

PLOW stock traded up $0.73 during trading hours on Friday, hitting $44.65. 2,015 shares of the stock traded hands, compared to its average volume of 47,860. The stock has a 50-day simple moving average of $41.86 and a 200 day simple moving average of $39.41. Douglas Dynamics Inc has a one year low of $33.54 and a one year high of $47.65. The company has a market cap of $974.73 million, a P/E ratio of 23.33 and a beta of 0.59. The company has a current ratio of 2.52, a quick ratio of 1.37 and a debt-to-equity ratio of 0.89.

Douglas Dynamics (NYSE:PLOW) last announced its earnings results on Monday, August 5th. The auto parts company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.12. Douglas Dynamics had a return on equity of 17.35% and a net margin of 9.12%. The business had revenue of $176.40 million during the quarter, compared to analysts’ expectations of $161.77 million. During the same quarter last year, the business posted $1.02 earnings per share. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Analysts forecast that Douglas Dynamics Inc will post 2.1 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.273 per share. This represents a $1.09 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Thursday, September 19th. Douglas Dynamics’s dividend payout ratio is 57.67%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Douglas Dynamics during the second quarter valued at $26,000. SRS Capital Advisors Inc. purchased a new stake in shares of Douglas Dynamics during the second quarter valued at $41,000. Bank of Montreal Can lifted its holdings in shares of Douglas Dynamics by 393.1% during the second quarter. Bank of Montreal Can now owns 2,367 shares of the auto parts company’s stock valued at $94,000 after purchasing an additional 1,887 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Douglas Dynamics during the first quarter valued at $120,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Douglas Dynamics by 332.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,903 shares of the auto parts company’s stock valued at $154,000 after purchasing an additional 3,000 shares during the last quarter. 89.41% of the stock is owned by institutional investors and hedge funds.

PLOW has been the subject of several research reports. TheStreet raised Douglas Dynamics from a “c+” rating to an “a-” rating in a research note on Thursday, August 8th. Zacks Investment Research raised Douglas Dynamics from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Friday, August 16th.

About Douglas Dynamics

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment primarily in North America. It operates in two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light and heavy duty trucks, as well as various related parts and accessories.

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