ClariVest Asset Management LLC boosted its position in Douglas Dynamics Inc. (NYSE:PLOW) by 11.7% during the second quarter, Holdings Channel reports. The firm owned 66,828 shares of the company’s stock after buying an additional 7,000 shares during the period. ClariVest Asset Management LLC’s holdings in Douglas Dynamics were worth $1,720,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC increased its stake in Douglas Dynamics by 37.7% in the first quarter. Lazard Asset Management LLC now owns 499,760 shares of the company’s stock worth $11,449,000 after buying an additional 136,712 shares during the period. Uniplan Investment Counsel Inc. increased its stake in Douglas Dynamics by 0.4% in the first quarter. Uniplan Investment Counsel Inc. now owns 215,284 shares of the company’s stock worth $4,932,000 after buying an additional 768 shares during the period. Gilman Hill Asset Management LLC increased its stake in Douglas Dynamics by 7.1% in the second quarter. Gilman Hill Asset Management LLC now owns 207,669 shares of the company’s stock worth $5,343,000 after buying an additional 13,703 shares during the period. Smith Asset Management Group LP increased its stake in Douglas Dynamics by 3.6% in the second quarter. Smith Asset Management Group LP now owns 133,760 shares of the company’s stock worth $3,442,000 after buying an additional 4,700 shares during the period. Finally, North Star Investment Management Corp. increased its stake in Douglas Dynamics by 1.7% in the second quarter. North Star Investment Management Corp. now owns 103,017 shares of the company’s stock worth $2,651,000 after buying an additional 1,728 shares during the period. Hedge funds and other institutional investors own 85.70% of the company’s stock.
Douglas Dynamics Inc. (NYSE:PLOW) traded up 1.15% on Wednesday, hitting $31.53. The company’s stock had a trading volume of 32,615 shares. Douglas Dynamics Inc. has a 1-year low of $16.89 and a 1-year high of $32.80. The company has a 50 day moving average price of $31.80 and a 200-day moving average price of $26.39. The company has a market capitalization of $709.46 million, a P/E ratio of 13.78 and a beta of 1.22.
Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings data on Monday, August 1st. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.26. Douglas Dynamics had a net margin of 12.84% and a return on equity of 22.47%. The business had revenue of $113.80 million for the quarter, compared to analyst estimates of $96.87 million. During the same period last year, the business posted $0.57 earnings per share. The firm’s quarterly revenue was up 6.2% on a year-over-year basis. On average, equities analysts forecast that Douglas Dynamics Inc. will post $1.63 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Tuesday, September 20th were issued a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, September 16th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 3.02%. Douglas Dynamics’s payout ratio is 41.23%.
A number of equities research analysts have weighed in on PLOW shares. Zacks Investment Research downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, June 22nd. Seaport Global Securities downgraded Douglas Dynamics from a “buy” rating to a “neutral” rating and set a $24.00 target price for the company. in a research report on Wednesday, July 6th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $28.33.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc is a manufacturer of vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, SNOWEX and WESTERN brands; turf care equipment under the TURFEX brand, and industrial maintenance equipment under the SWEEPEX brand.
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