First Trust Advisors LP lifted its stake in Douglas Dynamics Inc (NYSE:PLOW) by 63.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,736 shares of the auto parts company’s stock after purchasing an additional 34,123 shares during the period. First Trust Advisors LP’s holdings in Douglas Dynamics were worth $3,316,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in Douglas Dynamics by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,735 shares of the auto parts company’s stock valued at $584,000 after acquiring an additional 485 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Douglas Dynamics by 10.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,727 shares of the auto parts company’s stock valued at $541,000 after acquiring an additional 1,269 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Douglas Dynamics by 8.2% during the third quarter. SG Americas Securities LLC now owns 23,801 shares of the auto parts company’s stock worth $938,000 after buying an additional 1,795 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of Douglas Dynamics during the third quarter worth about $100,000. Finally, Cadence Capital Management LLC grew its holdings in shares of Douglas Dynamics by 7.8% during the fourth quarter. Cadence Capital Management LLC now owns 40,833 shares of the auto parts company’s stock worth $1,543,000 after buying an additional 2,959 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.
Shares of Douglas Dynamics Inc (NYSE:PLOW) opened at $46.90 on Wednesday. The company has a market cap of $1,045.96, a PE ratio of 19.54, a PEG ratio of 1.55 and a beta of 1.15. Douglas Dynamics Inc has a twelve month low of $28.55 and a twelve month high of $47.40. The company has a current ratio of 2.45, a quick ratio of 1.47 and a debt-to-equity ratio of 1.07.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Thursday, March 22nd will be issued a dividend of $0.265 per share. The ex-dividend date is Wednesday, March 21st. This is an increase from Douglas Dynamics’s previous quarterly dividend of $0.24. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.26%. Douglas Dynamics’s payout ratio is 40.00%.
In related news, VP Robert J. Young sold 818 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $43.49, for a total value of $35,574.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Andrew Dejana sold 741 shares of the firm’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $43.49, for a total transaction of $32,226.09. The disclosure for this sale can be found here. Insiders sold 58,731 shares of company stock worth $2,411,842 over the last three months. Corporate insiders own 3.20% of the company’s stock.
PLOW has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Douglas Dynamics from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. ValuEngine downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Craig Hallum set a $50.00 price target on shares of Douglas Dynamics and gave the stock a “buy” rating in a report on Wednesday, February 28th. Finally, Robert W. Baird reiterated a “hold” rating and set a $44.00 price target on shares of Douglas Dynamics in a report on Thursday, March 1st. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $47.67.
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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