Douglas Dynamics Inc (NYSE:PLOW) insider James L. Janik sold 42,380 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $44.00, for a total value of $1,864,720.00. Following the transaction, the insider now owns 197,305 shares of the company’s stock, valued at $8,681,420. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NYSE:PLOW opened at $42.60 on Thursday. The stock has a market capitalization of $992.06 million, a price-to-earnings ratio of 22.54 and a beta of 0.67. The company has a fifty day moving average of $40.50. Douglas Dynamics Inc has a 12-month low of $33.54 and a 12-month high of $47.65. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.37 and a current ratio of 2.52.
Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, August 5th. The auto parts company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.12. The firm had revenue of $176.40 million during the quarter, compared to analyst estimates of $161.77 million. Douglas Dynamics had a return on equity of 17.35% and a net margin of 9.12%. Douglas Dynamics’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $1.02 earnings per share. Equities analysts anticipate that Douglas Dynamics Inc will post 1.95 earnings per share for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Aperio Group LLC boosted its holdings in Douglas Dynamics by 3.7% in the second quarter. Aperio Group LLC now owns 9,169 shares of the auto parts company’s stock valued at $365,000 after purchasing an additional 330 shares during the period. Panagora Asset Management Inc. boosted its holdings in Douglas Dynamics by 2.3% in the second quarter. Panagora Asset Management Inc. now owns 19,141 shares of the auto parts company’s stock valued at $762,000 after purchasing an additional 432 shares during the period. Legal & General Group Plc boosted its holdings in Douglas Dynamics by 12.5% in the fourth quarter. Legal & General Group Plc now owns 4,205 shares of the auto parts company’s stock valued at $151,000 after purchasing an additional 466 shares during the period. Point72 Hong Kong Ltd purchased a new position in Douglas Dynamics in the second quarter valued at $26,000. Finally, Northern Trust Corp boosted its holdings in Douglas Dynamics by 0.3% in the second quarter. Northern Trust Corp now owns 283,548 shares of the auto parts company’s stock valued at $11,282,000 after purchasing an additional 740 shares during the period. Hedge funds and other institutional investors own 89.00% of the company’s stock.
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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