Mirae Asset Global Investments Co. Ltd. Acquires New Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,408 shares of the auto parts company’s stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SG Americas Securities LLC increased its position in Douglas Dynamics by 84.8% in the fourth quarter. SG Americas Securities LLC now owns 7,579 shares of the auto parts company’s stock worth $225,000 after buying an additional 3,478 shares in the last quarter. Wellington Management Group LLP increased its position in Douglas Dynamics by 32.8% in the third quarter. Wellington Management Group LLP now owns 259,918 shares of the auto parts company’s stock worth $7,844,000 after buying an additional 64,200 shares in the last quarter. Comerica Bank increased its position in Douglas Dynamics by 10.1% in the third quarter. Comerica Bank now owns 233,458 shares of the auto parts company’s stock worth $7,046,000 after buying an additional 21,511 shares in the last quarter. GSA Capital Partners LLP increased its position in Douglas Dynamics by 260.9% in the third quarter. GSA Capital Partners LLP now owns 63,333 shares of the auto parts company’s stock worth $1,911,000 after buying an additional 45,785 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in Douglas Dynamics in the third quarter worth about $359,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Robert W. Baird reaffirmed a “neutral” rating and issued a $25.00 price objective (down previously from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th.

Douglas Dynamics Stock Performance

NYSE PLOW opened at $22.38 on Friday. The firm has a market cap of $514.29 million, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14. The company has a quick ratio of 1.01, a current ratio of 2.21 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $23.60 and a 200-day moving average price of $26.28. Douglas Dynamics, Inc. has a twelve month low of $21.42 and a twelve month high of $35.39.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.12. The firm had revenue of $134.25 million during the quarter, compared to analyst estimates of $134.00 million. Douglas Dynamics had a return on equity of 10.18% and a net margin of 4.18%. As a group, equities research analysts predict that Douglas Dynamics, Inc. will post 1.46 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 5.27%. The ex-dividend date was Friday, March 15th. Douglas Dynamics’s payout ratio is presently 122.92%.

About Douglas Dynamics

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through 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 trucks and heavy duty trucks, as well as various related parts and accessories.