Jane Street Group LLC Sells 5,579 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Jane Street Group LLC reduced its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 8.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,116 shares of the auto parts company’s stock after selling 5,579 shares during the quarter. Jane Street Group LLC owned 0.26% of Douglas Dynamics worth $1,444,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Douglas Dynamics by 0.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company’s stock worth $57,819,000 after purchasing an additional 20,233 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Douglas Dynamics by 3.3% in the 4th quarter. Pzena Investment Management LLC now owns 1,679,041 shares of the auto parts company’s stock worth $39,676,000 after purchasing an additional 54,221 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Douglas Dynamics by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 954,671 shares of the auto parts company’s stock worth $22,559,000 after purchasing an additional 44,063 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Douglas Dynamics by 18.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 909,283 shares of the auto parts company’s stock worth $21,487,000 after purchasing an additional 143,853 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Douglas Dynamics by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 521,052 shares of the auto parts company’s stock worth $12,316,000 after purchasing an additional 4,595 shares in the last quarter. 91.85% of the stock is currently owned by institutional investors.

Douglas Dynamics Trading Down 0.9%

Shares of PLOW stock opened at $28.61 on Tuesday. The stock has a market capitalization of $664.01 million, a PE ratio of 12.44, a P/E/G ratio of 1.14 and a beta of 1.25. Douglas Dynamics, Inc. has a 1-year low of $21.30 and a 1-year high of $30.98. The business has a 50-day moving average of $24.39 and a 200 day moving average of $24.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings results on Monday, May 5th. The auto parts company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.25. The business had revenue of $115.07 million during the quarter, compared to analyst estimates of $107.80 million. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. Douglas Dynamics’s quarterly revenue was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.29) EPS. As a group, sell-side analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 43.38%.

Insider Activity at Douglas Dynamics

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $29.01, for a total transaction of $454,006.50. Following the sale, the director now directly owns 40,136 shares in the company, valued at approximately $1,164,345.36. This trade represents a 28.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. DA Davidson restated a “buy” rating and set a $32.00 target price on shares of Douglas Dynamics in a report on Tuesday, February 25th.

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.