Douglas Dynamics, Inc. (NYSE:PLOW) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,780 shares of the auto parts company’s stock after buying an additional 5,879 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.30% of Douglas Dynamics worth $1,625,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of PLOW. US Bancorp DE raised its holdings in Douglas Dynamics by 15.6% in the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock valued at $72,000 after acquiring an additional 413 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Douglas Dynamics by 4.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the auto parts company’s stock valued at $307,000 after purchasing an additional 591 shares during the last quarter. Wellington Management Group LLP lifted its position in Douglas Dynamics by 0.3% during the fourth quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company’s stock worth $6,625,000 after buying an additional 750 shares during the period. Versor Investments LP lifted its position in Douglas Dynamics by 15.5% during the fourth quarter. Versor Investments LP now owns 22,400 shares of the auto parts company’s stock worth $529,000 after buying an additional 3,000 shares during the period. Finally, Bank of America Corp DE boosted its stake in Douglas Dynamics by 1.1% in the 4th quarter. Bank of America Corp DE now owns 274,978 shares of the auto parts company’s stock worth $6,498,000 after buying an additional 3,089 shares during the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

Insider Transactions at Douglas Dynamics

In other news, Director James L. Janik sold 15,650 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $29.01, for a total transaction of $454,006.50. Following the transaction, the director now directly owns 40,136 shares of the company’s stock, valued at approximately $1,164,345.36. The trade was a 28.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PLOW. Wall Street Zen raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. DA Davidson reaffirmed a “buy” rating and set a $32.00 price target on shares of Douglas Dynamics in a research report on Tuesday, February 25th.

Douglas Dynamics Stock Performance

NYSE PLOW opened at $27.80 on Monday. 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, Inc. has a 1-year low of $21.30 and a 1-year high of $30.98. The firm has a market capitalization of $645.30 million, a P/E ratio of 12.09, a P/E/G ratio of 1.14 and a beta of 1.29. The business’s 50-day simple moving average is $25.41 and its 200-day simple moving average is $25.14.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, May 5th. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.25. Douglas Dynamics had a net margin of 9.89% and a return on equity of 12.68%. The company had revenue of $115.07 million during the quarter, compared to the consensus estimate of $107.80 million. During the same period in the previous year, the firm earned ($0.29) earnings per share. Douglas Dynamics’s revenue for the quarter was up 20.3% on a year-over-year basis. Equities analysts predict that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

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.