Douglas Dynamics, Inc. (NYSE:PLOW) Stock Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 3,811.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,613 shares of the auto parts company’s stock after purchasing an additional 13,265 shares during the period. GAMMA Investing LLC owned about 0.06% of Douglas Dynamics worth $316,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. US Bancorp DE boosted its holdings in Douglas Dynamics by 15.6% in the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Douglas Dynamics during the 4th quarter valued at $111,000. State of Wyoming bought a new stake in shares of Douglas Dynamics in the fourth quarter valued at about $153,000. Aquatic Capital Management LLC lifted its position in shares of Douglas Dynamics by 358.9% in the 4th quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company’s stock worth $184,000 after acquiring an additional 6,102 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in Douglas Dynamics during the fourth quarter worth $219,000. Institutional investors own 91.85% of the company’s stock.

Insider Buying and Selling at Douglas Dynamics

In related news, Director James L. Janik sold 15,650 shares of the firm’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $29.01, for a total value of $454,006.50. Following the transaction, the director now owns 40,136 shares of the company’s stock, valued at approximately $1,164,345.36. This trade represents a 28.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PLOW shares. Wall Street Zen upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. DA Davidson reissued a “buy” rating and set a $32.00 price objective on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Douglas Dynamics Stock Performance

Shares of NYSE PLOW opened at $28.17 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.70 and a current ratio of 2.37. The stock has a 50 day moving average price of $26.65 and a 200 day moving average price of $25.35. The stock has a market capitalization of $653.83 million, a PE ratio of 10.36, a price-to-earnings-growth ratio of 1.25 and a beta of 1.29. Douglas Dynamics, Inc. has a 52 week low of $21.30 and a 52 week high of $30.98.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.25. The firm had revenue of $115.07 million for the quarter, compared to analysts’ expectations of $107.80 million. Douglas Dynamics had a net margin of 11.00% and a return on equity of 15.17%. The business’s revenue was up 20.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.29) EPS. Analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Tuesday, June 17th. Douglas Dynamics’s dividend payout ratio is currently 43.38%.

Douglas Dynamics Profile

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.