Nisa Investment Advisors LLC Reduces Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Nisa Investment Advisors LLC reduced its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 78.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,646 shares of the auto parts company’s stock after selling 9,612 shares during the period. Nisa Investment Advisors LLC’s holdings in Douglas Dynamics were worth $61,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of PLOW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings 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 worth $307,000 after purchasing an additional 591 shares during the period. Wellington Management Group LLP increased its position in Douglas Dynamics by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company’s stock valued at $6,625,000 after buying an additional 750 shares in the last quarter. Rhumbline Advisers raised its stake in Douglas Dynamics by 3.9% during the first quarter. Rhumbline Advisers now owns 34,313 shares of the auto parts company’s stock valued at $797,000 after buying an additional 1,286 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Douglas Dynamics by 1.1% during the fourth quarter. Bank of America Corp DE now owns 274,978 shares of the auto parts company’s stock valued at $6,498,000 after acquiring an additional 3,089 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in shares of Douglas Dynamics by 50.5% in the 4th quarter. Point72 Asset Management L.P. now owns 10,680 shares of the auto parts company’s stock worth $252,000 after purchasing an additional 3,585 shares during the last quarter. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Douglas Dynamics

In other news, Director James L. Janik sold 15,650 shares of the firm’s stock in a transaction on Friday, May 16th. The stock was sold at an average price of $29.01, for a total value of $454,006.50. Following the transaction, the director directly owned 40,136 shares in the company, valued at $1,164,345.36. This trade represents a 28.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 2.50% of the stock is owned by insiders.

Douglas Dynamics Trading Down 1.1%

Shares of NYSE:PLOW opened at $28.76 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 0.70. Douglas Dynamics, Inc. has a 1 year low of $21.30 and a 1 year high of $31.98. The company has a market cap of $667.52 million, a P/E ratio of 10.57, a PEG ratio of 1.09 and a beta of 1.30. The stock’s fifty day moving average price is $28.88 and its 200-day moving average price is $26.08.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share for the quarter, topping 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 15.17% and a net margin of 11.00%. Douglas Dynamics’s revenue was up 20.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.29) EPS. Sell-side analysts expect that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.295 per share. The ex-dividend date was Tuesday, June 17th. This represents a $1.18 dividend on an annualized basis and a yield of 4.10%. Douglas Dynamics’s dividend payout ratio is presently 43.38%.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a report on Friday.

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.