Cwm LLC Increases Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Cwm LLC increased its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 24.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,400 shares of the auto parts company’s stock after purchasing an additional 1,052 shares during the quarter. Cwm LLC’s holdings in Douglas Dynamics were worth $125,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Douglas Dynamics by 0.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,451,938 shares of the auto parts company’s stock worth $57,032,000 after buying an additional 11,297 shares in the last quarter. Millennium Management LLC grew its position in Douglas Dynamics by 27.3% during the fourth quarter. Millennium Management LLC now owns 43,823 shares of the auto parts company’s stock worth $1,036,000 after buying an additional 9,411 shares in the last quarter. GAMMA Investing LLC grew its position in Douglas Dynamics by 3,811.8% during the first quarter. GAMMA Investing LLC now owns 13,613 shares of the auto parts company’s stock worth $316,000 after buying an additional 13,265 shares in the last quarter. Nuveen Asset Management LLC grew its position in Douglas Dynamics by 80.6% during the fourth quarter. Nuveen Asset Management LLC now owns 138,392 shares of the auto parts company’s stock worth $3,270,000 after buying an additional 61,759 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in Douglas Dynamics by 72.7% during the first quarter. Teacher Retirement System of Texas now owns 132,214 shares of the auto parts company’s stock worth $3,071,000 after buying an additional 55,657 shares in 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 business’s stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $29.01, for a total value of $454,006.50. Following the completion of the sale, the director owned 40,136 shares of the company’s stock, valued at approximately $1,164,345.36. The trade was a 28.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.04% of the company’s stock.

Douglas Dynamics Price Performance

PLOW opened at $28.76 on Wednesday. The stock has a 50-day moving average price of $28.92 and a 200-day moving average price of $26.36. Douglas Dynamics, Inc. has a 12-month low of $21.30 and a 12-month high of $31.98. The company has a current ratio of 2.37, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $667.42 million, a P/E ratio of 10.57, a PEG ratio of 1.09 and a beta of 1.30.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.25. Douglas Dynamics had a return on equity of 15.17% and a net margin of 11.00%. The company had revenue of $115.07 million during the quarter, compared to analyst estimates of $107.80 million. During the same quarter in the previous year, the company posted ($0.29) EPS. 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 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PLOW. Wall Street Zen cut Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a report on Saturday. DA Davidson upped their price objective on Douglas Dynamics from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd.

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.