AlphaQuest LLC Has $176,000 Holdings in Douglas Dynamics, Inc. $PLOW

AlphaQuest LLC decreased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 27.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,962 shares of the auto parts company’s stock after selling 2,256 shares during the period. AlphaQuest LLC’s holdings in Douglas Dynamics were worth $176,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PLOW. Pzena Investment Management LLC increased its stake in shares of Douglas Dynamics by 0.4% in the second quarter. Pzena Investment Management LLC now owns 2,281,587 shares of the auto parts company’s stock worth $67,238,000 after purchasing an additional 8,584 shares during the period. Vanguard Group Inc. grew its holdings in Douglas Dynamics by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,317,898 shares of the auto parts company’s stock valued at $30,615,000 after buying an additional 26,118 shares during the last quarter. Invenomic Capital Management LP increased its position in Douglas Dynamics by 60.5% in the 1st quarter. Invenomic Capital Management LP now owns 490,603 shares of the auto parts company’s stock worth $11,397,000 after buying an additional 184,941 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Douglas Dynamics by 48.3% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 379,660 shares of the auto parts company’s stock worth $8,820,000 after buying an additional 123,580 shares during the last quarter. Finally, Systematic Financial Management LP lifted its holdings in shares of Douglas Dynamics by 10.6% during the first quarter. Systematic Financial Management LP now owns 305,804 shares of the auto parts company’s stock worth $7,104,000 after buying an additional 29,351 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors.

Douglas Dynamics Trading Down 2.0%

Shares of PLOW stock opened at $29.63 on Tuesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 2.11. The firm has a fifty day moving average of $31.79 and a 200-day moving average of $29.72. Douglas Dynamics, Inc. has a 52-week low of $21.30 and a 52-week high of $34.25. The stock has a market cap of $682.70 million, a price-to-earnings ratio of 10.62, a P/E/G ratio of 1.13 and a beta of 1.29.

Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, August 4th. The auto parts company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.30. The business had revenue of $194.33 million for the quarter, compared to analysts’ expectations of $189.47 million. Douglas Dynamics had a net margin of 11.38% and a return on equity of 15.16%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share. On average, equities research analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 16th. Douglas Dynamics’s dividend payout ratio is currently 42.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on PLOW shares. DA Davidson boosted their target price on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Wall Street Zen lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Douglas Dynamics in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $34.00.

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.