Confluence Wealth Services Inc. acquired a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW – Get Rating) during the 4th quarter, Holdings Channel.com reports. The fund acquired 876 shares of the auto parts company’s stock, valued at approximately $34,000.
Other large investors have also bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Douglas Dynamics by 102.0% during the third quarter. Goldman Sachs Group Inc. now owns 224,461 shares of the auto parts company’s stock worth $8,148,000 after acquiring an additional 113,316 shares in the last quarter. Mcmorgan & Co. LLC boosted its stake in Douglas Dynamics by 10.4% during the third quarter. Mcmorgan & Co. LLC now owns 33,736 shares of the auto parts company’s stock worth $1,225,000 after acquiring an additional 3,175 shares in the last quarter. Comerica Bank boosted its stake in Douglas Dynamics by 11.2% during the third quarter. Comerica Bank now owns 207,201 shares of the auto parts company’s stock worth $7,919,000 after acquiring an additional 20,822 shares in the last quarter. Barclays PLC boosted its stake in Douglas Dynamics by 163.2% during the third quarter. Barclays PLC now owns 18,889 shares of the auto parts company’s stock worth $686,000 after acquiring an additional 11,711 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Douglas Dynamics during the fourth quarter worth about $84,007,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.
In other Douglas Dynamics news, VP Linda R. Evans sold 1,122 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $35.91, for a total transaction of $40,291.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Keith Hagelin sold 2,540 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $35.91, for a total transaction of $91,211.40. The disclosure for this sale can be found here. Insiders have sold 17,810 shares of company stock valued at $639,557 over the last three months. 2.50% of the stock is owned by corporate insiders.
Shares of NYSE PLOW opened at $29.71 on Thursday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.78 and a current ratio of 2.76. The firm’s 50 day moving average price is $33.03 and its 200-day moving average price is $36.96. Douglas Dynamics, Inc. has a 52-week low of $29.14 and a 52-week high of $45.74. The company has a market cap of $680.06 million, a PE ratio of 27.01 and a beta of 0.89.
Douglas Dynamics (NYSE:PLOW – Get Rating) last released its quarterly earnings data on Monday, May 2nd. The auto parts company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04). Douglas Dynamics had a net margin of 4.82% and a return on equity of 15.62%. The company had revenue of $102.60 million for the quarter. During the same period last year, the firm earned ($0.02) earnings per share. On average, analysts forecast that Douglas Dynamics, Inc. will post 1.72 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Friday, March 18th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.90%. This is a boost from Douglas Dynamics’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Thursday, March 17th. Douglas Dynamics’s payout ratio is presently 105.45%.
Douglas Dynamics Company Profile (Get Rating)
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.
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