Douglas Dynamics, Inc. (PLOW) Shares Bought by Geode Capital Management LLC
Geode Capital Management LLC boosted its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 6.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,479 shares of the auto parts company’s stock after buying an additional 10,074 shares during the period. Geode Capital Management LLC owned approximately 0.78% of Douglas Dynamics worth $5,378,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Toronto Dominion Bank increased its stake in Douglas Dynamics by 0.6% in the first quarter. Toronto Dominion Bank now owns 3,250 shares of the auto parts company’s stock valued at $100,000 after buying an additional 20 shares in the last quarter. ClariVest Asset Management LLC increased its stake in Douglas Dynamics by 5.3% in the first quarter. ClariVest Asset Management LLC now owns 6,060 shares of the auto parts company’s stock valued at $185,000 after buying an additional 303 shares in the last quarter. Sapphire Star Partners LP bought a new stake in Douglas Dynamics during the first quarter valued at about $214,000. Blair William & Co. IL bought a new stake in Douglas Dynamics during the first quarter valued at about $275,000. Finally, Vident Investment Advisory LLC bought a new stake in Douglas Dynamics during the first quarter valued at about $278,000. Hedge funds and other institutional investors own 85.44% of the company’s stock.
Douglas Dynamics, Inc. (NYSE PLOW) traded down 0.59% on Friday, hitting $33.80. 155,254 shares of the stock traded hands. The company’s 50 day moving average price is $32.02 and its 200-day moving average price is $31.63. The stock has a market cap of $763.54 million, a price-to-earnings ratio of 26.83 and a beta of 1.14. Douglas Dynamics, Inc. has a 52-week low of $25.23 and a 52-week high of $35.90.
Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, August 7th. The auto parts company reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.11. Douglas Dynamics had a net margin of 6.16% and a return on equity of 14.96%. The company had revenue of $139.40 million during the quarter, compared to analysts’ expectations of $132.33 million. During the same quarter in the prior year, the company posted $0.71 earnings per share. Douglas Dynamics’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, analysts forecast that Douglas Dynamics, Inc. will post $1.50 earnings per share for the current fiscal year.
Several research firms have issued reports on PLOW. Zacks Investment Research upgraded Douglas Dynamics from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Saturday. BidaskClub downgraded Douglas Dynamics from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Douglas Dynamics in a research report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Douglas Dynamics currently has a consensus rating of “Hold” and a consensus price target of $40.00.
Douglas Dynamics Company Profile
Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.
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