Douglas Dynamics Inc (PLOW) Insider Jonathon P. Sievert Sells 1,200 Shares
Douglas Dynamics Inc (NYSE:PLOW) insider Jonathon P. Sievert sold 1,200 shares of the stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $43.30, for a total transaction of $51,960.00. Following the completion of the transaction, the insider now directly owns 9,884 shares of the company’s stock, valued at $427,977.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of NYSE PLOW traded up $0.25 on Friday, reaching $43.40. 59,791 shares of the company’s stock traded hands, compared to its average volume of 84,501. Douglas Dynamics Inc has a 12 month low of $32.70 and a 12 month high of $49.50. The company has a market capitalization of $978.19 million, a price-to-earnings ratio of 31.80, a P/E/G ratio of 1.39 and a beta of 1.15. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.98 and a current ratio of 3.77.
Douglas Dynamics (NYSE:PLOW) last announced its earnings results on Monday, August 6th. The auto parts company reported $1.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.24. Douglas Dynamics had a net margin of 12.36% and a return on equity of 16.07%. The business had revenue of $163.40 million during the quarter, compared to the consensus estimate of $148.28 million. During the same quarter last year, the firm earned $0.64 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. analysts forecast that Douglas Dynamics Inc will post 2.08 earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, August 11th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Douglas Dynamics has an average rating of “Buy” and a consensus target price of $47.67.
About Douglas Dynamics
Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily in North America. It operates in 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 and heavy duty trucks, as well as various related parts and accessories.
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