We Are One Seven LLC purchased a new stake in shares of Douglas Dynamics Inc (NYSE:PLOW) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,949 shares of the auto parts company’s stock, valued at approximately $305,000.

Other large investors have also made changes to their positions in the company. Lido Advisors LLC purchased a new position in Douglas Dynamics during the 2nd quarter valued at about $217,000. Advisors Asset Management Inc. increased its holdings in Douglas Dynamics by 852.7% during the 2nd quarter. Advisors Asset Management Inc. now owns 46,873 shares of the auto parts company’s stock valued at $224,000 after purchasing an additional 41,953 shares during the period. Principal Financial Group Inc. bought a new stake in Douglas Dynamics during the 1st quarter valued at approximately $244,000. Xact Kapitalforvaltning AB bought a new stake in Douglas Dynamics during the 1st quarter valued at approximately $293,000. Finally, Zacks Investment Management bought a new stake in Douglas Dynamics during the 2nd quarter valued at approximately $307,000. Institutional investors own 98.67% of the company’s stock.

Douglas Dynamics stock opened at $42.00 on Friday. The company has a current ratio of 3.77, a quick ratio of 1.98 and a debt-to-equity ratio of 1.01. The company has a market cap of $991.74 million, a price-to-earnings ratio of 30.46 and a beta of 1.09. Douglas Dynamics Inc has a fifty-two week low of $36.20 and a fifty-two week high of $49.50.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, August 6th. The auto parts company reported $1.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.24. The business had revenue of $163.40 million for the quarter, compared to analysts’ expectations of $148.28 million. Douglas Dynamics had a return on equity of 16.07% and a net margin of 12.36%. The business’s revenue was up 17.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. As a group, analysts forecast that Douglas Dynamics Inc will post 2.08 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Tuesday, September 18th were given a $0.265 dividend. The ex-dividend date of this dividend was Monday, September 17th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.52%. Douglas Dynamics’s dividend payout ratio is currently 77.94%.

In other news, insider Jonathon P. Sievert sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $43.30, for a total value of $51,960.00. Following the sale, the insider now directly owns 9,884 shares of the company’s stock, valued at approximately $427,977.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman James L. Janik sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $44.89, for a total value of $1,122,250.00. Following the completion of the sale, the chairman now directly owns 239,030 shares in the company, valued at $10,730,056.70. The disclosure for this sale can be found here. Insiders own 3.10% of the company’s stock.

Separately, Zacks Investment Research cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target 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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Institutional Ownership by Quarter for Douglas Dynamics (NYSE:PLOW)

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