Douglas Dynamics Inc (NYSE:PLOW) announced its quarterly earnings data on Monday. The auto parts company reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.08. Douglas Dynamics had a net margin of 10.73% and a return on equity of 19.72%. The company had revenue of $72.20 million for the quarter, compared to the consensus estimate of $78.34 million. During the same period last year, the business posted ($0.04) earnings per share. The firm’s quarterly revenue was up 48.0% compared to the same quarter last year. Douglas Dynamics updated its FY17 guidance to $1.20-1.80 EPS.
Shares of Douglas Dynamics (NYSE:PLOW) traded up 1.04% during mid-day trading on Friday, reaching $29.20. 88,660 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $30.97 and a 200 day moving average price of $31.84. Douglas Dynamics has a 12-month low of $20.03 and a 12-month high of $35.90. The firm has a market capitalization of $659.63 million, a price-to-earnings ratio of 21.97 and a beta of 1.21.
In other news, SVP Mark Adamson sold 5,178 shares of the firm’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $32.46, for a total value of $168,077.88. Following the transaction, the senior vice president now directly owns 68,647 shares of the company’s stock, valued at $2,228,281.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert L. Mccormick sold 10,951 shares of Douglas Dynamics stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $32.47, for a total transaction of $355,578.97. Following the transaction, the chief financial officer now directly owns 142,214 shares in the company, valued at $4,617,688.58. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Toronto Dominion Bank increased its position in shares of Douglas Dynamics by 0.6% in the first quarter. Toronto Dominion Bank now owns 3,250 shares of the auto parts company’s stock worth $100,000 after buying an additional 20 shares during the period. Cadence Capital Management LLC increased its position in shares of Douglas Dynamics by 0.8% in the fourth quarter. Cadence Capital Management LLC now owns 18,071 shares of the auto parts company’s stock worth $608,000 after buying an additional 149 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Douglas Dynamics by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 16,323 shares of the auto parts company’s stock worth $500,000 after buying an additional 255 shares during the period. ClariVest Asset Management LLC increased its position in shares of 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 worth $185,000 after buying an additional 303 shares during the period. Finally, Anchor Capital Advisors LLC increased its position in shares of Douglas Dynamics by 1.6% in the third quarter. Anchor Capital Advisors LLC now owns 24,758 shares of the auto parts company’s stock worth $791,000 after buying an additional 394 shares during the period. 86.47% of the stock is currently owned by institutional investors.
Several analysts recently issued reports on PLOW shares. Craig Hallum started coverage on Douglas Dynamics in a research note on Tuesday, January 24th. They issued a “buy” rating and a $42.00 target price on the stock. Zacks Investment Research cut Douglas Dynamics from a “hold” rating to a “sell” rating in a research note on Friday, March 10th. Sidoti started coverage on Douglas Dynamics in a research note on Monday, February 27th. They issued a “buy” rating on the stock. Finally, Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Douglas Dynamics in a research note on Monday, May 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $34.00.
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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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