Uniplan Investment Counsel Inc. Decreases Holdings in Douglas Dynamics Inc (NYSE:PLOW)

Uniplan Investment Counsel Inc. decreased its position in Douglas Dynamics Inc (NYSE:PLOW) by 59.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 230,022 shares of the auto parts company’s stock after selling 335,080 shares during the period. Uniplan Investment Counsel Inc. owned about 1.02% of Douglas Dynamics worth $9,062,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in shares of Douglas Dynamics by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 16,323 shares of the auto parts company’s stock worth $500,000 after purchasing an additional 255 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Douglas Dynamics by 2.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,735 shares of the auto parts company’s stock worth $584,000 after purchasing an additional 485 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Douglas Dynamics by 4.5% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,458 shares of the auto parts company’s stock worth $410,000 after purchasing an additional 531 shares during the last quarter. DF Dent & Co. Inc. increased its position in shares of Douglas Dynamics by 1.4% during the 2nd quarter. DF Dent & Co. Inc. now owns 56,392 shares of the auto parts company’s stock worth $1,855,000 after purchasing an additional 788 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of Douglas Dynamics by 8.1% during the 2nd quarter. Victory Capital Management Inc. now owns 13,859 shares of the auto parts company’s stock worth $456,000 after purchasing an additional 1,035 shares during the last quarter. Hedge funds and other institutional investors own 90.23% of the company’s stock.

Douglas Dynamics Inc (PLOW) traded down $0.05 during trading hours on Friday, hitting $37.80. The company’s stock had a trading volume of 88,869 shares, compared to its average volume of 68,725. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.97 and a quick ratio of 1.76. The firm has a market cap of $855.07, a price-to-earnings ratio of 28.21, a price-to-earnings-growth ratio of 1.79 and a beta of 1.12. Douglas Dynamics Inc has a 52-week low of $28.55 and a 52-week high of $42.60.

Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, November 6th. The auto parts company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The business had revenue of $125.30 million for the quarter, compared to analyst estimates of $133.53 million. Douglas Dynamics had a return on equity of 13.98% and a net margin of 6.59%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.32 earnings per share. equities research analysts forecast that Douglas Dynamics Inc will post 1.41 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 19th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend was Monday, December 18th. Douglas Dynamics’s payout ratio is presently 71.64%.

In related news, CEO James L. Janik sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $37.47, for a total transaction of $936,750.00. Following the transaction, the chief executive officer now directly owns 297,790 shares of the company’s stock, valued at approximately $11,158,191.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman James L. Janik sold 15,593 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $37.64, for a total value of $586,920.52. Following the transaction, the chairman now directly owns 261,892 shares in the company, valued at $9,857,614.88. The disclosure for this sale can be found here. Insiders have sold a total of 61,673 shares of company stock worth $2,309,322 over the last three months. 3.20% of the stock is owned by insiders.

Several research firms have weighed in on PLOW. BidaskClub raised Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 27th. Zacks Investment Research lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, ValuEngine lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $40.00.

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About Douglas Dynamics

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.

Institutional Ownership by Quarter for Douglas Dynamics (NYSE:PLOW)

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