Douglas Dynamics, Inc. (NYSE:PLOW) Shares Sold by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC decreased its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 22.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 455,611 shares of the auto parts company’s stock after selling 131,675 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in Douglas Dynamics were worth $10,766,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of PLOW. Ararat Capital Management LP lifted its stake in shares of Douglas Dynamics by 40.6% in the fourth quarter. Ararat Capital Management LP now owns 807,186 shares of the auto parts company’s stock worth $19,074,000 after acquiring an additional 233,255 shares in the last quarter. Ranger Investment Management L.P. bought a new position in Douglas Dynamics during the 4th quarter worth approximately $4,173,000. Franklin Resources Inc. bought a new position in Douglas Dynamics during the 4th quarter worth approximately $3,523,000. T. Rowe Price Investment Management Inc. lifted its holdings in Douglas Dynamics by 18.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 909,283 shares of the auto parts company’s stock worth $21,487,000 after buying an additional 143,853 shares during the last quarter. Finally, Drystone LLC bought a new position in Douglas Dynamics during the 4th quarter worth approximately $2,531,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. DA Davidson reaffirmed a “buy” rating and set a $32.00 target price on shares of Douglas Dynamics in a report on Tuesday, February 25th. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th.

Douglas Dynamics Trading Down 1.2%

NYSE:PLOW opened at $28.89 on Friday. The company has a market cap of $670.51 million, a PE ratio of 12.56, a P/E/G ratio of 1.14 and a beta of 1.25. Douglas Dynamics, Inc. has a 52 week low of $21.30 and a 52 week high of $30.98. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The business’s 50 day moving average is $24.31 and its two-hundred day moving average is $24.83.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.25. The business had revenue of $115.07 million for the quarter, compared to the consensus estimate of $107.80 million. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. The business’s revenue was up 20.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.29) EPS. On average, analysts predict that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.08%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics’s dividend payout ratio (DPR) is 43.38%.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through 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 trucks and heavy duty trucks, as well as various related parts and accessories.