AlphaQuest LLC Grows Stock Holdings in Douglas Dynamics, Inc. $PLOW

AlphaQuest LLC lifted its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 326.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,448 shares of the auto parts company’s stock after acquiring an additional 19,486 shares during the quarter. AlphaQuest LLC’s holdings in Douglas Dynamics were worth $796,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pzena Investment Management LLC raised its position in Douglas Dynamics by 0.4% during the second quarter. Pzena Investment Management LLC now owns 2,281,587 shares of the auto parts company’s stock worth $67,238,000 after acquiring an additional 8,584 shares during the last quarter. Gamco Investors INC. ET AL purchased a new stake in Douglas Dynamics in the 2nd quarter worth approximately $3,080,000. SG Americas Securities LLC purchased a new stake in shares of Douglas Dynamics in the third quarter valued at $1,013,000. Segall Bryant & Hamill LLC acquired a new stake in Douglas Dynamics in the 2nd quarter worth about $2,640,000. Finally, Ellsworth Advisors LLC acquired a new stake in shares of Douglas Dynamics in the third quarter worth approximately $738,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

Douglas Dynamics Price Performance

PLOW opened at $38.97 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 2.01 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $34.61 and its 200 day moving average price is $32.45. Douglas Dynamics, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $39.33. The firm has a market cap of $897.96 million, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 1.29 and a beta of 1.26.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, November 3rd. The auto parts company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. The company had revenue of $162.12 million during the quarter, compared to the consensus estimate of $163.27 million. Douglas Dynamics had a return on equity of 16.18% and a net margin of 6.82%. As a group, sell-side analysts expect that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were given a dividend of $0.295 per share. The ex-dividend date was Tuesday, December 16th. This represents a $1.18 dividend on an annualized basis and a yield of 3.0%. Douglas Dynamics’s payout ratio is currently 67.05%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PLOW. DA Davidson reiterated a “buy” rating and issued a $39.00 target price on shares of Douglas Dynamics in a report on Monday, December 8th. Wall Street Zen lowered shares of Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Douglas Dynamics in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.00.

Douglas Dynamics Profile

Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company’s product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.

Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.