Mawer Investment Management Ltd. lessened its stake in shares of Douglas Dynamics Inc (NYSE:PLOW) by 24.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 578,131 shares of the auto parts company’s stock after selling 191,139 shares during the period. Mawer Investment Management Ltd. owned approximately 2.56% of Douglas Dynamics worth $27,750,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PLOW. Seizert Capital Partners LLC purchased a new stake in Douglas Dynamics during the 1st quarter worth approximately $2,814,000. Conestoga Capital Advisors LLC grew its position in Douglas Dynamics by 7.1% during the 2nd quarter. Conestoga Capital Advisors LLC now owns 741,485 shares of the auto parts company’s stock worth $35,591,000 after purchasing an additional 49,155 shares during the last quarter. California Public Employees Retirement System grew its position in Douglas Dynamics by 518.0% during the 1st quarter. California Public Employees Retirement System now owns 56,102 shares of the auto parts company’s stock worth $2,432,000 after purchasing an additional 47,024 shares during the last quarter. First Trust Advisors LP grew its position in Douglas Dynamics by 60.1% during the 2nd quarter. First Trust Advisors LP now owns 95,396 shares of the auto parts company’s stock worth $4,579,000 after purchasing an additional 35,811 shares during the last quarter. Finally, Systematic Financial Management LP grew its position in Douglas Dynamics by 12.5% during the 2nd quarter. Systematic Financial Management LP now owns 310,697 shares of the auto parts company’s stock worth $14,913,000 after purchasing an additional 34,564 shares during the last quarter.

Separately, Zacks Investment Research downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, August 11th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $47.67.

PLOW stock opened at $43.90 on Tuesday. The firm has a market capitalization of $980.45 million, a PE ratio of 32.28, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15. The company has a current ratio of 3.77, a quick ratio of 1.98 and a debt-to-equity ratio of 1.01. Douglas Dynamics Inc has a 12 month low of $33.15 and a 12 month high of $49.50.

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

In other news, insider Jonathon P. Sievert sold 1,200 shares of the company’s stock in a transaction on Friday, August 17th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.10% of the stock is owned by corporate insiders.

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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