James L. Janik Sells 20,000 Shares of Douglas Dynamics, Inc. (PLOW) Stock
Douglas Dynamics, Inc. (NYSE:PLOW) Chairman James L. Janik sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $35.03, for a total transaction of $700,600.00. Following the completion of the transaction, the chairman now owns 322,790 shares of the company’s stock, valued at $11,307,333.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Douglas Dynamics, Inc. (NYSE:PLOW) traded down 0.43% during trading on Thursday, hitting $34.90. 85,675 shares of the company traded hands. Douglas Dynamics, Inc. has a 52-week low of $25.23 and a 52-week high of $37.50. The firm has a market cap of $788.39 million, a price-to-earnings ratio of 27.70 and a beta of 1.14. The company’s 50-day moving average is $32.61 and its 200 day moving average is $31.63.
Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, August 7th. The auto parts company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.11. Douglas Dynamics had a return on equity of 14.96% and a net margin of 6.16%. The company had revenue of $139.40 million during the quarter, compared to the consensus estimate of $132.33 million. During the same quarter last year, the company earned $0.71 earnings per share. Douglas Dynamics’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, equities analysts anticipate that Douglas Dynamics, Inc. will post $1.50 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in PLOW. Toronto Dominion Bank increased its stake in 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. ClariVest Asset Management LLC increased its stake in 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. Citadel Advisors LLC acquired a new stake in Douglas Dynamics during the first quarter worth approximately $204,000. Atria Investments LLC increased its stake in Douglas Dynamics by 1.5% in the second quarter. Atria Investments LLC now owns 7,677 shares of the auto parts company’s stock worth $253,000 after buying an additional 112 shares during the period. Finally, GW&K Investment Management LLC acquired a new stake in Douglas Dynamics during the second quarter worth approximately $257,000. 89.37% of the stock is owned by institutional investors.
PLOW has been the subject of several analyst reports. Oppenheimer Holdings, Inc. dropped coverage on shares of Douglas Dynamics in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Douglas Dynamics from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, BidaskClub cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $40.00.
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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