Q3 2018 EPS Estimates for Douglas Dynamics Inc (PLOW) Increased by Analyst
Douglas Dynamics Inc (NYSE:PLOW) – Stock analysts at Seaport Global Securities increased their Q3 2018 EPS estimates for Douglas Dynamics in a research report issued on Tuesday. Seaport Global Securities analyst M. Shlisky now anticipates that the auto parts company will post earnings of $0.61 per share for the quarter, up from their prior estimate of $0.54.
A number of other research firms also recently weighed in on PLOW. Craig Hallum set a $50.00 target price on Douglas Dynamics and gave the stock a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded Douglas Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. BidaskClub downgraded Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Robert W. Baird reaffirmed a “hold” rating and issued a $44.00 price target on shares of Douglas Dynamics in a research note on Thursday. Finally, ValuEngine downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $47.67.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Thursday, March 22nd will be paid a $0.265 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Wednesday, March 21st. This is an increase from Douglas Dynamics’s previous quarterly dividend of $0.24. Douglas Dynamics’s payout ratio is 40.00%.
In related news, VP Robert L. Mccormick sold 15,000 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $40.08, for a total value of $601,200.00. Following the completion of the transaction, the vice president now owns 116,263 shares of the company’s stock, valued at $4,659,821.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Chairman James L. Janik sold 15,593 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $37.64, for a total value of $586,920.52. Following the completion of the transaction, the chairman now directly owns 261,892 shares of the company’s stock, valued at approximately $9,857,614.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,673 shares of company stock valued at $2,910,522. 3.20% of the stock is owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Zions Bancorporation bought a new position in Douglas Dynamics in the third quarter valued at about $100,000. Principal Financial Group Inc. bought a new position in Douglas Dynamics in the third quarter valued at about $233,000. Sapphire Star Partners LP bought a new position in Douglas Dynamics in the third quarter valued at about $242,000. Comerica Bank bought a new position in Douglas Dynamics in the third quarter valued at about $263,000. Finally, Cubist Systematic Strategies LLC bought a new position in Douglas Dynamics in the third quarter valued at about $267,000. 91.95% of the stock is owned by institutional investors and hedge funds.
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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