Douglas Dynamics, Inc. (NYSE:PLOW) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 58.6% during the 3rd quarter, Holdings Channel reports. The firm owned 7,964 shares of the auto parts company’s stock after buying an additional 2,943 shares during the period. SG Americas Securities LLC’s holdings in Douglas Dynamics were worth $220,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in PLOW. CWM LLC lifted its position in shares of Douglas Dynamics by 20,250.0% during the second quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock worth $67,000 after purchasing an additional 2,835 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of Douglas Dynamics during the second quarter worth about $100,000. Point72 Asset Management L.P. lifted its position in shares of Douglas Dynamics by 113.6% during the second quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock worth $160,000 after purchasing an additional 3,636 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Douglas Dynamics during the first quarter worth about $196,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Douglas Dynamics during the fourth quarter worth approximately $207,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Douglas Dynamics Stock Down 1.2 %

PLOW stock opened at $25.97 on Wednesday. The company’s 50 day moving average price is $27.33 and its 200 day moving average price is $25.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 2.03. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $31.39. The firm has a market capitalization of $599.65 million, a price-to-earnings ratio of 22.01, a PEG ratio of 1.29 and a beta of 1.18.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.48. Douglas Dynamics had a net margin of 5.03% and a return on equity of 13.38%. The firm had revenue of $199.90 million for the quarter, compared to analyst estimates of $181.30 million. During the same period in the prior year, the firm earned $1.00 earnings per share. On average, equities research analysts anticipate that Douglas Dynamics, Inc. will post 1.5 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were paid a $0.295 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.18 annualized dividend and a yield of 4.54%. Douglas Dynamics’s dividend payout ratio is currently 100.00%.

About Douglas Dynamics

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.