SG Americas Securities LLC Raises Stock Position in Douglas Dynamics, Inc. (NYSE:PLOW)

SG Americas Securities LLC increased its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 58.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,964 shares of the auto parts company’s stock after acquiring an additional 2,943 shares during the quarter. SG Americas Securities LLC’s holdings in Douglas Dynamics were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. CWM LLC grew its holdings 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 buying an additional 2,835 shares in the last quarter. Blue Trust Inc. purchased a new stake in shares of Douglas Dynamics during the second quarter worth $100,000. Point72 Asset Management L.P. grew its holdings 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 buying an additional 3,636 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Douglas Dynamics during the first quarter worth $196,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of Douglas Dynamics during the fourth quarter worth $207,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Trading Down 1.2 %

Shares of 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 current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The stock has a market cap 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, Inc. has a twelve month low of $21.31 and a twelve month high of $31.39.

Douglas Dynamics (NYSE:PLOW) last announced its quarterly earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.48. The firm had revenue of $199.90 million for the quarter, compared to analysts’ expectations of $181.30 million. Douglas Dynamics had a net margin of 5.03% and a return on equity of 13.38%. During the same quarter in the previous year, the company posted $1.00 EPS. As a group, equities analysts predict that Douglas Dynamics, Inc. will post 1.5 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Douglas Dynamics Company Profile

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.