Belpointe Asset Management LLC Acquires Shares of 1,200 Douglas Dynamics, Inc. (NYSE:PLOW)

Belpointe Asset Management LLC acquired a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW – Get Rating) in the 4th quarter, Holdings Channel.com reports. The fund acquired 1,200 shares of the auto parts company’s stock, valued at approximately $43,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Epoch Investment Partners Inc. boosted its stake in Douglas Dynamics by 14.3% in the 3rd quarter. Epoch Investment Partners Inc. now owns 453,562 shares of the auto parts company’s stock worth $12,709,000 after purchasing an additional 56,824 shares in the last quarter. Annex Advisory Services LLC bought a new position in Douglas Dynamics in the 4th quarter worth about $552,000. Heartland Advisors Inc. boosted its stake in Douglas Dynamics by 1.5% in the 4th quarter. Heartland Advisors Inc. now owns 260,397 shares of the auto parts company’s stock worth $9,416,000 after purchasing an additional 3,952 shares in the last quarter. Barclays PLC boosted its stake in Douglas Dynamics by 7.6% in the 3rd quarter. Barclays PLC now owns 18,466 shares of the auto parts company’s stock worth $518,000 after purchasing an additional 1,297 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in Douglas Dynamics by 2.1% in the 3rd quarter. Systematic Financial Management LP now owns 367,120 shares of the auto parts company’s stock worth $10,287,000 after purchasing an additional 7,394 shares in the last quarter. Hedge funds and other institutional investors own 91.78% of the company’s stock.

Wall Street Analysts Forecast Growth

PLOW has been the topic of a number of analyst reports. DA Davidson dropped their price target on shares of Douglas Dynamics from $46.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, April 19th. Robert W. Baird lowered their target price on shares of Douglas Dynamics from $48.00 to $46.00 in a research note on Tuesday, April 18th. Finally, StockNews.com assumed coverage on shares of Douglas Dynamics in a research note on Thursday, May 18th. They set a “hold” rating on the stock.

Insider Buying and Selling at Douglas Dynamics

In other news, CFO Sarah C. Lauber sold 3,757 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $36.66, for a total value of $137,731.62. Following the transaction, the chief financial officer now owns 32,202 shares in the company, valued at approximately $1,180,525.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Robert L. Mccormick sold 10,341 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $36.61, for a total value of $378,584.01. Following the transaction, the chief executive officer now owns 55,106 shares in the company, valued at approximately $2,017,430.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Sarah C. Lauber sold 3,757 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $36.66, for a total transaction of $137,731.62. Following the completion of the sale, the chief financial officer now directly owns 32,202 shares of the company’s stock, valued at $1,180,525.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,416 shares of company stock worth $528,098. Company insiders own 2.50% of the company’s stock.

Douglas Dynamics Price Performance

PLOW opened at $29.75 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.54 and a current ratio of 2.16. The stock has a market capitalization of $683.66 million, a P/E ratio of 24.39, a P/E/G ratio of 1.37 and a beta of 1.00. The company’s 50-day simple moving average is $29.66 and its two-hundred day simple moving average is $34.97. Douglas Dynamics, Inc. has a 52-week low of $25.49 and a 52-week high of $41.40.

Douglas Dynamics (NYSE:PLOW – Get Rating) last posted its earnings results on Monday, February 20th. The auto parts company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.08). The company had revenue of $159.81 million for the quarter, compared to the consensus estimate of $164.30 million. Douglas Dynamics had a net margin of 4.93% and a return on equity of 14.04%. As a group, analysts predict that Douglas Dynamics, Inc. will post 1.54 EPS for the current year.

About Douglas Dynamics

(Get Rating)

Douglas Dynamics, Inc engages in the manufacture of commercial work truck attachments and equipment. It operates through the following segments: Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segments include manufactured snow and ice control attachments sold under FISHER, HENDERSON, SNOWEX and WESTERN brands.