Nisa Investment Advisors LLC Reduces Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Nisa Investment Advisors LLC lessened its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 78.4% during the 1st quarter, HoldingsChannel reports. The fund owned 2,646 shares of the auto parts company’s stock after selling 9,612 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Douglas Dynamics were worth $61,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. KLP Kapitalforvaltning AS bought a new stake in Douglas Dynamics during the 4th quarter worth approximately $111,000. State of Wyoming purchased a new position in shares of Douglas Dynamics during the 4th quarter valued at $153,000. Aquatic Capital Management LLC boosted its holdings in Douglas Dynamics by 358.9% in the 4th quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company’s stock worth $184,000 after buying an additional 6,102 shares during the period. Quantbot Technologies LP bought a new stake in Douglas Dynamics during the fourth quarter valued at about $219,000. Finally, Point72 Asset Management L.P. lifted its stake in Douglas Dynamics by 50.5% in the 4th quarter. Point72 Asset Management L.P. now owns 10,680 shares of the auto parts company’s stock worth $252,000 after purchasing an additional 3,585 shares in the last quarter. Institutional investors own 91.85% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Insider Transactions at Douglas Dynamics

In other news, Director James L. Janik sold 15,650 shares of the business’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $29.01, for a total value of $454,006.50. Following the completion of the sale, the director owned 40,136 shares in the company, valued at approximately $1,164,345.36. The trade was a 28.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is currently owned by company insiders.

Douglas Dynamics Trading Down 1.1%

NYSE PLOW opened at $28.76 on Friday. The stock has a market cap of $667.52 million, a PE ratio of 10.57, a PEG ratio of 1.09 and a beta of 1.30. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $31.98. The company’s 50-day moving average price is $28.88 and its 200-day moving average price is $26.08. The company has a current ratio of 2.37, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54.

Douglas Dynamics (NYSE:PLOW) last released its quarterly earnings data on Monday, May 5th. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.25. The company had revenue of $115.07 million during the quarter, compared to analysts’ expectations of $107.80 million. Douglas Dynamics had a net margin of 11.00% and a return on equity of 15.17%. The firm’s quarterly revenue was up 20.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.29) EPS. Equities research analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were issued a $0.295 dividend. The ex-dividend date was Tuesday, June 17th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.10%. Douglas Dynamics’s payout ratio is 43.38%.

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.