Graham Capital Management L.P. Buys Shares of 12,541 Douglas Dynamics, Inc. (NYSE:PLOW)

Graham Capital Management L.P. purchased a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,541 shares of the auto parts company’s stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Ararat Capital Management LP boosted its stake in Douglas Dynamics by 40.6% in the 4th quarter. Ararat Capital Management LP now owns 807,186 shares of the auto parts company’s stock worth $19,074,000 after buying an additional 233,255 shares during the last quarter. Ranger Investment Management L.P. acquired a new position in shares of Douglas Dynamics during the 4th quarter valued at about $4,173,000. Franklin Resources Inc. purchased a new position in shares of Douglas Dynamics during the 4th quarter worth about $3,523,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Douglas Dynamics by 18.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 909,283 shares of the auto parts company’s stock worth $21,487,000 after acquiring an additional 143,853 shares during the period. Finally, Drystone LLC acquired a new stake in shares of Douglas Dynamics in the fourth quarter worth approximately $2,531,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Dynamics Stock Performance

Douglas Dynamics stock opened at $28.89 on Friday. The company has a market cap of $670.51 million, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 1.14 and a beta of 1.25. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $30.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The stock’s 50-day moving average is $24.31 and its 200-day moving average is $24.83.

Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.25. The firm had revenue of $115.07 million during the quarter, compared to the consensus estimate of $107.80 million. Douglas Dynamics had a net margin of 9.89% and a return on equity of 12.68%. The company’s revenue was up 20.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.29) EPS. Equities analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.18 annualized dividend and a dividend yield of 4.08%. Douglas Dynamics’s payout ratio is 43.38%.

Wall Street Analyst Weigh In

PLOW has been the subject of several research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $32.00 price target on shares of Douglas Dynamics in a research report on Tuesday, February 25th. StockNews.com raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th.

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.