Douglas Dynamics, Inc. (NYSE:PLOW) Sees Large Increase in Short Interest

Douglas Dynamics, Inc. (NYSE:PLOW) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totalling 457,500 shares, a growth of 30.8% from the September 15th total of 349,900 shares. Approximately 2.0% of the company’s stock are short sold. Based on an average trading volume of 197,000 shares, the short-interest ratio is currently 2.3 days.

Hedge Funds Weigh In On Douglas Dynamics

A number of institutional investors have recently bought and sold shares of PLOW. Allspring Global Investments Holdings LLC increased its position in shares of Douglas Dynamics by 0.4% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,383,611 shares of the auto parts company’s stock worth $55,776,000 after acquiring an additional 8,931 shares in the last quarter. Pzena Investment Management LLC purchased a new stake in shares of Douglas Dynamics in the second quarter valued at $32,804,000. Dimensional Fund Advisors LP boosted its position in shares of Douglas Dynamics by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company’s stock worth $20,590,000 after buying an additional 14,835 shares during the period. William Blair Investment Management LLC grew its holdings in shares of Douglas Dynamics by 0.8% during the first quarter. William Blair Investment Management LLC now owns 848,403 shares of the auto parts company’s stock valued at $20,463,000 after buying an additional 6,634 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Douglas Dynamics by 18.5% during the fourth quarter. Wellington Management Group LLP now owns 308,107 shares of the auto parts company’s stock valued at $9,145,000 after buying an additional 48,189 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Stock Performance

Shares of NYSE PLOW traded up $0.54 during mid-day trading on Tuesday, hitting $26.85. The company had a trading volume of 151,448 shares, compared to its average volume of 216,430. The stock has a market cap of $620.07 million, a price-to-earnings ratio of 22.49, a PEG ratio of 1.25 and a beta of 1.18. The firm’s 50 day simple moving average is $27.36 and its two-hundred day simple moving average is $25.17. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.03 and a quick ratio of 1.04. Douglas Dynamics has a 12 month low of $21.31 and a 12 month high of $31.39.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, July 29th. The auto parts company reported $1.03 EPS 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 last year, the company earned $1.00 EPS. As a group, equities research analysts forecast that Douglas Dynamics will post 1.5 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors 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 dividend yield of 4.39%. Douglas Dynamics’s dividend payout ratio (DPR) is 100.85%.

Analyst Ratings Changes

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

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.