Douglas Dynamics, Inc. (NYSE:PLOW) Short Interest Update

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

Douglas Dynamics Stock Performance

Douglas Dynamics stock traded up $0.54 during trading hours on Tuesday, hitting $26.85. The stock had a trading volume of 151,448 shares, compared to its average volume of 216,430. The company has a market cap of $620.07 million, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.25 and a beta of 1.18. Douglas Dynamics has a fifty-two week low of $21.31 and a fifty-two week high of $31.39. The company has a 50-day moving average of $27.36 and a two-hundred day moving average of $25.17. The company has a quick ratio of 1.04, a current ratio of 2.03 and a debt-to-equity ratio of 0.73.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.48. The firm had revenue of $199.90 million during the quarter, compared to analyst estimates 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 prior year, the business posted $1.00 earnings per share. On average, equities research analysts anticipate that Douglas Dynamics will post 1.5 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Monday, September 16th. Douglas Dynamics’s payout ratio is currently 100.85%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Douglas Dynamics

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of Douglas Dynamics by 260.6% during the first quarter. BNP Paribas Financial Markets now owns 90,001 shares of the auto parts company’s stock worth $2,171,000 after purchasing an additional 65,042 shares in the last quarter. GSA Capital Partners LLP raised its position in Douglas Dynamics by 206.6% in the 1st quarter. GSA Capital Partners LLP now owns 53,624 shares of the auto parts company’s stock worth $1,293,000 after purchasing an additional 36,134 shares during the last quarter. Pacific Ridge Capital Partners LLC acquired a new position in Douglas Dynamics during the 2nd quarter worth $486,000. Olstein Capital Management L.P. bought a new position in Douglas Dynamics in the 1st quarter valued at $1,061,000. Finally, ProShare Advisors LLC raised its position in shares of Douglas Dynamics by 12.8% during the first quarter. ProShare Advisors LLC now owns 305,716 shares of the auto parts company’s stock worth $7,374,000 after acquiring an additional 34,724 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors.

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.