Anchor Capital Advisors LLC Raises Position in Douglas Dynamics Inc (PLOW)

Anchor Capital Advisors LLC increased its stake in shares of Douglas Dynamics Inc (NYSE:PLOW) by 53.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,989 shares of the auto parts company’s stock after purchasing an additional 13,955 shares during the period. Anchor Capital Advisors LLC’s holdings in Douglas Dynamics were worth $1,919,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its position in shares of Douglas Dynamics by 100.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 19,790 shares of the auto parts company’s stock worth $748,000 after purchasing an additional 9,940 shares during the last quarter. Uniplan Investment Counsel Inc. grew its stake in Douglas Dynamics by 1.5% in the 1st quarter. Uniplan Investment Counsel Inc. now owns 239,904 shares of the auto parts company’s stock worth $10,399,000 after acquiring an additional 3,658 shares during the period. Silvercrest Asset Management Group LLC grew its stake in Douglas Dynamics by 0.7% in the 1st quarter. Silvercrest Asset Management Group LLC now owns 679,711 shares of the auto parts company’s stock worth $29,466,000 after acquiring an additional 4,976 shares during the period. Comerica Bank grew its stake in Douglas Dynamics by 39.9% in the 1st quarter. Comerica Bank now owns 16,486 shares of the auto parts company’s stock worth $756,000 after acquiring an additional 4,700 shares during the period. Finally, Seizert Capital Partners LLC purchased a new stake in Douglas Dynamics in the 1st quarter worth approximately $2,814,000. Hedge funds and other institutional investors own 89.79% of the company’s stock.

Separately, Zacks Investment Research raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Friday, August 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Douglas Dynamics presently has an average rating of “Buy” and a consensus price target of $47.67.

PLOW stock opened at $43.15 on Friday. The company has a market capitalization of $978.19 million, a price-to-earnings ratio of 31.65, a PEG ratio of 1.39 and a beta of 1.15. The company has a debt-to-equity ratio of 1.01, a current ratio of 3.77 and a quick ratio of 1.98. Douglas Dynamics Inc has a one year low of $32.70 and a one year high of $49.50.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, August 6th. The auto parts company reported $1.02 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.24. The firm had revenue of $163.40 million during the quarter, compared to analysts’ expectations of $148.28 million. Douglas Dynamics had a net margin of 12.36% and a return on equity of 16.07%. Douglas Dynamics’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 EPS. sell-side analysts expect that Douglas Dynamics Inc will post 2.08 EPS for the current year.

Douglas Dynamics Profile

Douglas Dynamics, Inc operates as a manufacturer and up-fitter of commercial work truck attachments and equipment primarily in North America. It operates in 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 and heavy duty trucks, as well as various related parts and accessories.

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Institutional Ownership by Quarter for Douglas Dynamics (NYSE:PLOW)

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