Shares are trading at $37.30 which is just a bit higher than $34.39, the 50 day moving average and which is well above the 200 day moving average of $31.80. The 50 day moving average was up by +8.48% whereas the 200 day moving average was up $5.50 or +17.28%. Trading was light with 100K shares changing hands by the end of trading on Wednesday. Volume was down 39.07% under the stocks average daily volume.
Investors are more bearish on shares of Douglas Dynamics, Inc. recently if you take note of the uptick in short interest. The stock realized a rise in short interest of 1.54% as of the latest report on August 31, 2017. Short shares grew from 682,251 to 692,741 over that timeframe. Days to cover decreased 0.0 to 6.0 and the percentage of shorted shares was 0.03% on August 31.
There has been some selling insider activity on Douglas Dynamics, Inc. (NYSE:PLOW) recently. James L. Janik, Chairman, President and CEO disclosed the sale of 20,000 shares of PLOW stock. The shares were sold on August 30th for an average price of $35.03. Janik now owns $11,307,334 of the stock per the Form 4 SEC filing.
A few notable investment firms have updated their holdings. William Blair Investment Management, LLC expanded its ownership by buying 149,711 shares an increase of 75.7% from 03/31/2017 to 06/30/2017. William Blair Investment Management, LLC owns 347,427 shares with a value of $11,430,000. The total value of its holdings increased 88.6%. As of the end of the quarter Spot Trading L.l.c had sold a total of 5,800 shares trimming its stake by 82.9%. The value of the investment in Douglas Dynamics, Inc. went from $236,000 to $37,000 a change of $199,000 for the reporting period.
Ubs Group Ag divested its investment by shedding 328 shares a decrease of 48.7% in the quarter. Ubs Group Ag now controls 345 shares valued at $11,000. The value of the position overall is down by 47.6%. As of quarter end Mawer Investment Management Ltd. had disposed of 810 shares trimming its holdings by 0.1%. The value of the investment in PLOW increased from $37,019,000 to $39,710,000 increasing 7.3% quarter to quarter.
The company is trading up since yesterday’s close of 37.25. Douglas Dynamics, Inc. recently announced a dividend for shareholders to be paid on Friday the 29th of September 2017. The dividend payment will be $0.240 per share for the quarter which comes to $0.96 on an annualized basis. This dividend amount will represent a yield of $2.63. The ex-dividend date will be on Monday September 18th, 2017.
Douglas Dynamics, Inc. currently has a P/E ratio of 29.60 and the market cap is 842.61M. In the latest earnings report the EPS was $1.26 and is projected to be $1.50 for the current year with 22,590,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.55 and the next full year EPS is projected to be $1.83.
Douglas Dynamics, Inc., launched on March 11, 2004, is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Business’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand. The Company operates through two segments: Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment includes snow and ice management attachments sold under the FISHER, WESTERN, HENDERSON and SNOWEX brands. The Work Truck Solutions segment includes the up-fit of attachments and storage solutions for commercial work vehicles under the DEJANA brand and its related sub-brands..