Douglas Dynamics, Inc. (NYSE:PLOW) Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC lessened its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 15.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 258,656 shares of the auto parts company's stock after selling 47,060 shares during the period. ProShare Advisors LLC owned about 1.12% of Douglas Dynamics worth $6,053,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Douglas Dynamics by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,302 shares of the auto parts company's stock worth $587,000 after acquiring an additional 939 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Douglas Dynamics during the 4th quarter worth approximately $50,000. American Century Companies Inc. lifted its position in shares of Douglas Dynamics by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company's stock worth $600,000 after buying an additional 2,329 shares during the last quarter. CWM LLC grew its position in shares of Douglas Dynamics by 20,250.0% in the 2nd quarter. CWM LLC now owns 2,849 shares of the auto parts company's stock valued at $67,000 after buying an additional 2,835 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Douglas Dynamics by 9.2% in the 2nd quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company's stock valued at $794,000 after buying an additional 2,870 shares during the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Stock Performance

Shares of PLOW stock traded up $0.09 during midday trading on Thursday, hitting $27.60. The company had a trading volume of 25,286 shares, compared to its average volume of 223,767. Douglas Dynamics, Inc. has a 52-week low of $21.31 and a 52-week high of $31.52. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.03 and a quick ratio of 1.04. The company's 50 day simple moving average is $27.26 and its 200 day simple moving average is $24.85. The stock has a market cap of $637.39 million, a price-to-earnings ratio of 23.68, a PEG ratio of 1.32 and a beta of 1.18.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its quarterly earnings data on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.48. Douglas Dynamics had a net margin of 5.03% and a return on equity of 13.38%. The company had revenue of $199.90 million for the quarter, compared to analysts' expectations of $181.30 million. During the same period in the previous year, the company posted $1.00 EPS. Research analysts anticipate that Douglas Dynamics, Inc. will post 1.5 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend is Monday, September 16th. Douglas Dynamics's dividend payout ratio is presently 100.85%.

Analyst Ratings Changes

Separately, StockNews.com downgraded Douglas Dynamics from a "buy" rating to a "hold" rating in a 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.