The EVP, CFO and Secretary of Douglas Dynamics (NYSE: PLOW) is Buying Shares

By Carrie Williams

Today, the EVP, CFO and Secretary of Douglas Dynamics (NYSE: PLOW), Robert J. Young, bought shares of PLOW for $45.39K.

This recent transaction increases Robert J. Young’s holding in the company by 8.24% to a total of $495.3K. Following Robert J. Young’s last PLOW Buy transaction on March 08, 2016, the stock climbed by 5.2%.

Based on Douglas Dynamics’ latest earnings report from September 30, the company posted quarterly revenue of $123.6M and quarterly net profit of $7.3M. In comparison, last year the company earned revenue of $120.6M and had a net profit of $15.55M. The company has a one year high of $33.75 and a one year low of $16.89. PLOW’s market cap is $596.3M and the company has a P/E ratio of 13.71.

Three different firms, including Oppenheimer and Robert W. Baird, currently also have a Buy rating on the stock.

The insider sentiment on Douglas Dynamics has been positive according to 20 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Douglas Dynamics, Inc. designs, manufactures and sells snow and ice control equipment for light trucks, which consists of snowplows and sand and salt spreaders, and related parts and accessories. The company sells its products under the Western, Fisher, Snowex and Blizzard brands. Douglas Dynamics was founded by Douglas Seaman in 2004 and is headquartered in Milwaukee, WI.