Virtus Advisers LLC bought a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 25,198 shares of the auto parts company’s stock, valued at approximately $1,359,000.
A number of other institutional investors and hedge funds also recently modified their holdings of PLOW. Kestra Private Wealth Services LLC grew its holdings in Douglas Dynamics by 1.1% during the first quarter. Kestra Private Wealth Services LLC now owns 24,242 shares of the auto parts company’s stock valued at $1,020,000 after purchasing an additional 272 shares during the period. PNC Financial Services Group Inc. raised its holdings in Douglas Dynamics by 18.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,609 shares of the auto parts company’s stock worth $85,000 after purchasing an additional 400 shares during the period. State of Wyoming raised its holdings in Douglas Dynamics by 20.0% in the second quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 405 shares during the period. Comerica Bank boosted its position in shares of Douglas Dynamics by 2.6% during the fourth quarter. Comerica Bank now owns 15,996 shares of the auto parts company’s stock worth $522,000 after purchasing an additional 407 shares in the last quarter. Finally, Aquatic Capital Management LLC boosted its position in shares of Douglas Dynamics by 6.7% during the third quarter. Aquatic Capital Management LLC now owns 7,165 shares of the auto parts company’s stock worth $224,000 after purchasing an additional 449 shares in the last quarter. 91.85% of the stock is owned by institutional investors.
Douglas Dynamics Stock Performance
PLOW opened at $41.01 on Friday. Douglas Dynamics, Inc. has a 52-week low of $28.52 and a 52-week high of $55.00. The firm has a market capitalization of $946.51 million, a PE ratio of 18.64, a PEG ratio of 0.91 and a beta of 1.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.03 and a current ratio of 2.16. The business’s 50-day simple moving average is $45.92 and its 200 day simple moving average is $44.55.
Douglas Dynamics Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 16th. Douglas Dynamics’s dividend payout ratio is currently 53.64%.
Analysts Set New Price Targets
PLOW has been the subject of several recent analyst reports. Robert W. Baird lowered their price target on Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, August 4th. DA Davidson set a $57.00 price objective on Douglas Dynamics in a report on Tuesday, August 4th. Zacks Research lowered Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 4th. Wall Street Zen cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $51.67.
Read Our Latest Report on Douglas Dynamics
Douglas Dynamics Profile
Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company’s product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.
Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.
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