Punch & Associates Investment Management Inc. bought a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 659,319 shares of the auto parts company’s stock, valued at approximately $35,570,000. Douglas Dynamics comprises 1.8% of Punch & Associates Investment Management Inc.’s portfolio, making the stock its 13th biggest holding.
Several other large investors have also recently bought and sold shares of the stock. Kestra Private Wealth Services LLC grew its position in Douglas Dynamics by 1.1% in the 1st quarter. Kestra Private Wealth Services LLC now owns 24,242 shares of the auto parts company’s stock worth $1,020,000 after purchasing an additional 272 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Douglas Dynamics by 18.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,609 shares of the auto parts company’s stock worth $85,000 after buying an additional 400 shares in the last quarter. State of Wyoming increased its stake in Douglas Dynamics by 20.0% during the second quarter. State of Wyoming now owns 2,430 shares of the auto parts company’s stock valued at $72,000 after acquiring an additional 405 shares during the period. Comerica Bank raised its holdings in Douglas Dynamics by 2.6% in the 4th quarter. Comerica Bank now owns 15,996 shares of the auto parts company’s stock valued at $522,000 after acquiring an additional 407 shares in the last quarter. Finally, Aquatic Capital Management LLC raised its holdings in Douglas Dynamics by 6.7% in the 3rd quarter. Aquatic Capital Management LLC now owns 7,165 shares of the auto parts company’s stock valued at $224,000 after acquiring an additional 449 shares in the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.
Douglas Dynamics Trading Down 0.1%
PLOW stock opened at $41.62 on Thursday. Douglas Dynamics, Inc. has a 1-year low of $28.52 and a 1-year high of $55.00. The company has a current ratio of 2.16, a quick ratio of 1.03 and a debt-to-equity ratio of 0.44. The business’s 50 day moving average is $45.47 and its 200-day moving average is $44.63. The firm has a market cap of $960.59 million, a P/E ratio of 18.92, a P/E/G ratio of 0.91 and a beta of 1.20.
Douglas Dynamics Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.8%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 53.64%.
Analyst Upgrades and Downgrades
PLOW has been the topic of several recent research reports. Weiss Ratings raised Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. DA Davidson set a $57.00 target price on Douglas Dynamics in a research report on Tuesday, August 4th. Wall Street Zen lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Zacks Research cut shares of Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Finally, Robert W. Baird dropped their price objective on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, August 4th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $51.67.
View Our Latest Analysis on PLOW
About Douglas Dynamics
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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