Quantinno Capital Management LP lifted its position in Douglas Dynamics, Inc. (NYSE:PLOW – Free Report) by 79.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,148 shares of the auto parts company’s stock after acquiring an additional 18,235 shares during the period. Quantinno Capital Management LP owned approximately 0.18% of Douglas Dynamics worth $1,732,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wilson Asset Management International PTY Ltd. acquired a new stake in Douglas Dynamics in the fourth quarter worth $653,000. Icon Advisers Inc. Co. bought a new position in shares of Douglas Dynamics during the first quarter worth $8,717,000. Systematic Financial Management LP grew its holdings in shares of Douglas Dynamics by 7.8% in the 4th quarter. Systematic Financial Management LP now owns 334,028 shares of the auto parts company’s stock valued at $10,906,000 after buying an additional 24,055 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Douglas Dynamics by 128.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 538,669 shares of the auto parts company’s stock valued at $22,673,000 after buying an additional 303,077 shares during the period. Finally, Hillsdale Investment Management Inc. increased its position in shares of Douglas Dynamics by 39.9% in the 1st quarter. Hillsdale Investment Management Inc. now owns 195,190 shares of the auto parts company’s stock valued at $8,216,000 after buying an additional 55,690 shares in the last quarter. Institutional investors own 91.85% of the company’s stock.
Douglas Dynamics Price Performance
NYSE:PLOW opened at $42.30 on Wednesday. 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 stock’s 50-day simple moving average is $46.44 and its 200 day simple moving average is $44.34. The company has a market cap of $976.33 million, a P/E ratio of 19.23, a P/E/G ratio of 0.93 and a beta of 1.20. Douglas Dynamics, Inc. has a 52-week low of $28.52 and a 52-week high of $55.00.
Douglas Dynamics Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 16th. Douglas Dynamics’s dividend payout ratio is presently 53.64%.
Analyst Ratings Changes
Several research analysts have weighed in on PLOW shares. Robert W. Baird reduced their target price on Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. Wall Street Zen downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings lowered Douglas Dynamics from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. DA Davidson set a $57.00 price objective on Douglas Dynamics in a report on Tuesday, August 4th. Finally, Freedom Capital upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Douglas Dynamics presently has an average rating of “Hold” and a consensus target price of $51.67.
Read Our Latest Research Report on PLOW
Douglas Dynamics Company 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.
Featured Stories
- Five stocks we like better than Douglas Dynamics
- Atlassian Just Pulled Off the Software Comeback Wall Street Wanted
- AST SpaceMobile Earnings Just Reminded Investors How Risky Space Can Be
- NVIDIA’s Rally Sets Up a Bigger Test Ahead of Earnings
- Apple’s Next iPhone Could Test How Much Pricing Power Is Left
Receive News & Ratings for Douglas Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.
