Quantinno Capital Management LP grew its position in Douglas Dynamics, Inc. (NYSE:PLOW – Free Report) by 79.6% in the first quarter, HoldingsChannel.com reports. The fund owned 41,148 shares of the auto parts company’s stock after buying an additional 18,235 shares during the period. Quantinno Capital Management LP’s holdings in Douglas Dynamics were worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the company. Lazard Asset Management LLC lifted its stake in Douglas Dynamics by 51.1% in the 1st quarter. Lazard Asset Management LLC now owns 101,109 shares of the auto parts company’s stock valued at $4,256,000 after purchasing an additional 34,206 shares during the last quarter. Dean Capital Management grew its holdings in Douglas Dynamics by 58.7% during the first quarter. Dean Capital Management now owns 21,854 shares of the auto parts company’s stock worth $920,000 after purchasing an additional 8,084 shares during the period. Punch & Associates Investment Management Inc. increased its position in Douglas Dynamics by 1.2% during the first quarter. Punch & Associates Investment Management Inc. now owns 621,845 shares of the auto parts company’s stock worth $26,173,000 after buying an additional 7,139 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Douglas Dynamics by 128.6% during the first quarter. Arrowstreet Capital Limited Partnership now owns 538,669 shares of the auto parts company’s stock worth $22,673,000 after buying an additional 303,077 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in Douglas Dynamics in the first quarter valued at approximately $225,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.
Douglas Dynamics Stock Down 0.8%
Douglas Dynamics stock opened at $42.30 on Wednesday. The stock 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. The company has a quick ratio of 1.03, a current ratio of 2.16 and a debt-to-equity ratio of 0.44. Douglas Dynamics, Inc. has a twelve month low of $28.52 and a twelve month high of $55.00. The company’s 50-day moving average price is $46.44 and its two-hundred day moving average price is $44.34.
Douglas Dynamics Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 16th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 53.64%.
Analysts Set New Price Targets
A number of analysts have recently issued reports on PLOW shares. Wall Street Zen cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday. DA Davidson set a $57.00 target price on Douglas Dynamics in a report on Tuesday, August 4th. Freedom Capital upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. Zacks Research cut Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Finally, Robert W. Baird cut 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. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $51.67.
Get Our Latest Analysis on Douglas Dynamics
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.
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