Price T Rowe Associates Inc. MD Acquires 939 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Price T Rowe Associates Inc. MD lifted its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 4.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,302 shares of the auto parts company’s stock after acquiring an additional 939 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.11% of Douglas Dynamics worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Douglas Dynamics by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 902,805 shares of the auto parts company’s stock valued at $26,796,000 after buying an additional 8,194 shares in the last quarter. William Blair Investment Management LLC increased its position in Douglas Dynamics by 0.8% in the 1st quarter. William Blair Investment Management LLC now owns 848,403 shares of the auto parts company’s stock valued at $20,463,000 after buying an additional 6,634 shares in the last quarter. Wellington Management Group LLP increased its position in Douglas Dynamics by 18.5% in the 4th quarter. Wellington Management Group LLP now owns 308,107 shares of the auto parts company’s stock valued at $9,145,000 after buying an additional 48,189 shares in the last quarter. ProShare Advisors LLC increased its position in Douglas Dynamics by 12.8% in the 1st quarter. ProShare Advisors LLC now owns 305,716 shares of the auto parts company’s stock valued at $7,374,000 after buying an additional 34,724 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in Douglas Dynamics in the 1st quarter valued at about $7,055,000. 91.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. DA Davidson reiterated a “buy” rating and set a $31.00 price target on shares of Douglas Dynamics in a research note on Tuesday, April 30th. StockNews.com downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Douglas Dynamics Price Performance

PLOW stock opened at $26.51 on Wednesday. The company has a market capitalization of $612.12 million, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 1.31 and a beta of 1.17. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 2.03. Douglas Dynamics, Inc. has a 52-week low of $21.31 and a 52-week high of $32.31. The business has a 50-day simple moving average of $24.51 and a two-hundred day simple moving average of $24.31.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.48. The company had revenue of $199.90 million during the quarter, compared to analyst estimates of $181.30 million. Douglas Dynamics had a return on equity of 13.38% and a net margin of 5.03%. During the same period in the prior year, the company posted $1.00 earnings per share. Research analysts expect that Douglas Dynamics, Inc. will post 1.5 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date was Monday, June 17th. Douglas Dynamics’s payout ratio is 100.86%.

About Douglas Dynamics

Douglas Dynamics, Inc operates as a manufacturer and upfitter of commercial work truck attachments and equipment in North America. It operates through two segments, Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segment manufactures and sells snow and ice control attachments, including snowplows, and sand and salt spreaders for light trucks and heavy duty trucks, as well as various related parts and accessories.