Versor Investments LP Purchases Shares of 19,400 Douglas Dynamics, Inc. (NYSE:PLOW)

Versor Investments LP acquired a new position in Douglas Dynamics, Inc. (NYSE:PLOW) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,400 shares of the auto parts company’s stock, valued at approximately $535,000. Versor Investments LP owned approximately 0.08% of Douglas Dynamics as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in PLOW. The Manufacturers Life Insurance Company boosted its position in Douglas Dynamics by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,862 shares of the auto parts company’s stock worth $207,000 after purchasing an additional 441 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Douglas Dynamics by 4.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,302 shares of the auto parts company’s stock worth $587,000 after buying an additional 939 shares during the period. CWM LLC grew its stake in shares of Douglas Dynamics by 42.2% in the third quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock valued at $112,000 after buying an additional 1,201 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Douglas Dynamics by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock valued at $600,000 after buying an additional 2,329 shares during the period. Finally, Rhumbline Advisers lifted its position in Douglas Dynamics by 9.2% during the 2nd quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company’s stock worth $794,000 after acquiring an additional 2,870 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Robert W. Baird lowered their price objective on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. StockNews.com lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, October 31st.

Douglas Dynamics Trading Down 0.5 %

Shares of PLOW opened at $25.36 on Thursday. Douglas Dynamics, Inc. has a one year low of $21.31 and a one year high of $31.39. The stock has a 50-day moving average price of $26.36 and a 200 day moving average price of $25.54. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. The company has a market capitalization of $585.56 million, a P/E ratio of 11.03, a P/E/G ratio of 1.40 and a beta of 1.19.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date was Monday, September 16th. Douglas Dynamics’s payout ratio is currently 51.30%.

Douglas Dynamics Company Profile

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.