Douglas Dynamics, Inc. (NYSE:PLOW) Position Cut by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC lowered its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 32.1% in the 3rd quarter, Holdings Channel reports. The fund owned 153,692 shares of the auto parts company’s stock after selling 72,558 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Douglas Dynamics were worth $4,239,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of PLOW. The Manufacturers Life Insurance Company increased its position in Douglas Dynamics by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,862 shares of the auto parts company’s stock valued at $207,000 after acquiring an additional 441 shares during the period. Price T Rowe Associates Inc. MD grew its position in Douglas Dynamics by 4.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,302 shares of the auto parts company’s stock valued at $587,000 after buying an additional 939 shares in the last quarter. CWM LLC increased its stake in Douglas Dynamics by 42.2% during the 3rd 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 during the period. American Century Companies Inc. lifted its stake in shares of Douglas Dynamics by 10.0% in the 2nd quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock worth $600,000 after acquiring an additional 2,329 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Douglas Dynamics by 9.2% in the second quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company’s stock valued at $794,000 after acquiring an additional 2,870 shares in the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PLOW shares. StockNews.com downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Robert W. Baird lowered their target price on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th.

Douglas Dynamics Price Performance

NYSE PLOW opened at $24.77 on Friday. 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 stock has a market capitalization of $571.94 million, a P/E ratio of 10.77, a P/E/G ratio of 1.36 and a beta of 1.19. The business’s fifty day moving average is $26.11 and its two-hundred day moving average is $25.60. Douglas Dynamics, Inc. has a 1 year low of $21.31 and a 1 year high of $31.39.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a dividend of $0.295 per share. The ex-dividend date was Monday, September 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.76%. Douglas Dynamics’s dividend 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.