Atom Investors LP Has $3.64 Million Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Atom Investors LP cut its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 4.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 131,861 shares of the auto parts company’s stock after selling 5,824 shares during the quarter. Atom Investors LP’s holdings in Douglas Dynamics were worth $3,637,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PLOW. Allspring Global Investments Holdings LLC grew its holdings in Douglas Dynamics by 1.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,420,408 shares of the auto parts company’s stock worth $66,755,000 after acquiring an additional 36,797 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Douglas Dynamics by 15.9% in the third quarter. Pzena Investment Management LLC now owns 1,624,820 shares of the auto parts company’s stock valued at $44,813,000 after purchasing an additional 222,945 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Douglas Dynamics by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company’s stock worth $20,590,000 after buying an additional 14,835 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in Douglas Dynamics by 149.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company’s stock valued at $9,750,000 after buying an additional 211,573 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Douglas Dynamics by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 262,424 shares of the auto parts company’s stock valued at $6,141,000 after buying an additional 8,952 shares during the period. 91.85% of the stock is owned by institutional investors.

Douglas Dynamics Trading Up 1.0 %

Shares of NYSE PLOW opened at $25.89 on Monday. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a twelve month low of $21.31 and a twelve month high of $31.39. The company’s fifty day moving average is $25.84 and its 200-day moving average is $25.65. The stock has a market cap of $597.80 million, a price-to-earnings ratio of 11.26, a P/E/G ratio of 1.42 and a beta of 1.19.

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a $0.295 dividend. The ex-dividend date was Monday, September 16th. This represents a $1.18 annualized dividend and a dividend yield of 4.56%. Douglas Dynamics’s dividend payout ratio is presently 51.30%.

Analysts Set New Price Targets

Several research firms recently issued reports on PLOW. Robert W. Baird decreased their price target on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st.

Douglas Dynamics 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.