Pzena Investment Management LLC Acquires 222,945 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Pzena Investment Management LLC increased its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 15.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,624,820 shares of the auto parts company’s stock after purchasing an additional 222,945 shares during the quarter. Pzena Investment Management LLC owned 0.07% of Douglas Dynamics worth $44,813,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. CWM LLC lifted its stake in shares of Douglas Dynamics by 20,250.0% in the 2nd quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock valued at $67,000 after purchasing an additional 2,835 shares during the period. Blue Trust Inc. acquired a new position in Douglas Dynamics in the second quarter valued at about $100,000. Quest Partners LLC bought a new position in Douglas Dynamics during the third quarter worth about $118,000. SG Americas Securities LLC bought a new position in Douglas Dynamics during the second quarter worth about $117,000. Finally, Point72 Asset Management L.P. grew its position in shares of Douglas Dynamics by 113.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock worth $160,000 after buying an additional 3,636 shares during the period. 91.85% of the stock is owned by institutional investors.

Douglas Dynamics Stock Performance

Shares of NYSE:PLOW traded down $0.30 on Wednesday, hitting $24.49. The company had a trading volume of 7,976 shares, compared to its average volume of 216,496. The stock has a market cap of $565.47 million, a price-to-earnings ratio of 10.78, a P/E/G ratio of 1.36 and a beta of 1.19. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a 1-year low of $21.31 and a 1-year high of $31.39. The stock has a 50 day moving average price of $26.20 and a 200 day moving average price of $25.61.

Douglas Dynamics Announces Dividend

The business also recently announced 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. This represents a $1.18 annualized dividend and a dividend yield of 4.82%. The ex-dividend date was Monday, September 16th. Douglas Dynamics’s dividend payout ratio (DPR) is currently 51.30%.

Analysts Set New Price Targets

PLOW has been the topic of a number of analyst reports. Robert W. Baird cut their price target on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a report 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.