Kings Path Partners LLC Makes New $419,000 Investment in Douglas Dynamics, Inc. (NYSE:PLOW)

Kings Path Partners LLC purchased a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 17,740 shares of the auto parts company’s stock, valued at approximately $419,000. Kings Path Partners LLC owned 0.08% of Douglas Dynamics at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bank of New York Mellon Corp increased its stake in Douglas Dynamics by 3.5% in the second 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 purchasing an additional 8,952 shares in the last quarter. Rhumbline Advisers raised its stake 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 buying an additional 2,870 shares during the period. Anchor Capital Advisors LLC lifted its holdings in Douglas Dynamics by 7.2% during the second quarter. Anchor Capital Advisors LLC now owns 77,544 shares of the auto parts company’s stock worth $1,815,000 after acquiring an additional 5,200 shares in the last quarter. American Century Companies Inc. grew its stake in Douglas Dynamics by 10.0% in the second quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock valued at $600,000 after acquiring an additional 2,329 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in Douglas Dynamics by 20.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 18,969 shares of the auto parts company’s stock valued at $444,000 after acquiring an additional 3,247 shares during the period. 91.85% of the stock is owned by institutional investors.

Douglas Dynamics Stock Down 0.7 %

Shares of NYSE:PLOW traded down $0.16 during mid-day trading on Monday, reaching $24.09. 106,506 shares of the stock were exchanged, compared to its average volume of 141,403. The company has a market cap of $556.33 million, a P/E ratio of 10.47, a P/E/G ratio of 1.40 and a beta of 1.21. The stock’s 50 day simple moving average is $24.73 and its 200-day simple moving average is $25.63. 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 one year low of $21.31 and a one year high of $30.98.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.18 annualized dividend and a yield of 4.90%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 51.30%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PLOW shares. Robert W. Baird decreased their price objective on 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 cut shares of 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.