Needham Investment Management LLC Makes New $414,000 Investment in Douglas Dynamics, Inc. (NYSE:PLOW)

Needham Investment Management LLC bought a new position in Douglas Dynamics, Inc. (NYSE:PLOW) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,000 shares of the auto parts company’s stock, valued at approximately $414,000. Needham Investment Management LLC owned approximately 0.06% of Douglas Dynamics as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in PLOW. The Manufacturers Life Insurance Company increased its holdings 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 worth $207,000 after buying an additional 441 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Douglas Dynamics by 4.0% during 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 acquiring an additional 939 shares during the last quarter. 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 worth $112,000 after acquiring an additional 1,201 shares during the period. FMR LLC raised its holdings in shares of Douglas Dynamics by 88.6% during the third quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock valued at $72,000 after purchasing an additional 1,229 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Douglas Dynamics by 10.0% during the second quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock valued at $600,000 after purchasing an additional 2,329 shares during the period. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Price Performance

Shares of NYSE:PLOW opened at $25.91 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $598.26 million, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.43 and a beta of 1.20. The firm’s 50 day moving average price is $25.80 and its 200-day moving average price is $25.65. Douglas Dynamics, Inc. has a twelve month low of $21.31 and a twelve month high of $31.39.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend was Monday, September 16th. Douglas Dynamics’s dividend payout ratio is presently 51.30%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on PLOW shares. Robert W. Baird cut their target price 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 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.