Legato Capital Management LLC Sells 7,395 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Legato Capital Management LLC reduced its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 19.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,641 shares of the auto parts company’s stock after selling 7,395 shares during the quarter. Legato Capital Management LLC owned approximately 0.13% of Douglas Dynamics worth $724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Douglas Dynamics by 0.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company’s stock valued at $57,819,000 after acquiring an additional 20,233 shares during the period. Drystone LLC bought a new position in shares of Douglas Dynamics during the fourth quarter valued at $2,531,000. R Squared Ltd bought a new position in shares of Douglas Dynamics during the fourth quarter valued at $49,000. Olstein Capital Management L.P. lifted its holdings in shares of Douglas Dynamics by 11.9% during the fourth quarter. Olstein Capital Management L.P. now owns 75,000 shares of the auto parts company’s stock valued at $1,772,000 after acquiring an additional 8,000 shares during the period. Finally, D.B. Root & Company LLC lifted its holdings in shares of Douglas Dynamics by 22.4% during the fourth quarter. D.B. Root & Company LLC now owns 17,292 shares of the auto parts company’s stock valued at $409,000 after acquiring an additional 3,163 shares during the period. 91.85% of the stock is owned by institutional investors.

Douglas Dynamics Stock Performance

Douglas Dynamics stock opened at $25.81 on Friday. The stock has a 50-day simple moving average of $24.78 and a 200 day simple moving average of $25.96. 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 12-month low of $21.31 and a 12-month high of $30.98. The stock has a market capitalization of $595.94 million, a price-to-earnings ratio of 11.22, a P/E/G ratio of 1.11 and a beta of 1.21.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.295 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.57%. Douglas Dynamics’s dividend payout ratio is 51.30%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PLOW shares. StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Robert W. Baird cut their price objective on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th.

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.