Systematic Alpha Investments LLC bought a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,000 shares of the auto parts company’s stock, valued at approximately $438,000.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Arrowstreet Capital Limited Partnership purchased a new position in Douglas Dynamics in the 2nd quarter worth approximately $4,651,000. Prudential Financial Inc. purchased a new stake in Douglas Dynamics during the 2nd quarter valued at $3,532,000. American Century Companies Inc. grew its holdings in Douglas Dynamics by 223.0% in the 2nd quarter. American Century Companies Inc. now owns 170,598 shares of the auto parts company’s stock worth $5,028,000 after acquiring an additional 117,782 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of Douglas Dynamics by 112.4% during the second quarter. Russell Investments Group Ltd. now owns 220,709 shares of the auto parts company’s stock valued at $6,504,000 after acquiring an additional 116,778 shares during the last quarter. Finally, Gabelli Funds LLC purchased a new stake in shares of Douglas Dynamics during the second quarter worth about $3,099,000. 91.85% of the stock is currently owned by institutional investors.
Douglas Dynamics Stock Performance
Shares of Douglas Dynamics stock opened at $44.88 on Friday. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $47.16. The firm has a market capitalization of $1.04 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.31 and a beta of 1.20. The company has a current ratio of 2.78, a quick ratio of 1.17 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $39.02 and a two-hundred day simple moving average of $34.42.
Douglas Dynamics Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be paid a dividend of $0.295 per share. The ex-dividend date of this dividend is Tuesday, March 17th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.6%. Douglas Dynamics’s dividend payout ratio (DPR) is currently 59.90%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on PLOW. Zacks Research upgraded Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 26th. Wall Street Zen upgraded shares of Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 28th. Weiss Ratings raised shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 27th. Robert W. Baird set a $50.00 target price on shares of Douglas Dynamics in a research report on Wednesday, February 25th. Finally, Freedom Capital lowered shares of Douglas Dynamics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $48.67.
Check Out Our Latest Report on Douglas Dynamics
Douglas Dynamics Company Profile
Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company’s product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.
Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.
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