Susquehanna Fundamental Investments LLC boosted its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW – Free Report) by 356.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,192 shares of the auto parts company’s stock after acquiring an additional 21,239 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.12% of Douglas Dynamics worth $1,467,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PLOW. BlackRock Inc. acquired a new position in shares of Douglas Dynamics during the second quarter worth $109,009,000. Vanguard Group Inc. grew its stake in shares of Douglas Dynamics by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,478,522 shares of the auto parts company’s stock worth $48,274,000 after purchasing an additional 5,465 shares during the last quarter. Pzena Investment Management LLC acquired a new stake in Douglas Dynamics in the second quarter valued at $74,703,000. Punch & Associates Investment Management Inc. acquired a new stake in Douglas Dynamics in the second quarter valued at $35,570,000. Finally, State Street Corp raised its position in Douglas Dynamics by 0.4% during the 4th quarter. State Street Corp now owns 629,795 shares of the auto parts company’s stock worth $20,563,000 after purchasing an additional 2,804 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.
Douglas Dynamics Trading Down 1.1%
PLOW opened at $40.61 on Wednesday. The company has a fifty day moving average price of $44.81 and a two-hundred day moving average price of $44.64. Douglas Dynamics, Inc. has a 1-year low of $28.52 and a 1-year high of $55.00. The company has a market cap of $937.28 million, a P/E ratio of 18.46, a price-to-earnings-growth ratio of 0.90 and a beta of 1.19. The company has a current ratio of 2.16, a quick ratio of 1.03 and a debt-to-equity ratio of 0.44.
Douglas Dynamics Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Tuesday, June 16th. Douglas Dynamics’s dividend payout ratio (DPR) is currently 53.64%.
Wall Street Analyst Weigh In
A number of analysts have weighed in on the stock. Robert W. Baird decreased their target price on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, August 4th. Weiss Ratings upgraded shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Zacks Research lowered shares of Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 4th. Wall Street Zen cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Freedom Capital raised shares of Douglas Dynamics from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Douglas Dynamics has a consensus rating of “Moderate Buy” and an average price target of $51.67.
View Our Latest Research Report on Douglas Dynamics
Douglas Dynamics 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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