Douglas Dynamics, Inc. (NYSE:PLOW) Shares Bought by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. grew its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 9.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 157,212 shares of the auto parts company’s stock after buying an additional 13,253 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Douglas Dynamics were worth $3,679,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PLOW. Pzena Investment Management LLC acquired a new stake in shares of Douglas Dynamics in the 2nd quarter valued at approximately $32,804,000. Invenomic Capital Management LP acquired a new stake in shares of Douglas Dynamics in the 1st quarter valued at approximately $3,031,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Douglas Dynamics by 278.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 141,959 shares of the auto parts company’s stock valued at $3,322,000 after buying an additional 104,421 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Douglas Dynamics by 260.6% in the 1st quarter. BNP Paribas Financial Markets now owns 90,001 shares of the auto parts company’s stock valued at $2,171,000 after buying an additional 65,042 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Douglas Dynamics by 18.5% during the fourth quarter. Wellington Management Group LLP now owns 308,107 shares of the auto parts company’s stock worth $9,145,000 after purchasing an additional 48,189 shares during the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

Douglas Dynamics Stock Performance

Shares of PLOW stock opened at $27.56 on Monday. The stock has a fifty day moving average price of $26.41 and a 200 day moving average price of $24.69. The stock has a market cap of $636.47 million, a PE ratio of 23.56, a P/E/G ratio of 1.28 and a beta of 1.18. Douglas Dynamics, Inc. has a 1 year low of $21.31 and a 1 year high of $31.52. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 2.03.

Douglas Dynamics (NYSE:PLOW) last issued its quarterly earnings data on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.48. The firm had revenue of $199.90 million during the quarter, compared to analysts’ expectations of $181.30 million. Douglas Dynamics had a return on equity of 13.38% and a net margin of 5.03%. During the same period in the previous year, the firm posted $1.00 earnings per share. Sell-side analysts forecast that Douglas Dynamics, Inc. will post 1.5 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 4.28%. The ex-dividend date is Monday, September 16th. Douglas Dynamics’s payout ratio is 100.85%.

Analyst Ratings Changes

Separately, StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.

About Douglas Dynamics

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.