Rice Hall James & Associates LLC Has $2.41 Million Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Rice Hall James & Associates LLC lessened its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 0.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 87,358 shares of the auto parts company’s stock after selling 802 shares during the period. Rice Hall James & Associates LLC’s holdings in Douglas Dynamics were worth $2,409,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in Douglas Dynamics by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,862 shares of the auto parts company’s stock worth $207,000 after purchasing an additional 441 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Douglas Dynamics by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,302 shares of the auto parts company’s stock worth $587,000 after buying an additional 939 shares in the last quarter. CWM LLC increased its holdings in shares of Douglas Dynamics by 42.2% during the third quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock worth $112,000 after buying an additional 1,201 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of 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 worth $600,000 after buying an additional 2,329 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Douglas Dynamics by 9.2% during the second quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company’s stock worth $794,000 after buying an additional 2,870 shares in the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Robert W. Baird dropped their price objective on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday. StockNews.com lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday.

Douglas Dynamics Price Performance

PLOW opened at $22.98 on Friday. Douglas Dynamics, Inc. has a one year low of $21.31 and a one year high of $31.39. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.04. The company’s 50 day simple moving average is $26.81 and its 200-day simple moving average is $25.35. The stock has a market capitalization of $530.61 million, a P/E ratio of 9.99, a price-to-earnings-growth ratio of 1.10 and a beta of 1.18.

Douglas Dynamics Dividend Announcement

The business 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. The ex-dividend date was Monday, September 16th. This represents a $1.18 annualized dividend and a dividend yield of 5.13%. Douglas Dynamics’s dividend payout ratio (DPR) is currently 51.30%.

Douglas Dynamics Company 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.