Olstein Capital Management L.P. Increases Stock Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Olstein Capital Management L.P. raised its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 11.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 75,000 shares of the auto parts company’s stock after acquiring an additional 8,000 shares during the quarter. Olstein Capital Management L.P. owned approximately 0.32% of Douglas Dynamics worth $1,772,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of Douglas Dynamics by 5.2% in the 2nd 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 during the period. CWM LLC lifted its holdings in Douglas Dynamics by 42.2% in 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 during the period. FMR LLC lifted its holdings in Douglas Dynamics by 88.6% in the third quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after buying an additional 1,229 shares during the period. American Century Companies Inc. boosted its position in Douglas Dynamics by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock valued at $600,000 after acquiring an additional 2,329 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Douglas Dynamics by 0.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 355,977 shares of the auto parts company’s stock worth $8,412,000 after acquiring an additional 2,445 shares during the period. 91.85% of the stock is owned by institutional investors.

Douglas Dynamics Price Performance

PLOW stock opened at $25.85 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. The firm has a 50 day moving average price of $24.73 and a 200-day moving average price of $25.82. Douglas Dynamics, Inc. has a 52-week low of $21.31 and a 52-week high of $30.98. The firm has a market capitalization of $596.97 million, a price-to-earnings ratio of 11.24, a PEG ratio of 1.11 and a beta of 1.21.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Monday, December 16th. Douglas Dynamics’s dividend payout ratio (DPR) is 51.30%.

Analyst Ratings Changes

A number of research analysts have recently commented on PLOW shares. Robert W. Baird lowered their target price on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday.

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.