Thompson Siegel & Walmsley LLC Raises Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Thompson Siegel & Walmsley LLC lifted its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 92.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 226,250 shares of the auto parts company’s stock after buying an additional 108,952 shares during the quarter. Thompson Siegel & Walmsley LLC owned 0.98% of Douglas Dynamics worth $5,294,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PLOW. Price T Rowe Associates Inc. MD lifted its stake in shares of Douglas Dynamics by 4.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,302 shares of the auto parts company’s stock valued at $587,000 after purchasing an additional 939 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Douglas Dynamics during the 4th quarter valued at approximately $50,000. American Century Companies Inc. boosted its stake in shares of 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 worth $600,000 after acquiring an additional 2,329 shares in the last quarter. CWM LLC grew its holdings in shares of Douglas Dynamics by 20,250.0% in the 2nd quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock worth $67,000 after acquiring an additional 2,835 shares during the period. Finally, Rhumbline Advisers increased its stake in Douglas Dynamics by 9.2% in the 2nd quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company’s stock valued at $794,000 after purchasing an additional 2,870 shares in the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Douglas Dynamics Trading Up 1.7 %

Shares of PLOW opened at $27.56 on Monday. The stock has a market cap of $636.47 million, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.28 and a beta of 1.18. The firm has a 50 day simple moving average of $26.41 and a 200-day simple moving average of $24.69. 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 current ratio of 2.03 and a quick ratio of 1.04.

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

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Monday, September 16th. Douglas Dynamics’s payout ratio is currently 100.85%.

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.