Drystone LLC Takes Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Drystone LLC acquired a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 107,127 shares of the auto parts company’s stock, valued at approximately $2,531,000. Douglas Dynamics accounts for 2.5% of Drystone LLC’s holdings, making the stock its 14th largest holding.

Several other institutional investors have also recently added to or reduced their stakes in the stock. R Squared Ltd acquired a new stake in shares of Douglas Dynamics during the fourth quarter worth about $49,000. FMR LLC increased its stake in Douglas Dynamics by 88.6% during the 3rd 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. CWM LLC lifted its holdings in Douglas Dynamics by 42.2% during the 3rd 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. Quest Partners LLC purchased a new position in Douglas Dynamics in the 3rd quarter valued at approximately $118,000. Finally, Point72 Asset Management L.P. boosted its position in Douglas Dynamics by 113.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock valued at $160,000 after buying an additional 3,636 shares during the period. Institutional investors and hedge funds own 91.85% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on PLOW shares. Robert W. Baird reduced their price objective on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. StockNews.com downgraded Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd.

Douglas Dynamics Stock Up 0.8 %

Shares of Douglas Dynamics stock opened at $26.08 on Thursday. Douglas Dynamics, Inc. has a 52-week low of $21.31 and a 52-week high of $30.98. The company has a 50 day moving average of $24.80 and a 200 day moving average of $25.90. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $602.12 million, a P/E ratio of 11.34, a P/E/G ratio of 1.11 and a beta of 1.21.

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.295 per share. The ex-dividend date was Monday, December 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.53%. Douglas Dynamics’s payout ratio is currently 51.30%.

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.