Hotchkis & Wiley Capital Management LLC Increases Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Hotchkis & Wiley Capital Management LLC grew its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 78.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 202,680 shares of the auto parts company’s stock after buying an additional 88,940 shares during the period. Hotchkis & Wiley Capital Management LLC’s holdings in Douglas Dynamics were worth $5,590,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC increased its stake in shares of Douglas Dynamics by 20,250.0% during the second 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. FMR LLC increased its stake in shares of Douglas Dynamics by 88.6% during the third quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 1,229 shares during the period. Blue Trust Inc. acquired a new position in shares of Douglas Dynamics during the second quarter worth about $100,000. SG Americas Securities LLC acquired a new position in shares of Douglas Dynamics during the second quarter worth about $117,000. Finally, Quest Partners LLC acquired a new position in shares of Douglas Dynamics during the third quarter worth about $118,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Douglas Dynamics Trading Down 3.5 %

Shares of PLOW opened at $25.33 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average is $25.70 and its two-hundred day moving average is $25.66. Douglas Dynamics, Inc. has a twelve month low of $21.31 and a twelve month high of $31.39. The firm has a market capitalization of $584.87 million, a P/E ratio of 11.01, a PEG ratio of 1.42 and a beta of 1.20.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on PLOW shares. Robert W. Baird dropped their price target on shares of 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 lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st.

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.