Dean Investment Associates LLC Makes New Investment in Douglas Dynamics, Inc. (NYSE:PLOW)

Dean Investment Associates LLC bought a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 97,012 shares of the auto parts company’s stock, valued at approximately $2,676,000. Dean Investment Associates LLC owned 0.42% of Douglas Dynamics at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. CWM LLC increased its stake in shares of Douglas Dynamics by 20,250.0% during the 2nd quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock worth $67,000 after purchasing an additional 2,835 shares in the last quarter. FMR LLC increased its stake in shares of 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 purchasing an additional 1,229 shares in the last quarter. Blue Trust Inc. acquired a new stake in Douglas Dynamics during the second quarter worth approximately $100,000. SG Americas Securities LLC acquired a new stake in Douglas Dynamics during the second quarter worth approximately $117,000. Finally, Quest Partners LLC acquired a new stake in Douglas Dynamics during the third quarter worth approximately $118,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on PLOW shares. Robert W. Baird decreased their target price on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. StockNews.com lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, October 31st.

Douglas Dynamics Stock Performance

Douglas Dynamics stock opened at $25.43 on Monday. Douglas Dynamics, Inc. has a 12-month low of $21.31 and a 12-month high of $31.39. The company has a market capitalization of $587.18 million, a price-to-earnings ratio of 11.06, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The firm’s fifty day moving average price is $25.65 and its 200 day moving average price is $25.66.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.64%. The ex-dividend date is Monday, December 16th. Douglas Dynamics’s payout ratio 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.