Wellington Management Group LLP Grows Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Wellington Management Group LLP increased its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 18.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 308,107 shares of the auto parts company’s stock after purchasing an additional 48,189 shares during the quarter. Wellington Management Group LLP owned 1.34% of Douglas Dynamics worth $9,145,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Conestoga Capital Advisors LLC raised its stake in Douglas Dynamics by 16.6% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,191,913 shares of the auto parts company’s stock worth $65,056,000 after acquiring an additional 311,799 shares during the period. Redmont Wealth Advisors LLC purchased a new position in shares of Douglas Dynamics during the 4th quarter valued at $638,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Douglas Dynamics by 1.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,371,391 shares of the auto parts company’s stock valued at $70,383,000 after buying an additional 26,423 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Douglas Dynamics by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 902,805 shares of the auto parts company’s stock worth $26,796,000 after buying an additional 8,194 shares during the period. Finally, GSA Capital Partners LLP increased its stake in Douglas Dynamics by 260.9% in the 3rd quarter. GSA Capital Partners LLP now owns 63,333 shares of the auto parts company’s stock worth $1,911,000 after buying an additional 45,785 shares in the last quarter. Institutional investors own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PLOW shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $25.00 price objective (down previously from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th. DA Davidson reaffirmed a “buy” rating and set a $31.00 price objective on shares of Douglas Dynamics in a report on Tuesday, April 30th.

Douglas Dynamics Price Performance

PLOW stock opened at $22.86 on Friday. Douglas Dynamics, Inc. has a 52 week low of $21.35 and a 52 week high of $35.39. The firm has a market capitalization of $527.84 million, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 1.24 and a beta of 1.19. The company has a fifty day simple moving average of $24.04 and a two-hundred day simple moving average of $25.16. The company has a quick ratio of 0.60, a current ratio of 2.06 and a debt-to-equity ratio of 0.82.

Douglas Dynamics (NYSE:PLOW) last released its earnings results on Monday, April 29th. The auto parts company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.05). Douglas Dynamics had a net margin of 4.90% and a return on equity of 12.95%. The company had revenue of $95.66 million for the quarter, compared to the consensus estimate of $93.50 million. Analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Monday, June 17th. Douglas Dynamics’s dividend payout ratio is currently 100.86%.

About Douglas Dynamics

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.