William Blair Investment Management LLC Has $9.74 Million Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

William Blair Investment Management LLC reduced its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 50.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 416,394 shares of the auto parts company’s stock after selling 432,009 shares during the period. William Blair Investment Management LLC owned 1.80% of Douglas Dynamics worth $9,744,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. bought a new stake in Douglas Dynamics during the fourth quarter worth $50,000. CWM LLC raised 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 valued at $67,000 after purchasing an additional 2,835 shares during the period. Blue Trust Inc. acquired a new stake in Douglas Dynamics in the 2nd quarter valued at about $100,000. SG Americas Securities LLC bought a new position in Douglas Dynamics during the second quarter worth about $117,000. Finally, Quest Partners LLC acquired a new position in Douglas Dynamics during the fourth quarter worth approximately $150,000. 91.85% of the stock is owned by institutional investors.

Douglas Dynamics Stock Up 0.7 %

PLOW stock opened at $27.45 on Tuesday. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week 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. The stock has a market capitalization of $633.82 million, a price-to-earnings ratio of 23.46, a PEG ratio of 1.29 and a beta of 1.18. The business’s fifty day moving average price is $26.52 and its two-hundred day moving average price is $24.71.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) 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 firm had revenue of $199.90 million during the quarter, compared to the consensus estimate of $181.30 million. During the same quarter in the previous year, the firm posted $1.00 EPS. On average, equities analysts anticipate that Douglas Dynamics, Inc. will post 1.5 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Monday, September 16th. Douglas Dynamics’s payout ratio is currently 100.86%.

Analysts Set New Price Targets

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

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.