Nisa Investment Advisors LLC Purchases 4,375 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Nisa Investment Advisors LLC increased its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 55.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 12,258 shares of the auto parts company’s stock after buying an additional 4,375 shares during the period. Nisa Investment Advisors LLC owned 0.05% of Douglas Dynamics worth $290,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in Douglas Dynamics by 88.6% in the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock valued at $72,000 after buying an additional 1,229 shares during the period. CWM LLC increased its stake in shares of Douglas Dynamics by 42.2% in the 3rd quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock valued at $112,000 after acquiring an additional 1,201 shares in the last quarter. Quest Partners LLC bought a new position in Douglas Dynamics in the third quarter worth approximately $118,000. Point72 Asset Management L.P. grew its holdings in shares of Douglas Dynamics by 113.6% during the second 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 last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Douglas Dynamics by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 8,862 shares of the auto parts company’s stock worth $207,000 after buying an additional 441 shares in the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PLOW shares. Robert W. Baird lowered their target price 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 lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd.

Douglas Dynamics Trading Up 0.8 %

Shares of PLOW opened at $26.08 on Thursday. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a twelve month low of $21.31 and a twelve month high of $30.98. The stock has a market capitalization of $602.12 million, a P/E ratio of 11.34, a PEG ratio of 1.11 and a beta of 1.21. The firm has a fifty day simple moving average of $24.80 and a two-hundred day simple moving average of $25.90.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 4.53%. The ex-dividend date was Monday, December 16th. Douglas Dynamics’s dividend 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.