Douglas Dynamics, Inc. (NYSE:PLOW) Stock Position Lifted by Sei Investments Co.

Sei Investments Co. increased its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 13.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,403 shares of the auto parts company’s stock after purchasing an additional 9,541 shares during the quarter. Sei Investments Co. owned about 0.35% of Douglas Dynamics worth $1,881,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of Douglas Dynamics by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company’s stock worth $20,590,000 after buying an additional 14,835 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its position in shares of Douglas Dynamics by 92.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 226,250 shares of the auto parts company’s stock valued at $5,294,000 after purchasing an additional 108,952 shares in the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of Douglas Dynamics by 9.2% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 157,212 shares of the auto parts company’s stock worth $3,679,000 after purchasing an additional 13,253 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Douglas Dynamics by 20.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 18,969 shares of the auto parts company’s stock valued at $444,000 after purchasing an additional 3,247 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in Douglas Dynamics by 10.0% during the second quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock worth $600,000 after buying an additional 2,329 shares in the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

Douglas Dynamics Trading Up 0.4 %

Shares of NYSE:PLOW opened at $26.99 on Friday. The firm has a fifty day moving average of $27.59 and a two-hundred day moving average of $25.02. The company has a quick ratio of 1.04, a current ratio of 2.03 and a debt-to-equity ratio of 0.73. Douglas Dynamics, Inc. has a 12-month low of $21.31 and a 12-month high of $31.52. The firm has a market capitalization of $623.31 million, a P/E ratio of 23.07, a price-to-earnings-growth ratio of 1.31 and a beta of 1.18.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, July 29th. The auto parts company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.48. Douglas Dynamics had a return on equity of 13.38% and a net margin of 5.03%. The firm had revenue of $199.90 million for the quarter, compared to the consensus estimate of $181.30 million. During the same quarter in the previous year, the company posted $1.00 earnings per share. On average, equities analysts expect that Douglas Dynamics, Inc. will post 1.5 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend was Monday, September 16th. Douglas Dynamics’s dividend payout ratio is 100.85%.

Analyst Upgrades and Downgrades

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

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.