Douglas Dynamics, Inc. (NYSE:PLOW) Shares Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. grew its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 113.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,836 shares of the auto parts company’s stock after acquiring an additional 3,636 shares during the quarter. Point72 Asset Management L.P.’s holdings in Douglas Dynamics were worth $160,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Pzena Investment Management LLC acquired a new stake in Douglas Dynamics during the 2nd quarter worth approximately $32,804,000. Invenomic Capital Management LP acquired a new stake in shares of Douglas Dynamics in the first quarter worth $3,031,000. AQR Capital Management LLC raised its stake in shares of Douglas Dynamics by 248.8% in the 2nd quarter. AQR Capital Management LLC now owns 158,975 shares of the auto parts company’s stock valued at $3,720,000 after acquiring an additional 113,393 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings 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 acquiring an additional 108,952 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Douglas Dynamics by 278.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 141,959 shares of the auto parts company’s stock valued at $3,322,000 after acquiring an additional 104,421 shares in the last quarter. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Douglas Dynamics Trading Up 0.4 %

NYSE PLOW opened at $26.99 on Friday. The stock has a market cap of $623.31 million, a P/E ratio of 23.07, a PEG ratio of 1.31 and a beta of 1.18. The company’s fifty day simple moving average is $27.59 and its 200-day simple moving average is $25.02. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. Douglas Dynamics, Inc. has a 52 week low of $21.31 and a 52 week high of $31.52.

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

Douglas Dynamics Dividend Announcement

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

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.