Bank of Montreal Can Grows Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Bank of Montreal Can grew its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 44.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,166 shares of the auto parts company’s stock after purchasing an additional 8,616 shares during the quarter. Bank of Montreal Can owned approximately 0.12% of Douglas Dynamics worth $659,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its position in Douglas Dynamics by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,302 shares of the auto parts company’s stock valued at $587,000 after purchasing an additional 939 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Douglas Dynamics by 10.0% in the second quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock valued at $600,000 after acquiring an additional 2,329 shares in the last quarter. CWM LLC raised its holdings in shares of Douglas Dynamics by 20,250.0% in the second quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock valued at $67,000 after acquiring an additional 2,835 shares in the last quarter. Rhumbline Advisers lifted its stake in Douglas Dynamics by 9.2% in the second quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company’s stock worth $794,000 after acquiring an additional 2,870 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its holdings in Douglas Dynamics by 20.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 18,969 shares of the auto parts company’s stock worth $444,000 after acquiring an additional 3,247 shares in the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Douglas Dynamics Trading Down 1.1 %

Shares of NYSE:PLOW opened at $26.60 on Wednesday. The company has a market capitalization of $614.30 million, a PE ratio of 22.74, a P/E/G ratio of 1.30 and a beta of 1.18. 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 12-month low of $21.31 and a 12-month high of $31.52. The business’s fifty day simple moving average is $27.51 and its 200-day simple moving average is $25.10.

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

Douglas Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.18 annualized dividend and a dividend yield of 4.44%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 100.85%.

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.