Anchor Capital Advisors LLC Boosts Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Anchor Capital Advisors LLC increased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 71.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,451 shares of the auto parts company’s stock after acquiring an additional 23,960 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Douglas Dynamics were worth $1,705,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Conestoga Capital Advisors LLC raised its position in Douglas Dynamics by 16.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,191,913 shares of the auto parts company’s stock valued at $65,056,000 after purchasing an additional 311,799 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of Douglas Dynamics during the 3rd quarter worth about $3,379,000. Punch & Associates Investment Management Inc. raised its holdings in Douglas Dynamics by 32.2% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 364,773 shares of the auto parts company’s stock valued at $11,009,000 after buying an additional 88,804 shares during the period. Wellington Management Group LLP lifted its position in Douglas Dynamics by 32.8% in the third quarter. Wellington Management Group LLP now owns 259,918 shares of the auto parts company’s stock valued at $7,844,000 after buying an additional 64,200 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its stake in Douglas Dynamics by 260.9% during the third quarter. GSA Capital Partners LLP now owns 63,333 shares of the auto parts company’s stock worth $1,911,000 after buying an additional 45,785 shares during the period. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reissued a “neutral” rating and issued a $25.00 price target (down from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th.

Douglas Dynamics Trading Up 0.5 %

Douglas Dynamics stock traded up $0.11 during midday trading on Tuesday, reaching $22.60. 99,387 shares of the stock traded hands, compared to its average volume of 244,738. The firm has a market cap of $519.35 million, a PE ratio of 23.43, a price-to-earnings-growth ratio of 1.09 and a beta of 1.14. The company has a current ratio of 2.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.78. The company has a 50-day simple moving average of $23.55 and a two-hundred day simple moving average of $26.19. Douglas Dynamics, Inc. has a 12-month low of $21.35 and a 12-month high of $35.39.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, February 26th. The auto parts company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.17 by $0.12. Douglas Dynamics had a net margin of 4.18% and a return on equity of 10.18%. The business had revenue of $134.25 million during the quarter, compared to analyst estimates of $134.00 million. Research analysts expect that Douglas Dynamics, Inc. will post 1.46 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Monday, March 18th were paid a $0.295 dividend. The ex-dividend date was Friday, March 15th. This represents a $1.18 annualized dividend and a dividend yield of 5.22%. Douglas Dynamics’s dividend payout ratio (DPR) is 122.92%.

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.