Cwm LLC Acquires 1,201 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Cwm LLC raised its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 42.2% during the third quarter, HoldingsChannel reports. The firm owned 4,050 shares of the auto parts company’s stock after purchasing an additional 1,201 shares during the period. Cwm LLC’s holdings in Douglas Dynamics were worth $112,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its stake in Douglas Dynamics by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,862 shares of the auto parts company’s stock valued at $207,000 after purchasing an additional 441 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Douglas Dynamics by 4.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,302 shares of the auto parts company’s stock worth $587,000 after buying an additional 939 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Douglas Dynamics by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock worth $600,000 after acquiring an additional 2,329 shares in the last quarter. Rhumbline Advisers lifted its position in Douglas Dynamics by 9.2% during the second quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company’s stock valued at $794,000 after acquiring an additional 2,870 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Douglas Dynamics by 58.6% during the third quarter. SG Americas Securities LLC now owns 7,964 shares of the auto parts company’s stock worth $220,000 after purchasing an additional 2,943 shares in the last quarter. Institutional investors own 91.85% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday.

Douglas Dynamics Stock Up 0.4 %

PLOW stock opened at $25.66 on Friday. 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 52 week low of $21.31 and a 52 week high of $31.39. The stock has a market capitalization of $592.49 million, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.24 and a beta of 1.18. The firm has a 50 day moving average of $27.24 and a 200 day moving average of $25.31.

Douglas Dynamics (NYSE:PLOW) last issued its earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.48. The company had revenue of $199.90 million during 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 last year, the business posted $1.00 EPS. Sell-side analysts forecast that Douglas Dynamics, Inc. will post 1.5 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.295 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.18 annualized dividend and a yield of 4.60%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 100.00%.

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.