New York Life Investment Management LLC decreased its position in Douglas Dynamics, Inc. (NYSE:PLOW – Free Report) by 8.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,045 shares of the auto parts company’s stock after selling 1,356 shares during the quarter. New York Life Investment Management LLC owned approximately 0.07% of Douglas Dynamics worth $480,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of PLOW. Advisor Group Holdings Inc. increased its holdings in shares of Douglas Dynamics by 52.8% during the first quarter. Advisor Group Holdings Inc. now owns 7,992 shares of the auto parts company’s stock valued at $146,000 after acquiring an additional 2,762 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Douglas Dynamics by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 228,350 shares of the auto parts company’s stock valued at $7,899,000 after acquiring an additional 2,563 shares in the last quarter. Natixis Advisors L.P. increased its holdings in shares of Douglas Dynamics by 1.1% during the first quarter. Natixis Advisors L.P. now owns 32,297 shares of the auto parts company’s stock valued at $1,117,000 after acquiring an additional 348 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Douglas Dynamics by 58.2% during the first quarter. MetLife Investment Management LLC now owns 12,125 shares of the auto parts company’s stock valued at $419,000 after acquiring an additional 4,460 shares in the last quarter. Finally, Raymond James Trust N.A. increased its holdings in shares of Douglas Dynamics by 8.2% during the first quarter. Raymond James Trust N.A. now owns 5,946 shares of the auto parts company’s stock valued at $206,000 after acquiring an additional 452 shares in the last quarter. 90.08% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several equities research analysts recently commented on PLOW shares. StockNews.com started coverage on Douglas Dynamics in a research report on Thursday, May 18th. They set a “hold” rating on the stock. TheStreet raised Douglas Dynamics from a “c” rating to a “b-” rating in a research report on Tuesday, August 1st. Robert W. Baird dropped their price objective on Douglas Dynamics from $48.00 to $46.00 in a research report on Tuesday, April 18th. Finally, DA Davidson dropped their price objective on Douglas Dynamics from $46.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday, April 19th.
Douglas Dynamics Trading Down 1.4 %
Shares of NYSE:PLOW opened at $31.47 on Wednesday. The stock has a market capitalization of $723.18 million, a price-to-earnings ratio of 21.26, a PEG ratio of 1.47 and a beta of 1.00. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.00 and a current ratio of 2.02. The stock’s 50-day simple moving average is $30.48 and its two-hundred day simple moving average is $31.87. Douglas Dynamics, Inc. has a 52-week low of $25.49 and a 52-week high of $41.40.
Douglas Dynamics Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were given a $0.295 dividend. The ex-dividend date of this dividend was Thursday, June 15th. This represents a $1.18 annualized dividend and a yield of 3.75%. Douglas Dynamics’s payout ratio is 79.73%.
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.
Featured Articles
- Five stocks we like better than Douglas Dynamics
- How to Invest in Solar Energy
- On Holding Slips Into A More Comfortable Price PointÂ
- Conference Calls and Individual Investors
- 3 Growing Cannabis Stocks Ready To Bloom
- What Are Defense Contractor Stocks? How to Invest in Defense
- Will Meta’s Pullback Offer Buy Point After AI-Driven Surge?
Receive News & Ratings for Douglas Dynamics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Douglas Dynamics and related companies with MarketBeat.com's FREE daily email newsletter.
