Harbor Capital Advisors Inc. Buys 2,445 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Harbor Capital Advisors Inc. raised its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 0.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 355,977 shares of the auto parts company’s stock after buying an additional 2,445 shares during the period. Harbor Capital Advisors Inc.’s holdings in Douglas Dynamics were worth $8,412,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PLOW. Allspring Global Investments Holdings LLC boosted its position in Douglas Dynamics by 1.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,420,408 shares of the auto parts company’s stock worth $66,755,000 after buying an additional 36,797 shares during the period. Pzena Investment Management LLC increased its holdings in Douglas Dynamics by 15.9% during the 3rd quarter. Pzena Investment Management LLC now owns 1,624,820 shares of the auto parts company’s stock worth $44,813,000 after purchasing an additional 222,945 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Douglas Dynamics by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company’s stock valued at $20,590,000 after purchasing an additional 14,835 shares during the last quarter. DF Dent & Co. Inc. lifted its holdings in Douglas Dynamics by 26.3% during the third quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company’s stock worth $23,599,000 after acquiring an additional 178,018 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Douglas Dynamics by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 516,457 shares of the auto parts company’s stock valued at $14,247,000 after acquiring an additional 6,657 shares during the period. Institutional investors and hedge funds own 91.85% of the company’s stock.

Douglas Dynamics Trading Down 2.7 %

Douglas Dynamics stock traded down $0.66 during mid-day trading on Friday, reaching $23.38. 47,407 shares of the company traded hands, compared to its average volume of 151,075. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. Douglas Dynamics, Inc. has a 52-week low of $21.31 and a 52-week high of $30.98. The firm’s 50 day moving average price is $24.75 and its 200 day moving average price is $25.62. The firm has a market capitalization of $539.94 million, a price-to-earnings ratio of 10.17, a P/E/G ratio of 1.40 and a beta of 1.21.

Douglas Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend was Monday, December 16th. Douglas Dynamics’s payout ratio is presently 51.30%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PLOW. StockNews.com raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Tuesday. Robert W. Baird decreased their price target on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th.

About Douglas Dynamics

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.