Versor Investments LP Cuts Position in Douglas Dynamics, Inc. $PLOW

Versor Investments LP decreased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 43.3% during the third quarter, HoldingsChannel reports. The firm owned 22,517 shares of the auto parts company’s stock after selling 17,200 shares during the period. Versor Investments LP’s holdings in Douglas Dynamics were worth $704,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of Douglas Dynamics by 28.3% during the 1st quarter. Royal Bank of Canada now owns 88,051 shares of the auto parts company’s stock valued at $2,045,000 after purchasing an additional 19,447 shares during the last quarter. AQR Capital Management LLC boosted its stake in Douglas Dynamics by 10.2% in the first quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company’s stock worth $2,636,000 after buying an additional 10,535 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Douglas Dynamics by 4.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company’s stock worth $314,000 after buying an additional 546 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Douglas Dynamics by 11.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,513 shares of the auto parts company’s stock valued at $1,777,000 after acquiring an additional 7,733 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Douglas Dynamics by 18.8% during the second quarter. CWM LLC now owns 6,413 shares of the auto parts company’s stock worth $189,000 after acquiring an additional 1,013 shares in the last quarter. Institutional investors own 91.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Douglas Dynamics in a research note on Monday, December 29th. DA Davidson reissued a “buy” rating and issued a $39.00 price target on shares of Douglas Dynamics in a research note on Monday, December 8th. Finally, Wall Street Zen cut Douglas Dynamics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Douglas Dynamics Trading Up 1.9%

Shares of PLOW opened at $41.56 on Thursday. The stock has a market capitalization of $957.54 million, a P/E ratio of 23.61, a PEG ratio of 1.36 and a beta of 1.26. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $41.78. The company has a quick ratio of 1.09, a current ratio of 2.01 and a debt-to-equity ratio of 0.50. The firm has a fifty day simple moving average of $35.59 and a two-hundred day simple moving average of $32.88.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were paid a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $1.18 annualized dividend and a dividend yield of 2.8%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 67.05%.

Douglas Dynamics Company Profile

Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company’s product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.

Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.