Bank of New York Mellon Corp Decreases Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

Bank of New York Mellon Corp lowered its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 5.2% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 222,450 shares of the auto parts company’s stock after selling 12,105 shares during the quarter. Bank of New York Mellon Corp owned about 0.97% of Douglas Dynamics worth $6,647,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PLOW. Wedge Capital Management L L P NC purchased a new position in Douglas Dynamics in the 2nd quarter worth approximately $7,455,000. Medina Value Partners LLC purchased a new position in Douglas Dynamics in the 4th quarter worth approximately $7,822,000. William Blair Investment Management LLC boosted its holdings in Douglas Dynamics by 10.7% in the 1st quarter. William Blair Investment Management LLC now owns 1,049,149 shares of the auto parts company’s stock worth $33,457,000 after acquiring an additional 101,801 shares during the period. Citadel Advisors LLC boosted its holdings in Douglas Dynamics by 1,056.2% in the 2nd quarter. Citadel Advisors LLC now owns 75,364 shares of the auto parts company’s stock worth $2,166,000 after acquiring an additional 68,846 shares during the period. Finally, Sei Investments Co. purchased a new position in Douglas Dynamics in the 1st quarter worth approximately $1,671,000. Hedge funds and other institutional investors own 88.92% of the company’s stock.

Douglas Dynamics Stock Performance

Douglas Dynamics stock opened at $27.61 on Tuesday. The stock has a market cap of $634.48 million, a P/E ratio of 23.80, a price-to-earnings-growth ratio of 1.58 and a beta of 1.05. The company has a current ratio of 1.80, a quick ratio of 0.99 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average of $29.03 and a 200-day moving average of $29.70. Douglas Dynamics, Inc. has a 52 week low of $23.15 and a 52 week high of $41.40.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings results on Monday, October 30th. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.24). The firm had revenue of $144.12 million for the quarter, compared to analyst estimates of $161.80 million. Douglas Dynamics had a net margin of 4.74% and a return on equity of 11.99%. On average, analysts expect that Douglas Dynamics, Inc. will post 1.24 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 19th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.27%. The ex-dividend date was Monday, September 18th. Douglas Dynamics’s dividend payout ratio is currently 101.72%.

Analyst Upgrades and Downgrades

PLOW has been the subject of a number of analyst reports. TheStreet cut Douglas Dynamics from a “b-” rating to a “c+” rating in a report on Monday, October 30th. StockNews.com assumed coverage on Douglas Dynamics in a research note on Thursday, October 5th. They set a “hold” rating for the company.

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.