Douglas Dynamics, Inc. $PLOW Stock Position Raised by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 22.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 134,400 shares of the auto parts company’s stock after purchasing an additional 24,300 shares during the period. Hillsdale Investment Management Inc. owned 0.58% of Douglas Dynamics worth $4,201,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PLOW. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Douglas Dynamics in the second quarter worth $4,651,000. Prudential Financial Inc. purchased a new stake in Douglas Dynamics in the 2nd quarter worth about $3,532,000. American Century Companies Inc. lifted its stake in Douglas Dynamics by 223.0% in the 2nd quarter. American Century Companies Inc. now owns 170,598 shares of the auto parts company’s stock worth $5,028,000 after acquiring an additional 117,782 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Douglas Dynamics by 112.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 220,709 shares of the auto parts company’s stock worth $6,504,000 after acquiring an additional 116,778 shares during the period. Finally, Gabelli Funds LLC purchased a new position in Douglas Dynamics during the 2nd quarter valued at about $3,099,000. 91.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Douglas Dynamics Price Performance

Shares of PLOW opened at $42.77 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.09 and a current ratio of 2.01. The firm has a market cap of $985.42 million, a PE ratio of 24.30, a PEG ratio of 1.43 and a beta of 1.26. The firm’s 50 day moving average price is $36.89 and its 200 day moving average price is $33.57. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $42.88.

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 16th were issued a $0.295 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $1.18 dividend on an annualized basis and a yield of 2.8%. Douglas Dynamics’s dividend payout ratio is currently 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.