Kings Path Partners LLC Takes Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Kings Path Partners LLC bought a new stake in Douglas Dynamics, Inc. (NYSE:PLOW) in the 4th quarter, Holdings Channel reports. The firm bought 17,740 shares of the auto parts company’s stock, valued at approximately $419,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Pzena Investment Management LLC increased its stake in shares of 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 during the last quarter. Harbor Capital Advisors Inc. increased its position in Douglas Dynamics by 149.0% during the third quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company’s stock worth $9,750,000 after buying an additional 211,573 shares during the last quarter. DF Dent & Co. Inc. raised its stake in Douglas Dynamics by 26.3% in the third quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company’s stock valued at $23,599,000 after buying an additional 178,018 shares during the period. AQR Capital Management LLC lifted its position in shares of Douglas Dynamics by 248.8% in the second quarter. AQR Capital Management LLC now owns 158,975 shares of the auto parts company’s stock valued at $3,720,000 after buying an additional 113,393 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Douglas Dynamics by 92.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 226,250 shares of the auto parts company’s stock worth $5,294,000 after acquiring an additional 108,952 shares during the period. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Douglas Dynamics Stock Performance

NYSE:PLOW traded down $0.16 during mid-day trading on Monday, hitting $24.09. 106,506 shares of the stock were exchanged, compared to its average volume of 141,403. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. The firm’s 50-day simple moving average is $24.73 and its 200 day simple moving average is $25.63. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $30.98. The stock has a market capitalization of $556.33 million, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a $0.295 dividend. The ex-dividend date was Monday, December 16th. This represents a $1.18 annualized dividend and a dividend yield of 4.90%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 51.30%.

Wall Street Analyst Weigh In

PLOW has been the topic of a number of research analyst reports. StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird cut their target price on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th.

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.