Harbor Capital Advisors Inc. Raises Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

Harbor Capital Advisors Inc. increased its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 149.0% in the third quarter, HoldingsChannel.com reports. The firm owned 353,532 shares of the auto parts company’s stock after acquiring an additional 211,573 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in Douglas Dynamics were worth $9,750,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PLOW. The Manufacturers Life Insurance Company grew its position in Douglas Dynamics by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 8,862 shares of the auto parts company’s stock worth $207,000 after buying an additional 441 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Douglas Dynamics by 4.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,302 shares of the auto parts company’s stock worth $587,000 after acquiring an additional 939 shares during the period. CWM LLC increased its stake in Douglas Dynamics by 42.2% in the 3rd quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock valued at $112,000 after purchasing an additional 1,201 shares in the last quarter. American Century Companies Inc. raised its holdings in Douglas Dynamics by 10.0% during the second quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock worth $600,000 after purchasing an additional 2,329 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Douglas Dynamics by 9.2% during the second quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company’s stock worth $794,000 after purchasing an additional 2,870 shares in the last quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

PLOW has been the subject of a number of research analyst reports. Robert W. Baird dropped their price target on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday.

Douglas Dynamics Price Performance

PLOW stock opened at $22.96 on Friday. The stock’s 50 day moving average price is $26.81 and its 200 day moving average price is $25.35. The firm has a market cap of $530.15 million, a P/E ratio of 9.98, a PEG ratio of 1.24 and a beta of 1.19. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.04 and a current ratio of 2.14. Douglas Dynamics, Inc. has a 1 year low of $21.31 and a 1 year high of $31.39.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date was Monday, September 16th. Douglas Dynamics’s payout ratio is currently 51.30%.

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.