Thompson Siegel & Walmsley LLC Boosts Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Thompson Siegel & Walmsley LLC raised its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 92.9% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 226,250 shares of the auto parts company’s stock after purchasing an additional 108,952 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Douglas Dynamics were worth $5,294,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Price T Rowe Associates Inc. MD boosted its stake in Douglas Dynamics by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,302 shares of the auto parts company’s stock valued at $587,000 after acquiring an additional 939 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Douglas Dynamics during the fourth quarter worth about $50,000. American Century Companies Inc. lifted its position in shares of 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. CWM LLC grew its stake in Douglas Dynamics by 20,250.0% in the second quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock worth $67,000 after purchasing an additional 2,835 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Douglas Dynamics by 9.2% in the second quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company’s stock valued at $794,000 after buying an additional 2,870 shares during the last quarter. Institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Price Performance

PLOW opened at $27.56 on Monday. The company has a quick ratio of 1.04, a current ratio of 2.03 and a debt-to-equity ratio of 0.73. The company’s 50-day moving average price is $26.41 and its 200 day moving average price is $24.69. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $31.52. The firm has a market cap of $636.47 million, a price-to-earnings ratio of 23.56, a price-to-earnings-growth ratio of 1.28 and a beta of 1.18.

Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, July 29th. The auto parts company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.55 by $0.48. The company had revenue of $199.90 million during the quarter, compared to analyst estimates of $181.30 million. Douglas Dynamics had a return on equity of 13.38% and a net margin of 5.03%. During the same period in the prior year, the company earned $1.00 earnings per share. As a group, sell-side analysts expect that Douglas Dynamics, Inc. will post 1.5 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a $0.295 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.28%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 100.85%.

Analyst Ratings Changes

Separately, StockNews.com lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.

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.