Olstein Capital Management L.P. Grows Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Olstein Capital Management L.P. raised its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 11.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,000 shares of the auto parts company’s stock after purchasing an additional 8,000 shares during the quarter. Olstein Capital Management L.P.’s holdings in Douglas Dynamics were worth $1,772,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pzena Investment Management LLC raised its position 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 valued at $44,813,000 after purchasing an additional 222,945 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Douglas Dynamics by 149.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company’s stock valued at $9,750,000 after acquiring an additional 211,573 shares during the last quarter. DF Dent & Co. Inc. boosted its holdings in shares of Douglas Dynamics by 26.3% in the 3rd quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company’s stock worth $23,599,000 after purchasing an additional 178,018 shares during the period. AQR Capital Management LLC increased its position in Douglas Dynamics by 248.8% during 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 acquiring an additional 113,393 shares during the last quarter. Finally, Dean Investment Associates LLC bought a new position in Douglas Dynamics during the 3rd quarter valued at about $2,676,000. 91.85% of the stock is currently owned by institutional investors.

Douglas Dynamics Price Performance

Shares of PLOW stock opened at $25.85 on Friday. The company has a market cap of $596.97 million, a P/E ratio of 11.24, a PEG ratio of 1.11 and a beta of 1.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The stock’s 50-day moving average is $24.73 and its 200 day moving average is $25.82. Douglas Dynamics, Inc. has a 1-year low of $21.31 and a 1-year high of $30.98.

Douglas Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Monday, December 16th. Douglas Dynamics’s payout ratio is currently 51.30%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Robert W. Baird lowered their price objective on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. StockNews.com lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday.

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.