The Manufacturers Life Insurance Company Grows Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

The Manufacturers Life Insurance Company lifted its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 5.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,862 shares of the auto parts company’s stock after buying an additional 441 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Douglas Dynamics were worth $207,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. CWM LLC lifted its stake in shares of Douglas Dynamics by 20,250.0% during the 2nd quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock valued at $67,000 after buying an additional 2,835 shares in the last quarter. Blue Trust Inc. purchased a new position in shares of Douglas Dynamics during the 2nd quarter valued at $100,000. SG Americas Securities LLC purchased a new position in shares of Douglas Dynamics during the 2nd quarter valued at $117,000. Quadrature Capital Ltd purchased a new stake in Douglas Dynamics in the 4th quarter worth $207,000. Finally, Quantbot Technologies LP purchased a new stake in Douglas Dynamics in the 1st quarter worth $196,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Stock Down 1.3 %

Shares of PLOW stock opened at $27.11 on Friday. The stock has a market cap of $625.97 million, a P/E ratio of 22.97, a PEG ratio of 1.25 and a beta of 1.18. Douglas Dynamics, Inc. has a 52 week low of $21.31 and a 52 week high of $31.39. 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 fifty day simple moving average is $27.34 and its two-hundred day simple moving average is $25.24.

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

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend was Monday, September 16th. Douglas Dynamics’s dividend payout ratio is 100.00%.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Douglas Dynamics 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.