Douglas Dynamics, Inc. (NYSE:PLOW) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC grew its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 109.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 66,695 shares of the auto parts company’s stock after purchasing an additional 34,873 shares during the quarter. Jane Street Group LLC’s holdings in Douglas Dynamics were worth $1,839,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC lifted its stake in shares of Douglas Dynamics by 88.6% during the third quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock valued at $72,000 after buying an additional 1,229 shares during the period. CWM LLC lifted its stake in shares of Douglas Dynamics by 42.2% during the 3rd quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock worth $112,000 after purchasing an additional 1,201 shares during the period. Quest Partners LLC acquired a new stake in shares of Douglas Dynamics during the third quarter worth $118,000. Point72 Asset Management L.P. grew its position in shares of Douglas Dynamics by 113.6% in the second quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock valued at $160,000 after purchasing an additional 3,636 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in Douglas Dynamics in the third quarter valued at $207,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. StockNews.com lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird decreased their target price on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th.

Douglas Dynamics Trading Down 0.3 %

Shares of PLOW opened at $23.54 on Thursday. Douglas Dynamics, Inc. has a twelve month low of $21.31 and a twelve month high of $30.98. The firm has a market capitalization of $543.63 million, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock’s fifty day simple moving average is $25.09 and its 200 day simple moving average is $25.62.

Douglas Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Monday, December 16th. Douglas Dynamics’s dividend payout ratio is currently 51.30%.

About Douglas Dynamics

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.