Pacific Ridge Capital Partners LLC Takes Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Pacific Ridge Capital Partners LLC purchased a new position in Douglas Dynamics, Inc. (NYSE:PLOW) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 20,769 shares of the auto parts company’s stock, valued at approximately $486,000. Pacific Ridge Capital Partners LLC owned about 0.09% of Douglas Dynamics as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its stake in Douglas Dynamics by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,862 shares of the auto parts company’s stock valued at $207,000 after buying an additional 441 shares during the period. Mcmorgan & Co. LLC raised its position in shares of Douglas Dynamics by 4.8% in the 2nd quarter. Mcmorgan & Co. LLC now owns 70,333 shares of the auto parts company’s stock valued at $1,646,000 after acquiring an additional 3,225 shares during the period. AQR Capital Management LLC raised its position in shares of Douglas Dynamics by 248.8% in the 2nd 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 period. Cubist Systematic Strategies LLC boosted its stake in Douglas Dynamics by 81.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 77,836 shares of the auto parts company’s stock worth $1,821,000 after acquiring an additional 34,997 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in Douglas Dynamics by 44.1% during the second quarter. Bank of Montreal Can now owns 28,166 shares of the auto parts company’s stock valued at $659,000 after purchasing an additional 8,616 shares during the period. 91.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Douglas Dynamics Trading Up 0.5 %

NYSE PLOW opened at $27.59 on Friday. Douglas Dynamics, Inc. has a one year low of $21.31 and a one year high of $31.52. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.03 and a quick ratio of 1.04. The firm has a market cap of $637.16 million, a P/E ratio of 23.58, a P/E/G ratio of 1.32 and a beta of 1.18. The stock’s 50-day moving average is $27.38 and its 200-day moving average is $24.89.

Douglas Dynamics (NYSE:PLOW) last announced its earnings results on Monday, July 29th. The auto parts company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.55 by $0.48. The firm had revenue of $199.90 million for the quarter, compared to the consensus estimate 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 last year, the company posted $1.00 EPS. Sell-side analysts anticipate that Douglas Dynamics, Inc. will post 1.5 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

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

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.