Olstein Capital Management L.P. Purchases New Shares in Douglas Dynamics, Inc. (NYSE:PLOW)

Olstein Capital Management L.P. acquired a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 44,000 shares of the auto parts company’s stock, valued at approximately $1,061,000. Olstein Capital Management L.P. owned 0.19% of Douglas Dynamics as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in PLOW. Allspring Global Investments Holdings LLC increased its position in shares of Douglas Dynamics by 1.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,371,391 shares of the auto parts company’s stock worth $70,383,000 after purchasing an additional 26,423 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in shares of Douglas Dynamics by 16.6% in the fourth quarter. Conestoga Capital Advisors LLC now owns 2,191,913 shares of the auto parts company’s stock worth $65,056,000 after buying an additional 311,799 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Douglas Dynamics by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 902,805 shares of the auto parts company’s stock worth $26,796,000 after acquiring an additional 8,194 shares during the last quarter. Wellington Management Group LLP grew its stake in Douglas Dynamics by 18.5% during the 4th quarter. Wellington Management Group LLP now owns 308,107 shares of the auto parts company’s stock valued at $9,145,000 after acquiring an additional 48,189 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Douglas Dynamics by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 289,022 shares of the auto parts company’s stock valued at $8,578,000 after acquiring an additional 15,057 shares during the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PLOW has been the topic of several recent research reports. DA Davidson reissued a “buy” rating and set a $31.00 price target on shares of Douglas Dynamics in a research report on Tuesday, April 30th. Robert W. Baird reissued a “neutral” rating and issued a $25.00 price target (down previously from $36.00) on shares of Douglas Dynamics in a research note on Monday, April 8th.

Douglas Dynamics Trading Up 0.4 %

NYSE PLOW traded up $0.08 during trading hours on Wednesday, reaching $22.17. The company had a trading volume of 65,248 shares, compared to its average volume of 231,241. Douglas Dynamics, Inc. has a 1-year low of $21.35 and a 1-year high of $35.39. The stock has a market capitalization of $511.99 million, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 1.29 and a beta of 1.17. The stock has a 50-day moving average of $24.07 and a 200 day moving average of $24.93. The company has a current ratio of 2.06, a quick ratio of 0.60 and a debt-to-equity ratio of 0.82.

Douglas Dynamics (NYSE:PLOW) last posted its quarterly earnings data on Monday, April 29th. The auto parts company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05). The company had revenue of $95.66 million for the quarter, compared to analysts’ expectations of $93.50 million. Douglas Dynamics had a return on equity of 12.95% and a net margin of 4.90%. As a group, research analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were issued a $0.295 dividend. The ex-dividend date was Monday, June 17th. This represents a $1.18 annualized dividend and a dividend yield of 5.32%. Douglas Dynamics’s dividend 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.