Rice Hall James & Associates LLC Has $2.02 Million Stock Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Rice Hall James & Associates LLC reduced its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 2.0% in the 4th quarter, HoldingsChannel reports. The firm owned 85,571 shares of the auto parts company’s stock after selling 1,787 shares during the period. Rice Hall James & Associates LLC’s holdings in Douglas Dynamics were worth $2,022,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Jane Street Group LLC lifted its stake in Douglas Dynamics by 109.6% in the 3rd quarter. Jane Street Group LLC now owns 66,695 shares of the auto parts company’s stock valued at $1,839,000 after purchasing an additional 34,873 shares during the last quarter. Barclays PLC raised its holdings in Douglas Dynamics by 132.0% in the 3rd quarter. Barclays PLC now owns 54,116 shares of the auto parts company’s stock valued at $1,494,000 after acquiring an additional 30,795 shares during the period. BluePath Capital Management LLC bought a new position in Douglas Dynamics in the 3rd quarter valued at about $604,000. Versor Investments LP bought a new position in Douglas Dynamics in the 3rd quarter valued at about $535,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Douglas Dynamics by 0.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company’s stock valued at $57,819,000 after acquiring an additional 20,233 shares during the period. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Robert W. Baird lowered their price target on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. StockNews.com cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd.

Douglas Dynamics Stock Up 1.7 %

Shares of PLOW opened at $26.09 on Wednesday. Douglas Dynamics, Inc. has a 12 month low of $21.31 and a 12 month high of $30.98. The firm’s 50 day moving average is $24.79 and its 200-day moving average is $25.87. The stock has a market capitalization of $602.51 million, a PE ratio of 11.35, a P/E/G ratio of 1.12 and a beta of 1.21. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.18 annualized dividend and a dividend yield of 4.52%. Douglas Dynamics’s dividend payout ratio is presently 51.30%.

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.