Douglas Dynamics, Inc. (NYSE:PLOW) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. grew its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 355,977 shares of the auto parts company’s stock after buying an additional 2,445 shares during the period. Harbor Capital Advisors Inc. owned 1.54% of Douglas Dynamics worth $8,412,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its stake in shares of Douglas Dynamics by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,862 shares of the auto parts company’s stock worth $207,000 after buying an additional 441 shares in the last quarter. CWM LLC raised its position in Douglas Dynamics by 42.2% during the third quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock valued at $112,000 after buying an additional 1,201 shares during the period. FMR LLC grew its position in 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 purchasing an additional 1,229 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Douglas Dynamics by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock valued at $600,000 after buying an additional 2,329 shares during the period. Finally, Rhumbline Advisers boosted its position in Douglas Dynamics by 9.2% during the second quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company’s stock valued at $794,000 after purchasing an additional 2,870 shares during the last quarter. Institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Price Performance

NYSE:PLOW traded down $0.66 on Friday, reaching $23.38. The stock had a trading volume of 47,407 shares, compared to its average volume of 151,075. The company has a market capitalization of $539.94 million, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. Douglas Dynamics, Inc. has a 1-year low of $21.31 and a 1-year high of $30.98. The stock has a fifty day moving average price of $24.75 and a 200-day moving average price of $25.62. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56.

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given 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 yield of 5.05%. Douglas Dynamics’s dividend payout ratio (DPR) is 51.30%.

Analysts Set New Price Targets

A number of research firms have weighed in on PLOW. Robert W. Baird cut their target price on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. StockNews.com raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Tuesday.

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.