Pzena Investment Management LLC Invests $32.80 Million in Douglas Dynamics, Inc. (NYSE:PLOW)

Pzena Investment Management LLC bought a new stake in Douglas Dynamics, Inc. (NYSE:PLOW) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,401,875 shares of the auto parts company’s stock, valued at approximately $32,804,000. Pzena Investment Management LLC owned approximately 6.07% of Douglas Dynamics as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Brown Brothers Harriman & Co. purchased a new stake in Douglas Dynamics during the 4th quarter worth $50,000. Simplex Trading LLC purchased a new stake in shares of Douglas Dynamics during the fourth quarter worth about $57,000. CWM LLC lifted its stake in shares of Douglas Dynamics by 20,250.0% in the second quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock worth $67,000 after acquiring an additional 2,835 shares in the last quarter. Blue Trust Inc. purchased a new position in Douglas Dynamics in the second quarter valued at about $100,000. Finally, SG Americas Securities LLC acquired a new stake in Douglas Dynamics during the 2nd quarter valued at approximately $117,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Dynamics Price Performance

PLOW opened at $27.53 on Wednesday. The company has a market capitalization of $635.78 million, a P/E ratio of 23.53, a PEG ratio of 1.33 and a beta of 1.17. The company has a 50-day moving average of $25.67 and a 200-day moving average of $24.55. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 2.03. Douglas Dynamics, Inc. has a 1-year low of $21.31 and a 1-year high of $32.31.

Douglas Dynamics (NYSE:PLOW) last issued 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. Douglas Dynamics had a return on equity of 13.38% and a net margin of 5.03%. The company had revenue of $199.90 million during the quarter, compared to analyst estimates of $181.30 million. During the same quarter last year, the firm earned $1.00 EPS. Equities analysts expect that Douglas Dynamics, Inc. will post 1.5 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend was Monday, June 17th. Douglas Dynamics’s payout ratio is 100.85%.

Analysts Set New Price Targets

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

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.