Dean Investment Associates LLC Buys Shares of 97,012 Douglas Dynamics, Inc. (NYSE:PLOW)

Dean Investment Associates LLC purchased a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 97,012 shares of the auto parts company's stock, valued at approximately $2,676,000. Dean Investment Associates LLC owned 0.42% of Douglas Dynamics as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CWM LLC boosted its holdings in Douglas Dynamics by 20,250.0% during the second quarter. CWM LLC now owns 2,849 shares of the auto parts company's stock worth $67,000 after buying an additional 2,835 shares in the last quarter. FMR LLC boosted its stake in shares of Douglas Dynamics by 88.6% during the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company's stock worth $72,000 after acquiring an additional 1,229 shares in the last quarter. Blue Trust Inc. acquired a new position in shares of Douglas Dynamics in the 2nd quarter worth $100,000. SG Americas Securities LLC acquired a new stake in shares of Douglas Dynamics during the second quarter worth $117,000. Finally, Quest Partners LLC purchased a new stake in shares of Douglas Dynamics during the third quarter valued at $118,000. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Up 1.4 %

Shares of Douglas Dynamics stock traded up $0.35 during midday trading on Monday, hitting $25.78. The company's stock had a trading volume of 97,977 shares, compared to its average volume of 212,327. Douglas Dynamics, Inc. has a 1-year low of $21.31 and a 1-year high of $31.39. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $595.26 million, a P/E ratio of 11.21, a PEG ratio of 1.40 and a beta of 1.20. The stock has a 50-day simple moving average of $25.62 and a 200-day simple moving average of $25.66.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.295 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.58%. Douglas Dynamics's dividend payout ratio is 51.30%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. StockNews.com cut Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Robert W. Baird dropped their target price on shares of Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 30th.

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.