Hotchkis & Wiley Capital Management LLC Increases Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 78.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 202,680 shares of the auto parts company's stock after buying an additional 88,940 shares during the period. Hotchkis & Wiley Capital Management LLC owned about 0.88% of Douglas Dynamics worth $5,590,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PLOW. Allspring Global Investments Holdings LLC boosted its position in shares of Douglas Dynamics by 1.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,420,408 shares of the auto parts company's stock worth $66,755,000 after purchasing an additional 36,797 shares during the period. Pzena Investment Management LLC increased its stake in Douglas Dynamics by 15.9% in the 3rd quarter. Pzena Investment Management LLC now owns 1,624,820 shares of the auto parts company's stock worth $44,813,000 after buying an additional 222,945 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Douglas Dynamics by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company's stock valued at $20,590,000 after acquiring an additional 14,835 shares during the period. Harbor Capital Advisors Inc. lifted its position in shares of Douglas Dynamics by 149.0% in the third quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company's stock valued at $9,750,000 after acquiring an additional 211,573 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Douglas Dynamics by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 262,424 shares of the auto parts company's stock worth $6,141,000 after purchasing an additional 8,952 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company's stock.

Analyst Upgrades and Downgrades

PLOW has been the subject of several recent analyst reports. StockNews.com downgraded Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st. Robert W. Baird reduced 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.

Douglas Dynamics Price Performance

Douglas Dynamics stock traded up $0.09 during mid-day trading on Friday, reaching $25.41. 113,515 shares of the company's stock traded hands, compared to its average volume of 212,812. Douglas Dynamics, Inc. has a 12-month low of $21.31 and a 12-month 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 stock has a 50 day moving average of $25.70 and a two-hundred day moving average of $25.66. The company has a market cap of $586.82 million, a price-to-earnings ratio of 11.06, a PEG ratio of 1.42 and a beta of 1.20.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Monday, December 16th. Douglas Dynamics's payout ratio is 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.