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

Harbor Capital Advisors Inc. increased its stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 149.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 353,532 shares of the auto parts company's stock after buying an additional 211,573 shares during the quarter. Harbor Capital Advisors Inc. owned about 1.53% of Douglas Dynamics worth $9,750,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. The Manufacturers Life Insurance Company grew its position in Douglas Dynamics by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,862 shares of the auto parts company's stock valued at $207,000 after acquiring an additional 441 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Douglas Dynamics by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,302 shares of the auto parts company's stock valued at $587,000 after purchasing an additional 939 shares in the last quarter. CWM LLC increased its stake in Douglas Dynamics by 42.2% during the 3rd quarter. CWM LLC now owns 4,050 shares of the auto parts company's stock worth $112,000 after buying an additional 1,201 shares during the period. American Century Companies Inc. lifted its holdings in Douglas Dynamics by 10.0% in the 2nd quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company's stock worth $600,000 after buying an additional 2,329 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of 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 acquiring an additional 2,870 shares in the last quarter. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PLOW shares. StockNews.com lowered Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Thursday. Robert W. Baird reduced their price objective on shares of Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday.

Douglas Dynamics Stock Performance

Shares of PLOW traded up $0.31 during mid-day trading on Friday, hitting $22.96. The stock had a trading volume of 233,752 shares, compared to its average volume of 211,944. The company has a quick ratio of 1.04, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The company has a market cap of $530.15 million, a PE ratio of 9.98, a PEG ratio of 1.24 and a beta of 1.19. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $31.39. The company's fifty day simple moving average is $26.81 and its two-hundred day simple moving average is $25.38.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 5.14%. The ex-dividend date was Monday, September 16th. Douglas Dynamics's dividend payout ratio (DPR) is presently 51.30%.

Douglas Dynamics 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.