Systematic Financial Management LP Lowers Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

Systematic Financial Management LP trimmed its stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 12.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 216,065 shares of the auto parts company's stock after selling 31,325 shares during the quarter. Systematic Financial Management LP owned approximately 0.94% of Douglas Dynamics worth $5,959,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC acquired a new position in shares of Douglas Dynamics in the second quarter worth $486,000. BluePath Capital Management LLC acquired a new position in shares of Douglas Dynamics in the third quarter worth $604,000. Versor Investments LP acquired a new position in shares of Douglas Dynamics in the third quarter worth $535,000. Nisa Investment Advisors LLC raised its holdings in shares of Douglas Dynamics by 43,985.7% in the second quarter. Nisa Investment Advisors LLC now owns 9,258 shares of the auto parts company's stock worth $217,000 after acquiring an additional 9,237 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in 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 purchasing an additional 211,573 shares during the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

Douglas Dynamics Trading Up 0.4 %

Douglas Dynamics stock traded up $0.09 during trading on Friday, hitting $25.41. The company's stock had a trading volume of 113,515 shares, compared to its average volume of 212,812. The stock has a market capitalization of $586.82 million, a price-to-earnings ratio of 11.05, a P/E/G ratio of 1.42 and a beta of 1.20. The stock's fifty day moving average is $25.65 and its 200 day moving average is $25.66. Douglas Dynamics, Inc. has a 1-year low of $21.31 and a 1-year high of $31.39. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Monday, December 16th. Douglas Dynamics's dividend payout ratio (DPR) is presently 51.30%.

Analysts Set New Price Targets

PLOW has been the subject of several analyst reports. Robert W. Baird dropped their target price on Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st.

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.