Thompson Siegel & Walmsley LLC Sells 72,558 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Thompson Siegel & Walmsley LLC lessened its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 32.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 153,692 shares of the auto parts company's stock after selling 72,558 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.67% of Douglas Dynamics worth $4,239,000 at the end of the most recent quarter.

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

Douglas Dynamics Price Performance

PLOW stock traded up $0.52 during trading on Friday, hitting $25.29. The company had a trading volume of 168,046 shares, compared to its average volume of 216,207. The firm has a market capitalization of $583.83 million, a price-to-earnings ratio of 11.00, a P/E/G ratio of 1.36 and a beta of 1.19. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $31.39. The business has a 50 day moving average of $26.11 and a 200 day moving average of $25.60.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.295 per share. The ex-dividend date was Monday, September 16th. This represents a $1.18 annualized dividend and a yield of 4.67%. Douglas Dynamics's payout ratio is 51.30%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PLOW. Robert W. Baird lowered their price target on Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. StockNews.com cut shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research report 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.