Wellington Management Group LLP Lowers Stock Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Wellington Management Group LLP cut its position in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 15.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 279,601 shares of the auto parts company's stock after selling 51,306 shares during the quarter. Wellington Management Group LLP owned about 1.21% of Douglas Dynamics worth $7,711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLOW. Pacific Ridge Capital Partners LLC acquired a new stake in shares of Douglas Dynamics during the second quarter valued at about $486,000. BluePath Capital Management LLC bought a new stake in Douglas Dynamics during the 3rd quarter worth approximately $604,000. Versor Investments LP acquired a new position in Douglas Dynamics in the 3rd quarter valued at approximately $535,000. Nisa Investment Advisors LLC raised its stake in shares of Douglas Dynamics by 43,985.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,258 shares of the auto parts company's stock valued at $217,000 after acquiring an additional 9,237 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of 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 period. 91.85% of the stock is owned by institutional investors and hedge funds.

Douglas Dynamics Stock Up 0.0 %

Shares of NYSE PLOW traded up $0.01 during mid-day trading on Tuesday, reaching $25.09. 137,756 shares of the company's stock traded hands, compared to its average volume of 210,839. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. Douglas Dynamics, Inc. has a 1-year low of $21.31 and a 1-year high of $30.98. The stock has a market cap of $579.33 million, a P/E ratio of 10.91, a PEG ratio of 1.40 and a beta of 1.20. The business has a 50-day simple moving average of $25.42 and a 200 day simple moving average of $25.68.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.70%. The ex-dividend date is Monday, December 16th. Douglas Dynamics's dividend payout ratio is 51.30%.

Analyst Ratings Changes

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

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.