Nisa Investment Advisors LLC Purchases 4,375 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Nisa Investment Advisors LLC increased its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 55.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,258 shares of the auto parts company’s stock after purchasing an additional 4,375 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Douglas Dynamics were worth $290,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC lifted its stake in shares of Douglas Dynamics by 88.6% in the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 1,229 shares during the period. CWM LLC increased its holdings in Douglas Dynamics by 42.2% during the third quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock valued at $112,000 after buying an additional 1,201 shares during the last quarter. Quest Partners LLC bought a new position in Douglas Dynamics in the third quarter worth approximately $118,000. Point72 Asset Management L.P. boosted its stake in shares of Douglas Dynamics by 113.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock worth $160,000 after acquiring an additional 3,636 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Douglas Dynamics by 5.2% during the 2nd 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 during the period. 91.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PLOW has been the topic of several analyst reports. Robert W. Baird lowered 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. StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd.

Douglas Dynamics Stock Up 0.8 %

Shares of PLOW stock opened at $26.08 on Thursday. 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 one year low of $21.31 and a one year high of $30.98. The company’s fifty day moving average price is $24.80 and its 200-day moving average price is $25.90. The company has a market capitalization of $602.12 million, a price-to-earnings ratio of 11.34, a PEG ratio of 1.11 and a beta of 1.21.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend was Monday, December 16th. Douglas Dynamics’s dividend payout ratio is currently 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.