Oppenheimer Asset Management Inc. Has $444,000 Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

Oppenheimer Asset Management Inc. increased its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 20.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,969 shares of the auto parts company’s stock after buying an additional 3,247 shares during the period. Oppenheimer Asset Management Inc. owned 0.08% of Douglas Dynamics worth $444,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Brown Brothers Harriman & Co. acquired a new position in Douglas Dynamics in the fourth quarter valued at about $50,000. CWM LLC raised its position in shares of Douglas Dynamics by 20,250.0% in the 2nd quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock valued at $67,000 after acquiring an additional 2,835 shares during the period. Blue Trust Inc. bought a new position in Douglas Dynamics during the 2nd quarter worth approximately $100,000. SG Americas Securities LLC bought a new position in Douglas Dynamics during the 2nd quarter worth approximately $117,000. Finally, Quest Partners LLC acquired a new position in Douglas Dynamics during the fourth quarter valued at approximately $150,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th.

Douglas Dynamics Stock Down 3.0 %

Shares of Douglas Dynamics stock opened at $27.93 on Friday. The company has a market capitalization of $645.02 million, a P/E ratio of 23.87, a price-to-earnings-growth ratio of 1.31 and a beta of 1.18. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.03 and a quick ratio of 1.04. The business has a 50-day moving average of $26.92 and a two-hundred day moving average of $24.78. Douglas Dynamics, Inc. has a 1 year low of $21.31 and a 1 year high of $31.52.

Douglas Dynamics (NYSE:PLOW) last posted its earnings results on Monday, July 29th. The auto parts company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.48. Douglas Dynamics had a return on equity of 13.38% and a net margin of 5.03%. The business had revenue of $199.90 million during the quarter, compared to analysts’ expectations of $181.30 million. During the same period in the prior year, the business earned $1.00 EPS. As a group, equities analysts predict that Douglas Dynamics, Inc. will post 1.5 EPS for the current year.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 16th will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.22%. Douglas Dynamics’s payout ratio is 100.85%.

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.