Corient Private Wealth LP Buys 16,813 Shares of Douglas Dynamics, Inc. $PLOW

Corient Private Wealth LP boosted its position in Douglas Dynamics, Inc. (NYSE:PLOW – Free Report) by 114.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,447 shares of the auto parts company’s stock after purchasing an additional 16,813 shares during the period. Corient Private Wealth LP owned approximately 0.14% of Douglas Dynamics worth $1,697,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PLOW. Public Employees Retirement System of Ohio acquired a new stake in Douglas Dynamics during the second quarter valued at approximately $27,000. Strs Ohio bought a new stake in shares of Douglas Dynamics during the 1st quarter worth $135,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Douglas Dynamics in the 2nd quarter worth $221,000. Empowered Funds LLC acquired a new position in shares of Douglas Dynamics in the 2nd quarter worth $241,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Douglas Dynamics during the second quarter worth $254,000. 91.85% of the stock is owned by institutional investors.

Shares of NYSE PLOW opened at $39.73 on Friday. The stock has a market cap of $917.06 million, a price-to-earnings ratio of 18.06, a PEG ratio of 0.87 and a beta of 1.19. The business has a 50 day simple moving average of $42.28 and a 200 day simple moving average of $44.22. Douglas Dynamics, Inc. has a 52 week low of $28.52 and a 52 week high of $55.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.03 and a current ratio of 2.16.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a dividend of $0.2950 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.18 dividend on an annualized basis and a yield of 3.0%. Douglas Dynamics’s payout ratio is currently 53.64%.

A number of equities analysts recently weighed in on the company. Zacks Research raised Douglas Dynamics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 2nd. Weiss Ratings raised shares of Douglas Dynamics from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. DA Davidson set a $57.00 target price on shares of Douglas Dynamics in a report on Tuesday, August 4th. Wall Street Zen downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Robert W. Baird cut their price target on shares of Douglas Dynamics from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Douglas Dynamics currently has an average rating of “Moderate Buy” and a consensus target price of $51.67.

Douglas Dynamics, Inc is a Milwaukee, Wisconsin-based manufacturer of equipment and solutions for snow and ice management and commercial work trucks. The company serves contractors, municipalities, government agencies and other commercial customers that rely on specialized equipment to maintain roads, parking lots and other properties.

Its product portfolio includes snowplows, tailgate and hopper spreaders, liquid deicing systems, underbody scrapers and related truck-mounted attachments.
• Five stocks we like better than Douglas Dynamics
• Hims & Hers Slides Nearly 7% as Legal Pressure Adds to Its Growing List of Risks
• Paychex Plunges, Providing the Entry Investors Have Been Waiting For
• The Case for Buying High-Yield General Mills Just Strengthened

Receive News & Ratings for Douglas Dynamics Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Douglas Dynamics and related companies with MarketBeat.com’s FREE daily email newsletter.…Read more by Defense World Staff