State of New Jersey Common Pension Fund D Buys 7,820 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

State of New Jersey Common Pension Fund D boosted its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOWGet Rating) by 12.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,513 shares of the auto parts company’s stock after acquiring an additional 7,820 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.31% of Douglas Dynamics worth $2,439,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PLOW. Silvercrest Asset Management Group LLC boosted its position in shares of Douglas Dynamics by 27.2% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 664,056 shares of the auto parts company’s stock valued at $25,938,000 after buying an additional 142,143 shares during the period. Epoch Investment Partners Inc. boosted its position in shares of Douglas Dynamics by 53.4% during the fourth quarter. Epoch Investment Partners Inc. now owns 376,295 shares of the auto parts company’s stock valued at $14,698,000 after buying an additional 130,972 shares during the period. Royce & Associates LP boosted its position in shares of Douglas Dynamics by 8.0% during the fourth quarter. Royce & Associates LP now owns 499,659 shares of the auto parts company’s stock valued at $19,517,000 after buying an additional 36,852 shares during the period. Heartland Advisors Inc. boosted its holdings in shares of Douglas Dynamics by 27.9% in the fourth quarter. Heartland Advisors Inc. now owns 163,864 shares of the auto parts company’s stock valued at $6,401,000 after purchasing an additional 35,760 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Douglas Dynamics by 1.6% in the fourth quarter. JPMorgan Chase & Co. now owns 2,159,705 shares of the auto parts company’s stock valued at $84,358,000 after purchasing an additional 34,636 shares during the period. 93.01% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th.

Douglas Dynamics Stock Down 0.9 %

Shares of NYSE PLOW opened at $31.64 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.78 and a current ratio of 2.76. The firm has a market capitalization of $724.24 million, a price-to-earnings ratio of 28.76 and a beta of 0.91. The stock has a 50 day moving average price of $29.93 and a 200 day moving average price of $32.74. Douglas Dynamics, Inc. has a 52-week low of $27.80 and a 52-week high of $45.66.

Douglas Dynamics (NYSE:PLOWGet Rating) last issued its quarterly earnings data on Monday, August 1st. The auto parts company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The company had revenue of $187.56 million during the quarter, compared to the consensus estimate of $166.15 million. Douglas Dynamics had a net margin of 4.82% and a return on equity of 15.62%. Douglas Dynamics’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 earnings per share. Sell-side analysts expect that Douglas Dynamics, Inc. will post 1.72 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Friday, June 17th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date was Thursday, June 16th. Douglas Dynamics’s dividend payout ratio (DPR) is 105.45%.

About Douglas Dynamics

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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.

Further Reading

Institutional Ownership by Quarter for Douglas Dynamics (NYSE:PLOW)

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