First Business Financial Services Inc. Purchases New Position in Douglas Dynamics, Inc. (NYSE:PLOW)

First Business Financial Services Inc. purchased a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 20,000 shares of the auto parts company’s stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PLOW. Pzena Investment Management LLC increased its position in shares of Douglas Dynamics by 15.9% during the third quarter. Pzena Investment Management LLC now owns 1,624,820 shares of the auto parts company’s stock valued at $44,813,000 after buying an additional 222,945 shares during the period. DF Dent & Co. Inc. increased its position in shares of Douglas Dynamics by 26.3% during the third quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company’s stock valued at $23,599,000 after buying an additional 178,018 shares during the period. Drystone LLC purchased a new position in shares of Douglas Dynamics during the fourth quarter valued at about $2,531,000. Dean Investment Associates LLC purchased a new position in shares of Douglas Dynamics during the third quarter valued at about $2,676,000. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of Douglas Dynamics by 78.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 202,680 shares of the auto parts company’s stock valued at $5,590,000 after buying an additional 88,940 shares during the period. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. StockNews.com upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. DA Davidson restated a “buy” rating and issued a $32.00 price objective on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Douglas Dynamics Price Performance

Shares of PLOW opened at $25.48 on Thursday. The stock has a market cap of $588.44 million, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.14 and a beta of 1.21. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $30.98. The firm’s 50-day simple moving average is $25.16 and its two-hundred day simple moving average is $25.82.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Tuesday, March 18th. Douglas Dynamics’s payout ratio is 50.43%.

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.