Douglas Dynamics, Inc. (NYSE:PLOW) Shares Sold by DF Dent & Co. Inc.

DF Dent & Co. Inc. trimmed its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 8.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 782,017 shares of the auto parts company’s stock after selling 73,625 shares during the period. DF Dent & Co. Inc.’s holdings in Douglas Dynamics were worth $18,479,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PLOW. R Squared Ltd acquired a new stake in shares of Douglas Dynamics in the fourth quarter valued at approximately $49,000. FMR LLC grew its holdings in Douglas Dynamics by 88.6% during the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock valued at $72,000 after buying an additional 1,229 shares during the last quarter. US Bancorp DE increased its position in Douglas Dynamics by 15.6% during the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock worth $72,000 after buying an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Douglas Dynamics during the fourth quarter worth $111,000. Finally, XTX Topco Ltd acquired a new position in shares of Douglas Dynamics in the third quarter worth $219,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Dynamics Trading Up 1.7 %

Shares of Douglas Dynamics stock opened at $23.65 on Thursday. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $30.98. The business’s fifty day moving average is $25.26 and its two-hundred day moving average is $25.36. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The firm has a market cap of $546.27 million, a PE ratio of 10.28, a P/E/G ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 4.99%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics’s payout ratio is 50.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PLOW shares. DA Davidson reaffirmed a “buy” rating and set a $32.00 price objective on shares of Douglas Dynamics in a research note on Tuesday, February 25th. StockNews.com raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th.

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.