DF Dent & Co. Inc. Trims Position in Douglas Dynamics, Inc. (NYSE:PLOW)

DF Dent & Co. Inc. lowered its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 782,017 shares of the auto parts company’s stock after selling 73,625 shares during the quarter. DF Dent & Co. Inc. owned about 3.39% of Douglas Dynamics worth $18,479,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PLOW. Franklin Resources Inc. acquired a new position in shares of Douglas Dynamics in the fourth quarter valued at approximately $3,523,000. Drystone LLC purchased a new position in Douglas Dynamics in the 4th quarter valued at $2,531,000. Monimus Capital Management LP acquired a new position in Douglas Dynamics in the 4th quarter valued at $2,400,000. Dean Investment Associates LLC purchased a new position in Douglas Dynamics during the 3rd quarter worth $2,676,000. Finally, Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Douglas Dynamics by 78.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 202,680 shares of the auto parts company’s stock worth $5,590,000 after acquiring an additional 88,940 shares during the period. Institutional investors and hedge funds own 91.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. DA Davidson reissued a “buy” rating and set a $32.00 price target on shares of Douglas Dynamics in a report on Tuesday, February 25th. StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th.

Douglas Dynamics Stock Performance

NYSE:PLOW opened at $23.65 on Thursday. The firm’s fifty day simple moving average is $25.26 and its 200-day simple 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 stock has a market cap of $546.27 million, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $30.98.

Douglas Dynamics Announces Dividend

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