Pzena Investment Management LLC Purchases 54,221 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Pzena Investment Management LLC grew its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,679,041 shares of the auto parts company’s stock after acquiring an additional 54,221 shares during the quarter. Pzena Investment Management LLC owned 7.27% of Douglas Dynamics worth $39,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Douglas Dynamics in the 4th quarter worth approximately $49,000. FMR LLC increased its stake in Douglas Dynamics by 88.6% in the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 1,229 shares during the last quarter. US Bancorp DE increased its stake in Douglas Dynamics by 15.6% in the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 413 shares during the last quarter. Quest Partners LLC bought a new stake in Douglas Dynamics in the 3rd quarter worth approximately $118,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Douglas Dynamics in the 3rd quarter worth approximately $207,000. Institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Price Performance

Shares of Douglas Dynamics stock opened at $25.30 on Tuesday. The stock has a market cap of $584.28 million, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. The stock has a 50 day moving average price of $25.32 and a 200-day moving average price of $25.77. Douglas Dynamics, Inc. has a one year low of $21.31 and a one year high of $30.98.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date is Tuesday, March 18th. Douglas Dynamics’s dividend payout ratio (DPR) is 50.43%.

Analyst Ratings Changes

PLOW has been the subject of a number of recent research reports. DA Davidson reiterated a “buy” rating and issued a $32.00 target price 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 report on Wednesday, February 26th.

About Douglas Dynamics

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.