Douglas Dynamics, Inc. (NYSE:PLOW) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC lifted its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 361.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,801 shares of the auto parts company's stock after acquiring an additional 15,514 shares during the period. AlphaQuest LLC owned 0.09% of Douglas Dynamics worth $468,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PLOW. R Squared Ltd acquired a new position in Douglas Dynamics in the fourth quarter valued at $49,000. FMR LLC lifted its holdings in shares of Douglas Dynamics by 88.6% in the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company's stock valued at $72,000 after purchasing an additional 1,229 shares during the last quarter. US Bancorp DE boosted its position in shares of Douglas Dynamics by 15.6% in the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock valued at $72,000 after purchasing an additional 413 shares during the period. Quest Partners LLC purchased a new position in Douglas Dynamics during the 3rd quarter worth approximately $118,000. Finally, Victory Capital Management Inc. acquired a new position in Douglas Dynamics during the third quarter worth approximately $207,000. Hedge funds and other institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Performance

PLOW traded up $0.15 on Monday, hitting $24.55. 122,990 shares of the company traded hands, compared to its average volume of 189,895. Douglas Dynamics, Inc. has a 12-month low of $21.31 and a 12-month high of $30.98. The company has a 50 day moving average of $25.37 and a 200-day moving average of $25.66. 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 capitalization of $567.00 million, a PE ratio of 10.67, a PEG ratio of 1.14 and a beta of 1.17.

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Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Tuesday, March 18th. Douglas Dynamics's dividend payout ratio (DPR) is presently 50.43%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PLOW. StockNews.com upgraded shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. DA Davidson reiterated a "buy" rating and set a $32.00 price target on shares of Douglas Dynamics in a research note on Tuesday, February 25th.

Douglas Dynamics 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.