Diamond Hill Capital Management Inc. Decreases Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Diamond Hill Capital Management Inc. reduced its stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 36.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,871 shares of the auto parts company's stock after selling 55,907 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.42% of Douglas Dynamics worth $2,313,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PLOW. US Bancorp DE increased its stake in Douglas Dynamics by 15.6% in the fourth 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 last quarter. FMR LLC increased its stake in Douglas Dynamics by 88.6% in the third 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. R Squared Ltd acquired a new position in Douglas Dynamics in the fourth quarter valued at $49,000. Harbor Capital Advisors Inc. increased its stake in Douglas Dynamics by 0.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 355,977 shares of the auto parts company's stock valued at $8,412,000 after purchasing an additional 2,445 shares during the last quarter. Finally, Versor Investments LP increased its stake in Douglas Dynamics by 15.5% in the fourth quarter. Versor Investments LP now owns 22,400 shares of the auto parts company's stock valued at $529,000 after purchasing an additional 3,000 shares during the last quarter. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PLOW shares. DA Davidson reiterated a "buy" rating and issued a $32.00 target price on shares of Douglas Dynamics in a research note on Tuesday, February 25th. StockNews.com upgraded Douglas Dynamics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th.

Douglas Dynamics Trading Up 0.7 %

NYSE:PLOW traded up $0.17 on Wednesday, hitting $24.29. 81,125 shares of the stock were exchanged, compared to its average volume of 188,891. The stock has a market cap of $561.05 million, a PE ratio of 10.56, a PEG ratio of 1.14 and a beta of 1.17. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a fifty day moving average of $25.39 and a 200-day moving average of $25.61. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $30.98.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.295 per share. The ex-dividend date is Tuesday, March 18th. This represents a $1.18 annualized dividend and a yield of 4.86%. Douglas Dynamics's dividend payout ratio is presently 50.43%.

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.