Short Interest in Douglas Dynamics, Inc. (NYSE:PLOW) Increases By 22.8%

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 568,100 shares, an increase of 22.8% from the March 15th total of 462,500 shares. Based on an average daily trading volume, of 180,800 shares, the days-to-cover ratio is presently 3.1 days. Currently, 2.5% of the company's stock are short sold.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. DA Davidson reaffirmed a "buy" rating and issued a $32.00 price target on shares of Douglas Dynamics in a research note on Tuesday, February 25th. StockNews.com raised Douglas Dynamics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. boosted its holdings in shares of Douglas Dynamics by 3.3% during the 1st quarter. Harbor Capital Advisors Inc. now owns 367,673 shares of the auto parts company's stock worth $8,541,000 after buying an additional 11,696 shares during the period. Rhumbline Advisers boosted its holdings in Douglas Dynamics by 3.9% during the first quarter. Rhumbline Advisers now owns 34,313 shares of the auto parts company's stock valued at $797,000 after acquiring an additional 1,286 shares during the period. GAMMA Investing LLC grew its position in shares of Douglas Dynamics by 3,811.8% in the first quarter. GAMMA Investing LLC now owns 13,613 shares of the auto parts company's stock valued at $316,000 after purchasing an additional 13,265 shares during the last quarter. First Hawaiian Bank increased its stake in shares of Douglas Dynamics by 53.6% in the first quarter. First Hawaiian Bank now owns 28,738 shares of the auto parts company's stock worth $668,000 after purchasing an additional 10,030 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Douglas Dynamics by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company's stock worth $6,625,000 after purchasing an additional 750 shares during the last quarter. 91.85% of the stock is owned by institutional investors.

Douglas Dynamics Stock Down 0.1 %

NYSE:PLOW traded down $0.03 during trading hours on Wednesday, reaching $23.55. The company's stock had a trading volume of 224,161 shares, compared to its average volume of 189,314. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The company has a market cap of $543.98 million, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. Douglas Dynamics has a one year low of $21.30 and a one year high of $30.98. The business's 50-day moving average is $24.36 and its 200-day moving average is $24.84.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Tuesday, March 18th. Douglas Dynamics's dividend payout ratio is 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.