Drystone LLC Acquires Shares of 107,127 Douglas Dynamics, Inc. (NYSE:PLOW)

Drystone LLC bought a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 107,127 shares of the auto parts company's stock, valued at approximately $2,531,000. Douglas Dynamics accounts for approximately 2.5% of Drystone LLC's portfolio, making the stock its 14th biggest holding. Drystone LLC owned about 0.46% of Douglas Dynamics as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd bought a new position in shares of Douglas Dynamics in the fourth quarter worth about $49,000. FMR LLC boosted its position 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 buying an additional 1,229 shares in the last quarter. CWM LLC boosted its position in Douglas Dynamics by 42.2% in the third quarter. CWM LLC now owns 4,050 shares of the auto parts company's stock valued at $112,000 after buying an additional 1,201 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Douglas Dynamics during the third quarter worth $118,000. Finally, Point72 Asset Management L.P. lifted its stake in shares of Douglas Dynamics by 113.6% in the 2nd quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company's stock valued at $160,000 after acquiring an additional 3,636 shares during the last quarter. Institutional investors own 91.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PLOW shares. StockNews.com lowered Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Robert W. Baird reduced their price target on Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th.

Douglas Dynamics Trading Down 3.6 %

Shares of Douglas Dynamics stock traded down $0.92 during trading on Monday, hitting $24.93. The company's stock had a trading volume of 115,153 shares, compared to its average volume of 169,179. The stock has a market cap of $575.63 million, a price-to-earnings ratio of 10.84, a price-to-earnings-growth ratio of 1.13 and a beta of 1.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. Douglas Dynamics, Inc. has a 52 week low of $21.31 and a 52 week high of $30.98. The stock has a 50-day moving average price of $24.84 and a two-hundred day moving average price of $25.95.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.295 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.18 annualized dividend and a dividend yield of 4.73%. Douglas Dynamics's payout ratio is 51.30%.

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.