First Business Financial Services Inc. Takes $473,000 Position in Douglas Dynamics, Inc. (NYSE:PLOW)

First Business Financial Services Inc. bought a new stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,000 shares of the auto parts company's stock, valued at approximately $473,000. First Business Financial Services Inc. owned approximately 0.09% of Douglas Dynamics at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Douglas Dynamics in the fourth quarter valued at $49,000. FMR LLC raised 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 worth $72,000 after acquiring an additional 1,229 shares during the last quarter. US Bancorp DE lifted its position 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 valued at $72,000 after acquiring an additional 413 shares in the last quarter. Quest Partners LLC bought a new position in Douglas Dynamics in the 3rd quarter valued at about $118,000. Finally, Victory Capital Management Inc. acquired a new position in Douglas Dynamics during the 3rd quarter valued at about $207,000. 91.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PLOW has been the topic of a number of recent research reports. DA Davidson restated 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 research note on Wednesday, February 26th.

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Douglas Dynamics Stock Up 0.1 %

NYSE:PLOW traded up $0.04 on Friday, hitting $25.80. The stock had a trading volume of 170,518 shares, compared to its average volume of 164,616. Douglas Dynamics, Inc. has a 1 year low of $21.31 and a 1 year high of $30.98. The firm's fifty day simple moving average is $25.29 and its two-hundred day simple moving average is $25.80. 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 market cap of $595.73 million, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a $0.295 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.18 dividend on an annualized basis and a yield of 4.57%. Douglas Dynamics's dividend payout ratio (DPR) 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.