Franklin Resources Inc. Invests $3.52 Million in Douglas Dynamics, Inc. (NYSE:PLOW)

Franklin Resources Inc. purchased a new position in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 149,085 shares of the auto parts company's stock, valued at approximately $3,523,000. Franklin Resources Inc. owned approximately 0.65% of Douglas Dynamics at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Drystone LLC purchased a new stake in Douglas Dynamics in the 4th quarter worth about $2,531,000. Monimus Capital Management LP purchased a new position in Douglas Dynamics during the 4th quarter valued at $2,400,000. Pzena Investment Management LLC grew its position in Douglas Dynamics by 3.3% in the 4th quarter. Pzena Investment Management LLC now owns 1,679,041 shares of the auto parts company's stock valued at $39,676,000 after acquiring an additional 54,221 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Douglas Dynamics by 183.5% in the fourth quarter. Teacher Retirement System of Texas now owns 76,557 shares of the auto parts company's stock worth $1,809,000 after purchasing an additional 49,557 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Douglas Dynamics during the fourth quarter worth $1,170,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

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Douglas Dynamics Stock Up 1.7 %

NYSE:PLOW traded up $0.39 during mid-day trading on Tuesday, reaching $23.57. The company's stock had a trading volume of 325,791 shares, compared to its average volume of 190,067. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a 1 year low of $21.30 and a 1 year high of $30.98. The stock has a fifty day moving average of $24.61 and a 200-day moving average of $24.98. The firm has a market capitalization of $544.35 million, a PE ratio of 10.25, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a $0.295 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $1.18 annualized dividend and a dividend yield of 5.01%. Douglas Dynamics's payout ratio is presently 50.43%.

About Douglas Dynamics

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.