Intech Investment Management LLC Takes Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Intech Investment Management LLC acquired a new stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,780 shares of the auto parts company's stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PLOW. US Bancorp DE lifted its stake 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 purchasing an additional 413 shares during the last quarter. FMR LLC lifted its position in shares of 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 during the last quarter. R Squared Ltd bought a new position in shares of Douglas Dynamics during the 4th quarter worth approximately $49,000. Harbor Capital Advisors Inc. increased its holdings in shares of Douglas Dynamics by 0.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 355,977 shares of the auto parts company's stock worth $8,412,000 after acquiring an additional 2,445 shares during the last quarter. Finally, Versor Investments LP raised its stake in Douglas Dynamics by 15.5% in the 4th quarter. Versor Investments LP now owns 22,400 shares of the auto parts company's stock valued at $529,000 after acquiring an additional 3,000 shares during the period. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Performance

Shares of NYSE PLOW traded down $0.67 during trading hours on Friday, reaching $23.22. 126,695 shares of the stock were exchanged, compared to its average volume of 190,532. The firm has a market capitalization of $536.34 million, a price-to-earnings ratio of 10.10, a P/E/G ratio of 1.14 and a beta of 1.17. The stock's fifty day simple moving average is $25.37 and its 200 day simple moving average is $25.43. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. Douglas Dynamics, Inc. has a 52 week low of $21.31 and a 52 week high of $30.98.

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Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Tuesday, March 18th. Douglas Dynamics's dividend payout ratio is 50.43%.

Analyst Upgrades and Downgrades

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

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.