Russell Investments Group Ltd. Acquires 94,554 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Russell Investments Group Ltd. lifted its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 25,080.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,931 shares of the auto parts company's stock after purchasing an additional 94,554 shares during the period. Russell Investments Group Ltd. owned about 0.41% of Douglas Dynamics worth $2,243,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in Douglas Dynamics by 27.1% in the fourth quarter. Wells Fargo & Company MN now owns 19,194 shares of the auto parts company's stock valued at $454,000 after purchasing an additional 4,097 shares during the period. Integrated Quantitative Investments LLC acquired a new stake in shares of Douglas Dynamics in the fourth quarter valued at about $278,000. Trexquant Investment LP lifted its stake in shares of Douglas Dynamics by 75.2% in the fourth quarter. Trexquant Investment LP now owns 17,923 shares of the auto parts company's stock worth $424,000 after acquiring an additional 7,693 shares during the period. Geode Capital Management LLC boosted its holdings in Douglas Dynamics by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 521,052 shares of the auto parts company's stock valued at $12,316,000 after acquiring an additional 4,595 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new stake in Douglas Dynamics during the 4th quarter valued at approximately $3,523,000. 91.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PLOW. DA Davidson restated a "buy" rating and issued a $32.00 price target on shares of Douglas Dynamics in a research report on Tuesday, February 25th. StockNews.com upgraded shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th.

Douglas Dynamics Trading Up 1.0 %

PLOW traded up $0.23 during trading on Thursday, hitting $23.78. The company's stock had a trading volume of 26,300 shares, compared to its average volume of 188,988. The firm has a market capitalization of $549.15 million, a P/E ratio of 10.32, a PEG ratio of 1.14 and a beta of 1.17. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $30.98. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The stock's fifty day moving average price is $24.31 and its 200-day moving average price is $24.83.

Douglas Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend was Tuesday, March 18th. Douglas Dynamics's dividend payout ratio is presently 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.