Victory Capital Management Inc. Increases Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Victory Capital Management Inc. increased its stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 290.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,300 shares of the auto parts company's stock after acquiring an additional 21,799 shares during the quarter. Victory Capital Management Inc. owned 0.13% of Douglas Dynamics worth $692,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC acquired a new position in shares of Douglas Dynamics during the third quarter valued at about $118,000. FMR LLC grew its stake 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 acquiring an additional 1,229 shares during the period. PDT Partners LLC bought a new stake in shares of Douglas Dynamics during the third quarter valued at approximately $233,000. Hotchkis & Wiley Capital Management LLC raised its position in shares of Douglas Dynamics by 78.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 202,680 shares of the auto parts company's stock worth $5,590,000 after purchasing an additional 88,940 shares during the period. Finally, Needham Investment Management LLC bought a new position in shares of Douglas Dynamics in the 3rd quarter worth $414,000. Institutional investors and hedge funds own 91.85% of the company's stock.

Douglas Dynamics Stock Down 1.3 %

NYSE:PLOW traded down $0.32 during trading hours on Tuesday, hitting $23.92. 146,510 shares of the company traded hands, compared to its average volume of 186,094. 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 company has a market cap of $552.41 million, a PE ratio of 10.40, a PEG ratio of 1.14 and a beta of 1.17. The firm's 50-day simple moving average is $25.42 and its 200-day simple moving average is $25.51. Douglas Dynamics, Inc. has a one year low of $21.31 and a one year high of $30.98.

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Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Tuesday, March 18th. Douglas Dynamics's dividend payout ratio (DPR) is presently 50.43%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. DA Davidson restated a "buy" rating and set a $32.00 price objective on shares of Douglas Dynamics in a 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 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.