Douglas Dynamics, Inc. (NYSE:PLOW) Shares Acquired by Inceptionr LLC

Inceptionr LLC increased its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 47.7% in the fourth quarter, Holdings Channel reports. The firm owned 13,504 shares of the auto parts company’s stock after purchasing an additional 4,360 shares during the quarter. Inceptionr LLC’s holdings in Douglas Dynamics were worth $319,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versor Investments LP acquired a new position in shares of Douglas Dynamics in the 3rd quarter worth approximately $535,000. GSA Capital Partners LLP bought a new position in Douglas Dynamics during the third quarter worth $504,000. Victory Capital Management Inc. acquired a new position in Douglas Dynamics in the third quarter worth $207,000. Quest Partners LLC bought a new stake in Douglas Dynamics during the third quarter valued at $118,000. Finally, Pzena Investment Management LLC increased its holdings in shares of Douglas Dynamics by 15.9% in the 3rd quarter. Pzena Investment Management LLC now owns 1,624,820 shares of the auto parts company’s stock worth $44,813,000 after acquiring an additional 222,945 shares during the period. 91.85% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on PLOW. StockNews.com upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. DA Davidson restated a “buy” rating and set a $32.00 price target on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Douglas Dynamics Price Performance

Shares of PLOW opened at $25.80 on Monday. The business’s 50-day moving average is $25.29 and its 200-day moving average is $25.79. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The company has a market capitalization of $595.73 million, a price-to-earnings ratio of 11.22, a P/E/G ratio of 1.14 and a beta of 1.17. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $30.98.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Tuesday, March 18th. 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.