DF Dent & Co. Inc. Sells 73,625 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

DF Dent & Co. Inc. trimmed its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 8.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 782,017 shares of the auto parts company's stock after selling 73,625 shares during the quarter. DF Dent & Co. Inc. owned 3.39% of Douglas Dynamics worth $18,479,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in PLOW. Trexquant Investment LP lifted its holdings in Douglas Dynamics by 75.2% during the fourth quarter. Trexquant Investment LP now owns 17,923 shares of the auto parts company's stock valued at $424,000 after purchasing an additional 7,693 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Douglas Dynamics by 0.9% during the 4th 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. Franklin Resources Inc. bought a new stake in Douglas Dynamics during the fourth quarter valued at approximately $3,523,000. Wellington Management Group LLP grew its position in Douglas Dynamics by 0.3% in the fourth quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company's stock worth $6,625,000 after acquiring an additional 750 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new position in shares of Douglas Dynamics during the 4th quarter valued at about $412,000. Institutional investors own 91.85% of the company's stock.

Wall Street Analysts Forecast Growth

PLOW has been the subject of several research analyst reports. DA Davidson reiterated a "buy" rating and issued 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 research report on Wednesday, February 26th.

Douglas Dynamics Stock Down 1.3 %

NYSE PLOW traded down $0.30 during trading hours on Tuesday, reaching $22.08. 46,809 shares of the company's stock traded hands, compared to its average volume of 193,275. The firm has a 50-day simple moving average of $25.06 and a 200 day simple moving average of $25.22. Douglas Dynamics, Inc. has a 52-week low of $21.30 and a 52-week high of $30.98. The firm has a market cap of $510.00 million, a PE ratio of 9.61, a PEG ratio of 1.14 and a beta of 1.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.295 per share. The ex-dividend date was Tuesday, March 18th. This represents a $1.18 annualized dividend and a dividend yield of 5.34%. Douglas Dynamics's payout ratio 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.