Douglas Dynamics, Inc. (NYSE:PLOW) Short Interest Update

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 568,100 shares, an increase of 22.8% from the March 15th total of 462,500 shares. Currently, 2.5% of the company's shares are sold short. Based on an average daily trading volume, of 180,800 shares, the short-interest ratio is presently 3.1 days.

Analysts Set New Price Targets

PLOW has been the subject of a number of analyst reports. DA Davidson reaffirmed a "buy" rating and set a $32.00 target price on shares of Douglas Dynamics in a report on Tuesday, February 25th. StockNews.com upgraded Douglas Dynamics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th.

Hedge Funds Weigh In On Douglas Dynamics

Several hedge funds have recently made changes to their positions in the business. Ararat Capital Management LP boosted its holdings in Douglas Dynamics by 40.6% during the fourth quarter. Ararat Capital Management LP now owns 807,186 shares of the auto parts company's stock worth $19,074,000 after purchasing an additional 233,255 shares during the last quarter. Ranger Investment Management L.P. bought a new stake in Douglas Dynamics during the 4th quarter worth about $4,173,000. Franklin Resources Inc. acquired a new position in shares of Douglas Dynamics during the 4th quarter worth about $3,523,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Douglas Dynamics by 18.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 909,283 shares of the auto parts company's stock valued at $21,487,000 after acquiring an additional 143,853 shares in the last quarter. Finally, Drystone LLC acquired a new stake in shares of Douglas Dynamics in the fourth quarter valued at about $2,531,000. 91.85% of the stock is owned by institutional investors.

Douglas Dynamics Stock Down 1.1 %

Shares of Douglas Dynamics stock traded down $0.27 during trading on Friday, reaching $23.95. The stock had a trading volume of 11,427 shares, compared to its average volume of 185,439. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $553.20 million, a price-to-earnings ratio of 10.42, a P/E/G ratio of 1.14 and a beta of 1.17. The stock has a fifty day moving average price of $24.28 and a two-hundred day moving average price of $24.81. Douglas Dynamics has a 52 week low of $21.30 and a 52 week high of $30.98.

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend was Tuesday, March 18th. Douglas Dynamics's payout ratio is 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.