PDT Partners LLC Has $645,000 Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

PDT Partners LLC grew its holdings in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 223.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 27,281 shares of the auto parts company's stock after purchasing an additional 18,841 shares during the quarter. PDT Partners LLC owned about 0.12% of Douglas Dynamics worth $645,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in Douglas Dynamics in the fourth quarter valued at approximately $49,000. US Bancorp DE lifted its holdings in Douglas Dynamics by 15.6% during the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock worth $72,000 after acquiring an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Douglas Dynamics in the fourth quarter valued at about $111,000. Aquatic Capital Management LLC increased its holdings in shares of Douglas Dynamics by 358.9% in the fourth quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock worth $184,000 after acquiring an additional 6,102 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Douglas Dynamics during the 4th quarter valued at about $219,000. Institutional investors and hedge funds own 91.85% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. DA Davidson reaffirmed a "buy" rating and issued a $32.00 price objective on shares of Douglas Dynamics in a research report on Tuesday, February 25th. StockNews.com raised Douglas Dynamics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th.

Douglas Dynamics Price Performance

NYSE PLOW traded up $0.62 during midday trading on Wednesday, hitting $26.12. The company had a trading volume of 305,592 shares, compared to its average volume of 186,196. The company has a market capitalization of $603.32 million, a PE ratio of 11.29, a P/E/G ratio of 1.14 and a beta of 1.25. The firm has a 50-day moving average price of $23.94 and a 200-day moving average price of $24.67. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $30.98. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of ($0.16) by $0.25. Douglas Dynamics had a return on equity of 12.68% and a net margin of 9.89%. The firm had revenue of $115.07 million for the quarter, compared to the consensus estimate of $107.80 million. During the same quarter last year, the business posted ($0.29) EPS. The company's revenue was up 20.3% compared to the same quarter last year. As a group, analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.52%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics's dividend payout ratio (DPR) is 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.