Douglas Dynamics, Inc. (NYSE:PLOW) Shares Acquired by Ararat Capital Management LP

Ararat Capital Management LP boosted its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 40.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 807,186 shares of the auto parts company's stock after acquiring an additional 233,255 shares during the period. Douglas Dynamics comprises about 7.6% of Ararat Capital Management LP's portfolio, making the stock its 6th largest position. Ararat Capital Management LP owned approximately 3.50% of Douglas Dynamics worth $19,074,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in Douglas Dynamics by 290.6% in the fourth quarter. Victory Capital Management Inc. now owns 29,300 shares of the auto parts company's stock worth $692,000 after purchasing an additional 21,799 shares during the last quarter. Bank of New York Mellon Corp increased its position in Douglas Dynamics by 19.7% during the 4th quarter. Bank of New York Mellon Corp now owns 296,867 shares of the auto parts company's stock valued at $7,015,000 after buying an additional 48,936 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in Douglas Dynamics in the fourth quarter valued at about $412,000. Barclays PLC raised its stake in Douglas Dynamics by 132.0% in the third quarter. Barclays PLC now owns 54,116 shares of the auto parts company's stock valued at $1,494,000 after buying an additional 30,795 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Douglas Dynamics by 0.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company's stock worth $57,819,000 after acquiring an additional 20,233 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock traded up $1.12 during trading on Thursday, hitting $26.74. 136,415 shares of the company's stock were exchanged, compared to its average volume of 187,395. Douglas Dynamics, Inc. has a 52-week low of $21.30 and a 52-week high of $30.98. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. The stock has a market capitalization of $617.64 million, a price-to-earnings ratio of 11.63, a PEG ratio of 1.14 and a beta of 1.25. The business has a 50-day simple moving average of $23.91 and a 200-day simple moving average of $24.67.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its earnings results on Monday, May 5th. The auto parts company reported $0.09 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $107.80 million. During the same period last year, the company earned ($0.29) earnings per share. Douglas Dynamics's revenue for the quarter was up 20.3% compared to the same quarter last year. On average, research analysts forecast that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were paid a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.18 annualized dividend and a dividend yield of 4.41%. Douglas Dynamics's dividend payout ratio is presently 50.43%.

Analyst Ratings Changes

Several analysts have weighed in on PLOW shares. StockNews.com raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th. DA Davidson reissued a "buy" rating and issued a $32.00 target price on shares of Douglas Dynamics in a research report on Tuesday, February 25th.

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.