Needham Investment Management LLC Grows Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

Needham Investment Management LLC raised its stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 366.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,000 shares of the auto parts company's stock after acquiring an additional 55,000 shares during the period. Needham Investment Management LLC owned approximately 0.30% of Douglas Dynamics worth $1,654,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. US Bancorp DE lifted its holdings in shares of Douglas Dynamics by 15.6% during the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock valued at $72,000 after purchasing an additional 413 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Douglas Dynamics by 4.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the auto parts company's stock valued at $307,000 after acquiring an additional 591 shares during the period. Wellington Management Group LLP lifted its holdings 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 valued at $6,625,000 after acquiring an additional 750 shares during the period. R Squared Ltd bought a new position in Douglas Dynamics in the fourth quarter valued at about $49,000. Finally, Versor Investments LP lifted its holdings in Douglas Dynamics by 15.5% in the fourth quarter. Versor Investments LP now owns 22,400 shares of the auto parts company's stock valued at $529,000 after acquiring an additional 3,000 shares during the period. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Stock Performance

PLOW stock traded down $0.36 during trading on Friday, reaching $28.89. The stock had a trading volume of 217,196 shares, compared to its average volume of 192,779. The stock's 50 day moving average is $24.22 and its two-hundred day moving average is $24.78. 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, Inc. has a 52 week low of $21.30 and a 52 week high of $30.98. The firm has a market cap of $670.51 million, a PE ratio of 12.56, a PEG ratio of 1.14 and a beta of 1.25.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $107.80 million. During the same quarter last year, the company earned ($0.29) earnings per share. The business's revenue for the quarter was up 20.3% compared to the same quarter last year. As a group, equities analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Tuesday, March 18th. Douglas Dynamics's dividend payout ratio (DPR) is currently 43.38%.

Analysts Set New Price Targets

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

About Douglas Dynamics

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.