Invenomic Capital Management LP Grows Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Invenomic Capital Management LP increased its position in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 43.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 305,662 shares of the auto parts company's stock after buying an additional 92,062 shares during the period. Invenomic Capital Management LP owned about 1.32% of Douglas Dynamics worth $7,223,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PLOW. R Squared Ltd bought a new position in shares of Douglas Dynamics during the 4th quarter valued at approximately $49,000. US Bancorp DE grew its stake in Douglas Dynamics by 15.6% in the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock worth $72,000 after purchasing an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of Douglas Dynamics during the fourth quarter valued at $111,000. Aquatic Capital Management LLC increased its position in Douglas Dynamics by 358.9% during the 4th quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock valued at $184,000 after purchasing an additional 6,102 shares during the period. Finally, Quantbot Technologies LP bought a new position in Douglas Dynamics in the fourth quarter worth approximately $219,000. Hedge funds and other institutional investors own 91.85% of the company's stock.

Douglas Dynamics Price Performance

NYSE PLOW traded down $0.36 during trading hours on Friday, hitting $28.89. 217,196 shares of the company's stock traded hands, compared to its average volume of 192,551. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The firm's 50-day moving average is $24.22 and its 200-day moving average is $24.78. The company has a market capitalization of $670.51 million, a PE ratio of 12.56, a PEG ratio of 1.14 and a beta of 1.25. Douglas Dynamics, Inc. has a 52-week low of $21.30 and a 52-week high of $30.98.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share (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 company had revenue of $115.07 million during the quarter, compared to analysts' expectations of $107.80 million. During the same quarter last year, the firm earned ($0.29) earnings per share. The firm's quarterly revenue was up 20.3% compared to the same quarter last year. Equities analysts forecast that Douglas Dynamics, Inc. will post 1.3 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

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

Analyst Upgrades and Downgrades

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

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.