Norges Bank Purchases Shares of 26,100 Douglas Dynamics, Inc. (NYSE:PLOW)

Norges Bank bought a new position in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 26,100 shares of the auto parts company's stock, valued at approximately $617,000. Norges Bank owned about 0.11% of Douglas Dynamics as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of PLOW. R Squared Ltd purchased a new stake in Douglas Dynamics during the fourth quarter valued at about $49,000. FMR LLC increased its position in shares of Douglas Dynamics by 88.6% during the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company's stock valued at $72,000 after purchasing an additional 1,229 shares during the last quarter. US Bancorp DE raised its holdings in shares of Douglas Dynamics by 15.6% during the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company's stock valued at $72,000 after buying an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Douglas Dynamics in the 4th quarter worth approximately $111,000. Finally, XTX Topco Ltd purchased a new stake in Douglas Dynamics in the third quarter worth approximately $219,000. Hedge funds and other institutional investors own 91.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. StockNews.com raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th. DA Davidson reiterated 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 Trading Up 0.2 %

PLOW traded up $0.05 on Thursday, hitting $23.60. 31,089 shares of the company were exchanged, compared to its average volume of 189,715. 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 firm has a fifty day simple moving average of $24.53 and a two-hundred day simple moving average of $24.96. The stock has a market capitalization of $545.04 million, a PE ratio of 10.26, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $30.98.

Douglas Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 5.00%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics's dividend 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.