Douglas Dynamics, Inc. (NYSE:PLOW) Stake Raised by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC increased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 16.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,191,913 shares of the auto parts company's stock after acquiring an additional 311,799 shares during the quarter. Conestoga Capital Advisors LLC owned approximately 9.54% of Douglas Dynamics worth $65,056,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC lifted its position in Douglas Dynamics by 93.0% in the first quarter. FMR LLC now owns 1,073 shares of the auto parts company's stock valued at $34,000 after buying an additional 517 shares during the last quarter. NewEdge Advisors LLC lifted its position in Douglas Dynamics by 4,670.8% in the first quarter. NewEdge Advisors LLC now owns 1,145 shares of the auto parts company's stock valued at $37,000 after buying an additional 1,121 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Douglas Dynamics in the second quarter valued at about $46,000. Lazard Asset Management LLC acquired a new position in Douglas Dynamics in the third quarter valued at about $50,000. Finally, Tower Research Capital LLC TRC lifted its position in Douglas Dynamics by 211.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,825 shares of the auto parts company's stock valued at $51,000 after buying an additional 1,239 shares during the last quarter. Institutional investors and hedge funds own 91.85% of the company's stock.

Douglas Dynamics Trading Down 3.6 %

NYSE:PLOW traded down $0.84 on Wednesday, reaching $22.38. 489,706 shares of the company's stock were exchanged, compared to its average volume of 247,074. The company has a quick ratio of 1.01, a current ratio of 2.21 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $514.29 million, a price-to-earnings ratio of 23.31, a price-to-earnings-growth ratio of 1.11 and a beta of 1.14. The business has a fifty day moving average of $24.30 and a 200-day moving average of $26.96. Douglas Dynamics, Inc. has a 52-week low of $21.88 and a 52-week high of $35.39.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The auto parts company reported $0.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.12. The company had revenue of $134.25 million for the quarter, compared to analyst estimates of $134.00 million. Douglas Dynamics had a net margin of 4.18% and a return on equity of 10.18%. As a group, analysts expect that Douglas Dynamics, Inc. will post 1.46 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Monday, March 18th were paid a dividend of $0.295 per share. The ex-dividend date was Friday, March 15th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.27%. Douglas Dynamics's payout ratio is 122.92%.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird reiterated a "neutral" rating and set a $25.00 price target (down from $36.00) on shares of Douglas Dynamics in a research note on Monday.

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.