T. Rowe Price Investment Management Inc. Boosts Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

T. Rowe Price Investment Management Inc. boosted its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 18.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 909,283 shares of the auto parts company's stock after acquiring an additional 143,853 shares during the quarter. T. Rowe Price Investment Management Inc. owned 3.94% of Douglas Dynamics worth $21,487,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Douglas Dynamics during the 4th quarter worth $49,000. US Bancorp DE raised its position in 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 acquiring an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Douglas Dynamics in the 4th quarter valued at $111,000. Quantbot Technologies LP acquired a new position in shares of Douglas Dynamics in the fourth quarter worth about $219,000. Finally, Intech Investment Management LLC acquired a new stake in Douglas Dynamics in the fourth quarter valued at approximately $255,000. 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 $0.65 during trading on Friday, hitting $24.54. 51,701 shares of the stock were exchanged, compared to its average volume of 185,444. The stock has a market cap of $566.71 million, a PE ratio of 10.68, a P/E/G ratio of 1.14 and a beta of 1.17. 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's fifty day moving average is $24.08 and its 200 day moving average is $24.73. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $30.98.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date of this dividend was Tuesday, March 18th. Douglas Dynamics's payout ratio is presently 50.43%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PLOW shares. StockNews.com upgraded Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. DA Davidson restated a "buy" rating and set a $32.00 price target 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.