T. Rowe Price Investment Management Inc. Acquires 143,853 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

T. Rowe Price Investment Management Inc. increased its holdings in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 18.8% in the fourth quarter, according to its most recent Form 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 about 3.94% of Douglas Dynamics worth $21,487,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its stake in shares of Douglas Dynamics by 290.6% during the 4th quarter. Victory Capital Management Inc. now owns 29,300 shares of the auto parts company's stock valued at $692,000 after purchasing an additional 21,799 shares in the last quarter. Barclays PLC boosted its position in Douglas Dynamics by 132.0% during the 3rd quarter. Barclays PLC now owns 54,116 shares of the auto parts company's stock valued at $1,494,000 after acquiring an additional 30,795 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Douglas Dynamics by 19.7% in the 4th quarter. Bank of New York Mellon Corp now owns 296,867 shares of the auto parts company's stock worth $7,015,000 after acquiring an additional 48,936 shares in the last quarter. Cornercap Investment Counsel Inc. purchased a new position in shares of Douglas Dynamics in the 4th quarter valued at approximately $412,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Douglas Dynamics by 0.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company's stock valued at $57,819,000 after purchasing an additional 20,233 shares in the last quarter. Institutional investors own 91.85% of the company's stock.

Wall Street Analyst Weigh In

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

Douglas Dynamics Stock Down 0.5 %

PLOW stock traded down $0.11 during trading on Wednesday, hitting $23.93. 173,040 shares of the stock traded hands, compared to its average volume of 188,243. The stock has a market cap of $552.74 million, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. Douglas Dynamics, Inc. has a 1 year low of $21.30 and a 1 year high of $30.98. The firm's 50 day moving average is $24.15 and its two-hundred day moving average is $24.76.

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were given a $0.295 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $1.18 annualized dividend and a yield of 4.93%. Douglas Dynamics's dividend payout ratio (DPR) is presently 50.43%.

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.