US Bancorp DE Has $72,000 Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

US Bancorp DE grew its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,052 shares of the auto parts company’s stock after acquiring an additional 413 shares during the quarter. US Bancorp DE’s holdings in Douglas Dynamics were worth $72,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Versor Investments LP increased its position in Douglas Dynamics by 15.5% during the 4th quarter. Versor Investments LP now owns 22,400 shares of the auto parts company’s stock worth $529,000 after purchasing an additional 3,000 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Douglas Dynamics by 19.7% during the fourth quarter. Bank of New York Mellon Corp now owns 296,867 shares of the auto parts company’s stock worth $7,015,000 after buying an additional 48,936 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Douglas Dynamics by 0.8% in the 4th 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 acquiring an additional 20,233 shares during the last quarter. Drystone LLC acquired a new stake in shares of Douglas Dynamics during the 4th quarter valued at $2,531,000. Finally, R Squared Ltd bought a new stake in Douglas Dynamics during the 4th quarter worth $49,000. Institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Trading Up 0.6 %

NYSE PLOW opened at $24.55 on Tuesday. Douglas Dynamics, Inc. has a 12 month low of $21.31 and a 12 month high of $30.98. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $567.00 million, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. The business’s 50-day moving average price is $25.38 and its two-hundred day moving average price is $25.64.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.295 per share. The ex-dividend date is Tuesday, March 18th. This represents a $1.18 annualized dividend and a yield of 4.81%. Douglas Dynamics’s payout ratio is 50.43%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. DA Davidson reissued a “buy” rating and set a $32.00 target price on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Douglas Dynamics 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.