Victory Capital Management Inc. Raises Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

Victory Capital Management Inc. raised its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 290.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,300 shares of the auto parts company’s stock after purchasing an additional 21,799 shares during the period. Victory Capital Management Inc. owned 0.13% of Douglas Dynamics worth $692,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in PLOW. US Bancorp DE lifted its position in shares of Douglas Dynamics by 15.6% in the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock worth $72,000 after buying an additional 413 shares during the last quarter. FMR LLC boosted its holdings in shares of Douglas Dynamics by 88.6% during the third quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 1,229 shares during the period. R Squared Ltd bought a new position in Douglas Dynamics during the fourth quarter valued at approximately $49,000. Harbor Capital Advisors Inc. raised its position in shares of Douglas Dynamics by 0.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 355,977 shares of the auto parts company’s stock valued at $8,412,000 after purchasing an additional 2,445 shares during the period. Finally, Versor Investments LP raised its position in shares of Douglas Dynamics by 15.5% in the fourth quarter. Versor Investments LP now owns 22,400 shares of the auto parts company’s stock valued at $529,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 91.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on PLOW. DA Davidson reiterated a “buy” rating and set a $32.00 price target on shares of Douglas Dynamics in a research note on Tuesday, February 25th. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th.

Douglas Dynamics Stock Down 1.4 %

PLOW opened at $23.70 on Friday. 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 stock has a market cap of $547.35 million, a PE ratio of 10.30, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. The stock’s fifty day simple moving average is $25.41 and its 200 day simple moving average is $25.56. Douglas Dynamics, Inc. has a 1-year low of $21.31 and a 1-year high of $30.98.

Douglas Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend is Tuesday, March 18th. Douglas Dynamics’s dividend payout ratio (DPR) is currently 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.