Y Intercept Hong Kong Ltd Cuts Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 45.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,807 shares of the auto parts company’s stock after selling 11,645 shares during the quarter. Y Intercept Hong Kong Ltd owned 0.06% of Douglas Dynamics worth $326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its stake in Douglas Dynamics by 0.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company’s stock worth $57,819,000 after buying an additional 20,233 shares during the last quarter. Drystone LLC acquired a new position in shares of Douglas Dynamics in the 4th quarter valued at about $2,531,000. R Squared Ltd acquired a new position in Douglas Dynamics in the 4th quarter worth about $49,000. Olstein Capital Management L.P. raised its holdings in Douglas Dynamics by 11.9% in the 4th quarter. Olstein Capital Management L.P. now owns 75,000 shares of the auto parts company’s stock worth $1,772,000 after purchasing an additional 8,000 shares during the period. Finally, D.B. Root & Company LLC raised its holdings in Douglas Dynamics by 22.4% in the 4th quarter. D.B. Root & Company LLC now owns 17,292 shares of the auto parts company’s stock worth $409,000 after purchasing an additional 3,163 shares during the period. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Dynamics Stock Down 3.7 %

Shares of NYSE PLOW opened at $26.05 on Tuesday. The stock has a market cap of $601.60 million, a P/E ratio of 11.33, a PEG ratio of 1.14 and a beta of 1.21. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a 12-month low of $21.31 and a 12-month high of $30.98. The business’s fifty day simple moving average is $25.11 and its 200-day simple moving average is $25.83.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 4.53%. The ex-dividend date is Tuesday, March 18th. Douglas Dynamics’s payout ratio is currently 50.43%.

Wall Street Analyst Weigh In

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

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.