Pacific Ridge Capital Partners LLC Increases Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Pacific Ridge Capital Partners LLC increased its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 46.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 30,615 shares of the auto parts company’s stock after buying an additional 9,720 shares during the quarter. Pacific Ridge Capital Partners LLC owned 0.13% of Douglas Dynamics worth $723,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. DF Dent & Co. Inc. raised its position in Douglas Dynamics by 26.3% in the third quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company’s stock worth $23,599,000 after acquiring an additional 178,018 shares during the period. Drystone LLC bought a new stake in shares of Douglas Dynamics in the 4th quarter worth approximately $2,531,000. Monimus Capital Management LP purchased a new position in Douglas Dynamics in the fourth quarter valued at approximately $2,400,000. Dean Investment Associates LLC bought a new position in Douglas Dynamics during the third quarter valued at $2,676,000. Finally, Hotchkis & Wiley Capital Management LLC increased its position in Douglas Dynamics by 78.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 202,680 shares of the auto parts company’s stock worth $5,590,000 after buying an additional 88,940 shares during the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Douglas Dynamics Trading Down 0.8 %

NYSE:PLOW opened at $23.72 on Thursday. Douglas Dynamics, Inc. has a 1 year low of $21.31 and a 1 year high of $30.98. The stock’s fifty day moving average price is $25.41 and its two-hundred day moving average price is $25.48. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The company has a market cap of $547.67 million, a P/E ratio of 10.31, a P/E/G ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be paid a $0.295 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $1.18 annualized dividend and a yield of 4.98%. Douglas Dynamics’s dividend payout ratio is currently 50.43%.

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.