D.B. Root & Company LLC Buys 3,163 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

D.B. Root & Company LLC grew its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 22.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,292 shares of the auto parts company’s stock after purchasing an additional 3,163 shares during the period. D.B. Root & Company LLC owned approximately 0.07% of Douglas Dynamics worth $409,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC grew its stake in shares of Douglas Dynamics by 55.5% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,258 shares of the auto parts company’s stock valued at $290,000 after buying an additional 4,375 shares during the last quarter. BluePath Capital Management LLC grew its position in Douglas Dynamics by 32.0% in the 4th quarter. BluePath Capital Management LLC now owns 28,916 shares of the auto parts company’s stock valued at $684,000 after acquiring an additional 7,003 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in 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 worth $8,412,000 after purchasing an additional 2,445 shares during the period. Kings Path Partners LLC bought a new stake in shares of Douglas Dynamics during the fourth quarter worth $419,000. Finally, Barclays PLC lifted its position in shares of Douglas Dynamics by 132.0% during the third quarter. Barclays PLC now owns 54,116 shares of the auto parts company’s stock worth $1,494,000 after purchasing an additional 30,795 shares during the last quarter. Institutional investors own 91.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLOW. Robert W. Baird reduced their price target on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. StockNews.com lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday.

Douglas Dynamics Stock Up 0.4 %

Shares of NYSE PLOW opened at $25.48 on Thursday. Douglas Dynamics, Inc. has a 12-month low of $21.31 and a 12-month high of $30.98. The stock’s fifty day simple moving average is $24.69 and its two-hundred day simple moving average is $25.76. The stock has a market capitalization of $588.33 million, a PE ratio of 11.08, a price-to-earnings-growth ratio of 1.11 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date was Monday, December 16th. Douglas Dynamics’s dividend payout ratio is currently 51.30%.

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.