US Bancorp DE Acquires 413 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

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

Several other large investors have also added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of Douglas Dynamics during the 4th quarter worth approximately $49,000. FMR LLC boosted its stake in 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 acquiring an additional 1,229 shares in the last quarter. Quest Partners LLC acquired a new stake in Douglas Dynamics in the third quarter worth $118,000. Victory Capital Management Inc. bought a new stake in Douglas Dynamics in the third quarter valued at $207,000. Finally, XTX Topco Ltd acquired a new position in shares of Douglas Dynamics during the third quarter valued at about $219,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

PLOW has been the subject of a number of research analyst reports. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. DA Davidson restated a “buy” rating and set a $32.00 price objective on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock opened at $24.55 on Tuesday. The company has a market cap 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 company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a 52 week low of $21.31 and a 52 week high of $30.98. The business has a 50 day moving average price of $25.38 and a 200-day moving average price of $25.64.

Douglas Dynamics Dividend Announcement

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

Douglas Dynamics Company 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.