Vanguard Group Inc. Sells 8,743 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Vanguard Group Inc. reduced its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,291,780 shares of the auto parts company’s stock after selling 8,743 shares during the period. Vanguard Group Inc. owned approximately 0.06% of Douglas Dynamics worth $30,525,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in Douglas Dynamics in the 4th quarter valued at approximately $49,000. FMR LLC raised its holdings in shares of Douglas Dynamics by 88.6% in the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after buying an additional 1,229 shares in the last quarter. US Bancorp DE lifted its position in shares of Douglas Dynamics by 15.6% during 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 period. KLP Kapitalforvaltning AS acquired a new stake in Douglas Dynamics in the 4th quarter valued at $111,000. Finally, XTX Topco Ltd bought a new stake in Douglas Dynamics in the third quarter valued at $219,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PLOW shares. DA Davidson reissued a “buy” rating and set a $32.00 price objective on shares of Douglas Dynamics in a report on Tuesday, February 25th. StockNews.com upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th.

Douglas Dynamics Trading Up 2.7 %

Shares of PLOW opened at $23.11 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. The company has a market cap of $533.79 million, a price-to-earnings ratio of 10.05, a PEG ratio of 1.14 and a beta of 1.17. The stock has a fifty day moving average price of $24.61 and a two-hundred day moving average price of $24.98. Douglas Dynamics, Inc. has a 52-week low of $21.30 and a 52-week high of $30.98.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 5.11%. The ex-dividend date was Tuesday, March 18th. 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.