Douglas Dynamics, Inc. (NYSE:PLOW) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC cut its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,664 shares of the auto parts company’s stock after selling 833 shares during the period. Anchor Capital Advisors LLC’s holdings in Douglas Dynamics were worth $1,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Douglas Dynamics in the 4th quarter valued at $49,000. FMR LLC lifted its stake in shares of Douglas Dynamics by 88.6% in the third 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. Quest Partners LLC acquired a new position in Douglas Dynamics during the third quarter worth about $118,000. Victory Capital Management Inc. purchased a new stake in Douglas Dynamics during the 3rd quarter valued at about $207,000. Finally, XTX Topco Ltd acquired a new stake in Douglas Dynamics in the 3rd quarter valued at about $219,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Dynamics Price Performance

Douglas Dynamics stock opened at $27.02 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $25.06 and a 200 day moving average price of $25.85. Douglas Dynamics, Inc. has a 12-month low of $21.31 and a 12-month high of $30.98. The stock has a market cap of $624.05 million, a P/E ratio of 11.75, a PEG ratio of 1.14 and a beta of 1.21.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.37%. The ex-dividend date is Tuesday, March 18th. Douglas Dynamics’s payout ratio is presently 50.43%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PLOW shares. DA Davidson restated a “buy” rating and set a $32.00 target price on shares of Douglas Dynamics in a report on Tuesday. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.