Versor Investments LP Has $529,000 Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Versor Investments LP boosted its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 15.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,400 shares of the auto parts company’s stock after buying an additional 3,000 shares during the quarter. Versor Investments LP’s holdings in Douglas Dynamics were worth $529,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its holdings in shares of Douglas Dynamics by 19.7% during the fourth quarter. Bank of New York Mellon Corp now owns 296,867 shares of the auto parts company’s stock valued at $7,015,000 after acquiring an additional 48,936 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Douglas Dynamics by 0.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company’s stock valued at $57,819,000 after purchasing an additional 20,233 shares during the last quarter. Drystone LLC acquired a new position in Douglas Dynamics in the fourth quarter valued at about $2,531,000. R Squared Ltd bought a new stake in Douglas Dynamics during the fourth quarter worth about $49,000. Finally, Olstein Capital Management L.P. grew its stake in Douglas Dynamics by 11.9% during the fourth quarter. Olstein Capital Management L.P. now owns 75,000 shares of the auto parts company’s stock worth $1,772,000 after buying an additional 8,000 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Douglas Dynamics Trading Down 1.1 %

PLOW opened at $27.02 on Friday. Douglas Dynamics, Inc. has a 1-year low of $21.31 and a 1-year high of $30.98. The stock has a market capitalization of $624.05 million, a PE ratio of 11.75, a PEG ratio of 1.14 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. The firm has a 50-day moving average price of $25.06 and a two-hundred day moving average price of $25.85.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is 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.