Pacific Ridge Capital Partners LLC Grows Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

Pacific Ridge Capital Partners LLC increased its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 46.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,615 shares of the auto parts company’s stock after acquiring an additional 9,720 shares during the quarter. Pacific Ridge Capital Partners LLC’s holdings in Douglas Dynamics were worth $723,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Jane Street Group LLC increased its stake in Douglas Dynamics by 109.6% in the 3rd quarter. Jane Street Group LLC now owns 66,695 shares of the auto parts company’s stock worth $1,839,000 after acquiring an additional 34,873 shares during the last quarter. Barclays PLC increased its position in shares of Douglas Dynamics by 132.0% in 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. Victory Capital Management Inc. raised its stake in Douglas Dynamics by 290.6% in the fourth quarter. Victory Capital Management Inc. now owns 29,300 shares of the auto parts company’s stock valued at $692,000 after purchasing an additional 21,799 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Douglas Dynamics by 0.8% during the fourth 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. Finally, Pzena Investment Management LLC lifted its position in Douglas Dynamics by 3.3% during the fourth quarter. Pzena Investment Management LLC now owns 1,679,041 shares of the auto parts company’s stock valued at $39,676,000 after purchasing an additional 54,221 shares during the last quarter. Institutional investors own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of 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 target on shares of Douglas Dynamics in a research report on Tuesday, February 25th.

Douglas Dynamics Stock Performance

NYSE:PLOW opened at $23.72 on Thursday. Douglas Dynamics, Inc. has a 1-year low of $21.31 and a 1-year high of $30.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The business has a 50 day moving average of $25.41 and a 200 day moving average of $25.48. The company has a market capitalization of $547.67 million, a price-to-earnings ratio of 10.31, a PEG ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be paid a $0.295 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.98%. Douglas Dynamics’s dividend payout ratio (DPR) is 50.43%.

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.