Douglas Dynamics, Inc. (NYSE:PLOW) Short Interest Update

Douglas Dynamics, Inc. (NYSE:PLOW) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 568,100 shares, a growth of 22.8% from the March 15th total of 462,500 shares. Approximately 2.5% of the shares of the company are short sold. Based on an average trading volume of 180,800 shares, the days-to-cover ratio is presently 3.1 days.

Institutional Trading of Douglas Dynamics

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Douglas Dynamics by 0.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company’s stock worth $57,819,000 after acquiring an additional 20,233 shares during the last quarter. Pzena Investment Management LLC grew its position in shares of Douglas Dynamics by 3.3% in the 4th quarter. Pzena Investment Management LLC now owns 1,679,041 shares of the auto parts company’s stock valued at $39,676,000 after buying an additional 54,221 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Douglas Dynamics by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 954,671 shares of the auto parts company’s stock worth $22,559,000 after purchasing an additional 44,063 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in Douglas Dynamics by 18.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 909,283 shares of the auto parts company’s stock worth $21,487,000 after acquiring an additional 143,853 shares during the period. Finally, Ararat Capital Management LP boosted its holdings in shares of Douglas Dynamics by 40.6% during the 4th quarter. Ararat Capital Management LP now owns 807,186 shares of the auto parts company’s stock worth $19,074,000 after buying an additional 233,255 shares in the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PLOW. DA Davidson reaffirmed a “buy” rating and set a $32.00 price target 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 Price Performance

NYSE:PLOW traded up $0.12 during mid-day trading on Friday, reaching $23.67. The stock had a trading volume of 292,723 shares, compared to its average volume of 189,258. Douglas Dynamics has a 12 month low of $21.30 and a 12 month high of $30.98. The stock has a market capitalization of $546.68 million, a PE ratio of 10.29, a P/E/G ratio of 1.14 and a beta of 1.17. 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 stock has a 50-day simple moving average of $24.44 and a two-hundred day simple moving average of $24.87.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.295 per share. The ex-dividend date was Tuesday, March 18th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.99%. Douglas Dynamics’s dividend payout ratio (DPR) is currently 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.