Douglas Dynamics, Inc. (NYSE:PLOW) Shares Sold by Mcmorgan & Co. LLC

Mcmorgan & Co. LLC lessened its position in Douglas Dynamics, Inc. (NYSE:PLOW) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,873 shares of the auto parts company’s stock after selling 460 shares during the period. Mcmorgan & Co. LLC owned approximately 0.30% of Douglas Dynamics worth $1,651,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. US Bancorp DE grew its stake in shares of Douglas Dynamics by 15.6% in the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 413 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Douglas Dynamics by 0.3% in the fourth quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company’s stock worth $6,625,000 after purchasing an additional 750 shares during the period. FMR LLC grew its position in Douglas Dynamics by 88.6% in the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock valued at $72,000 after buying an additional 1,229 shares in the last quarter. R Squared Ltd acquired a new position in Douglas Dynamics during the 4th quarter valued at about $49,000. Finally, Harbor Capital Advisors Inc. raised its position in shares of Douglas Dynamics by 0.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 355,977 shares of the auto parts company’s stock worth $8,412,000 after buying an additional 2,445 shares in the last quarter. 91.85% of the stock is currently owned by institutional investors.

Douglas Dynamics Price Performance

Shares of Douglas Dynamics stock opened at $23.67 on Friday. Douglas Dynamics, Inc. has a 52 week low of $21.30 and a 52 week high of $30.98. 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 stock has a market cap of $546.68 million, a PE ratio of 10.29, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17. The company’s 50-day moving average price is $24.44 and its two-hundred day moving average price is $24.89.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 18th were issued a $0.295 dividend. 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 payout ratio is currently 50.43%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PLOW shares. DA Davidson reiterated a “buy” rating and set a $32.00 price objective on shares of Douglas Dynamics in a research note on Tuesday, February 25th. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th.

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.