Victory Capital Management Inc. Has $692,000 Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Victory Capital Management Inc. lifted its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 290.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,300 shares of the auto parts company’s stock after acquiring an additional 21,799 shares during the quarter. Victory Capital Management Inc.’s holdings in Douglas Dynamics were worth $692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the business. US Bancorp DE increased its holdings in 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. FMR LLC increased its holdings in 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 purchasing an additional 1,229 shares in the last quarter. R Squared Ltd bought a new stake in Douglas Dynamics in the fourth quarter worth approximately $49,000. Harbor Capital Advisors Inc. increased its holdings in Douglas Dynamics by 0.7% in the fourth quarter. Harbor Capital Advisors Inc. now owns 355,977 shares of the auto parts company’s stock worth $8,412,000 after purchasing an additional 2,445 shares in the last quarter. Finally, Versor Investments LP increased its holdings in Douglas Dynamics by 15.5% in the fourth quarter. Versor Investments LP now owns 22,400 shares of the auto parts company’s stock worth $529,000 after purchasing an additional 3,000 shares in the last quarter. 91.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on PLOW. StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Wednesday, February 26th. DA Davidson reiterated a “buy” rating and issued a $32.00 target price on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Douglas Dynamics Trading Down 1.4 %

NYSE PLOW opened at $23.70 on Friday. The company has a market cap of $547.35 million, a price-to-earnings ratio of 10.30, a P/E/G ratio of 1.14 and a beta of 1.17. Douglas Dynamics, Inc. has a 52 week low of $21.31 and a 52 week high of $30.98. The business has a 50 day moving average price of $25.41 and a 200-day moving average price of $25.56. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $1.18 annualized dividend and a dividend yield of 4.98%. Douglas Dynamics’s dividend payout ratio is 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.