KLP Kapitalforvaltning AS Takes $111,000 Position in Douglas Dynamics, Inc. (NYSE:PLOW)

KLP Kapitalforvaltning AS bought a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,700 shares of the auto parts company’s stock, valued at approximately $111,000.

Other hedge funds have also added to or reduced their stakes in the company. Hillsdale Investment Management Inc. acquired a new position in shares of Douglas Dynamics during the 4th quarter worth about $1,170,000. American Century Companies Inc. raised its holdings in Douglas Dynamics by 31.2% during the fourth quarter. American Century Companies Inc. now owns 46,958 shares of the auto parts company’s stock worth $1,110,000 after acquiring an additional 11,170 shares in the last quarter. Quantbot Technologies LP bought a new stake in Douglas Dynamics during the fourth quarter worth about $219,000. Teacher Retirement System of Texas boosted its position in Douglas Dynamics by 183.5% during the fourth quarter. Teacher Retirement System of Texas now owns 76,557 shares of the auto parts company’s stock valued at $1,809,000 after purchasing an additional 49,557 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in Douglas Dynamics in the fourth quarter valued at approximately $255,000. Institutional investors own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. DA Davidson reissued a “buy” rating and issued a $32.00 price objective on shares of Douglas Dynamics in a report on Tuesday, February 25th. StockNews.com raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th.

Douglas Dynamics Stock Performance

PLOW opened at $22.22 on Friday. 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, Inc. has a 12-month low of $21.30 and a 12-month high of $30.98. The business has a 50 day moving average of $24.70 and a 200-day moving average of $25.06. The stock has a market cap of $513.12 million, a price-to-earnings ratio of 9.66, a PEG ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend was Tuesday, March 18th. 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.