Douglas Dynamics (NYSE:PLOW) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Douglas Dynamics (NYSE:PLOW – Get Rating) in a research note published on Thursday morning. The brokerage issued a buy rating on the auto parts company’s stock.

Separately, DA Davidson reissued a buy rating and issued a $45.00 price objective on shares of Douglas Dynamics in a research note on Tuesday, February 21st.

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock opened at $30.62 on Thursday. The company has a market cap of $700.89 million, a PE ratio of 18.90 and a beta of 1.03. Douglas Dynamics has a 52 week low of $27.76 and a 52 week high of $41.40. The business has a 50 day moving average price of $38.01 and a 200-day moving average price of $35.30. The company has a quick ratio of 1.15, a current ratio of 2.52 and a debt-to-equity ratio of 0.82.

Douglas Dynamics Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 17th will be given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.85%. This is an increase from Douglas Dynamics’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, March 16th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 72.84%.

Insider Activity at Douglas Dynamics

In related news, CEO Robert L. Mccormick sold 10,341 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $36.61, for a total transaction of $378,584.01. Following the completion of the sale, the chief executive officer now directly owns 55,106 shares of the company’s stock, valued at $2,017,430.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Robert L. Mccormick sold 10,341 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $36.61, for a total transaction of $378,584.01. Following the completion of the sale, the chief executive officer now directly owns 55,106 shares of the company’s stock, valued at $2,017,430.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sarah C. Lauber sold 3,757 shares of the stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $36.66, for a total value of $137,731.62. Following the sale, the chief financial officer now directly owns 32,202 shares of the company’s stock, valued at $1,180,525.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 14,416 shares of company stock valued at $528,098. 2.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Douglas Dynamics

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lakewood Asset Management LLC bought a new position in Douglas Dynamics during the fourth quarter valued at $112,000. Jane Street Group LLC bought a new position in Douglas Dynamics during the fourth quarter valued at $211,000. Squarepoint Ops LLC bought a new position in Douglas Dynamics during the fourth quarter valued at $672,000. Millennium Management LLC grew its holdings in Douglas Dynamics by 20.6% during the fourth quarter. Millennium Management LLC now owns 257,675 shares of the auto parts company’s stock valued at $9,318,000 after purchasing an additional 43,928 shares during the period. Finally, Morgan Stanley grew its holdings in Douglas Dynamics by 4.3% during the fourth quarter. Morgan Stanley now owns 60,510 shares of the auto parts company’s stock valued at $2,188,000 after purchasing an additional 2,501 shares during the period. 91.78% of the stock is owned by institutional investors.

About Douglas Dynamics

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Douglas Dynamics, Inc engages in the manufacture of commercial work truck attachments and equipment. It operates through the following segments: Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments segments include manufactured snow and ice control attachments sold under FISHER, HENDERSON, SNOWEX and WESTERN brands.