American Century Companies Inc. Boosts Stake in Douglas Dynamics, Inc. (NYSE:PLOW)

American Century Companies Inc. increased its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 31.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,958 shares of the auto parts company’s stock after buying an additional 11,170 shares during the quarter. American Century Companies Inc. owned about 0.20% of Douglas Dynamics worth $1,110,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Drystone LLC acquired a new stake in shares of Douglas Dynamics in the fourth quarter worth $2,531,000. Monimus Capital Management LP acquired a new stake in Douglas Dynamics during the 4th quarter worth about $2,400,000. Pzena Investment Management LLC raised its stake in shares of Douglas Dynamics by 3.3% during 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. Teacher Retirement System of Texas lifted its holdings in shares of Douglas Dynamics by 183.5% in the 4th quarter. Teacher Retirement System of Texas now owns 76,557 shares of the auto parts company’s stock valued at $1,809,000 after buying an additional 49,557 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Douglas Dynamics by 19.7% in the 4th quarter. Bank of New York Mellon Corp now owns 296,867 shares of the auto parts company’s stock valued at $7,015,000 after buying an additional 48,936 shares during the period. 91.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. DA Davidson reaffirmed a “buy” rating and set a $32.00 target price on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Douglas Dynamics Price Performance

Shares of Douglas Dynamics stock opened at $22.22 on Friday. The firm has a market cap of $513.12 million, a PE ratio of 9.66, a P/E/G ratio of 1.14 and a beta of 1.17. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $30.98. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The business has a 50-day moving average price of $24.70 and a 200 day moving average price of $25.06.

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 50.43%.

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.