Wells Fargo & Company MN Acquires 4,097 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Wells Fargo & Company MN lifted its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 27.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,194 shares of the auto parts company’s stock after buying an additional 4,097 shares during the quarter. Wells Fargo & Company MN owned about 0.08% of Douglas Dynamics worth $454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Douglas Dynamics during the fourth quarter worth $49,000. US Bancorp DE increased its position 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 during the period. KLP Kapitalforvaltning AS bought a new stake in Douglas Dynamics during the 4th quarter worth about $111,000. Quantbot Technologies LP acquired a new position in Douglas Dynamics during the 4th quarter valued at about $219,000. Finally, Intech Investment Management LLC bought a new position in shares of Douglas Dynamics in the 4th quarter valued at about $255,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. DA Davidson reaffirmed a “buy” rating and issued a $32.00 target price on shares of Douglas Dynamics in a research note on Tuesday, February 25th.

Douglas Dynamics Trading Up 2.7 %

Douglas Dynamics stock opened at $24.54 on Friday. The company has a market cap of $566.82 million, a price-to-earnings ratio of 10.67, a P/E/G ratio of 1.14 and a beta of 1.17. The firm has a 50-day moving average of $24.04 and a 200-day moving average of $24.70. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $30.98.

Douglas Dynamics Announces Dividend

The company 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 4.81%. The ex-dividend date of this dividend 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.