Nuveen Asset Management LLC boosted its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 0.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,773 shares of the auto parts company’s stock after purchasing an additional 271 shares during the period. Nuveen Asset Management LLC owned about 0.39% of Douglas Dynamics worth $3,797,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in shares of Douglas Dynamics by 31.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 929 shares of the auto parts company’s stock worth $40,000 after buying an additional 224 shares in the last quarter. Captrust Financial Advisors increased its holdings in Douglas Dynamics by 6.3% during the 4th quarter. Captrust Financial Advisors now owns 4,754 shares of the auto parts company’s stock valued at $203,000 after purchasing an additional 280 shares in the last quarter. West Branch Capital LLC bought a new position in Douglas Dynamics in the 4th quarter valued at $222,000. Citigroup Inc. boosted its stake in Douglas Dynamics by 39.7% in the fourth quarter. Citigroup Inc. now owns 10,923 shares of the auto parts company’s stock worth $467,000 after purchasing an additional 3,106 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in shares of Douglas Dynamics by 213.3% in the fourth quarter. SG Americas Securities LLC now owns 11,503 shares of the auto parts company’s stock valued at $492,000 after buying an additional 7,832 shares in the last quarter. Hedge funds and other institutional investors own 90.85% of the company’s stock.
PLOW opened at $45.01 on Wednesday. The firm has a 50 day simple moving average of $47.74 and a 200 day simple moving average of $42.67. Douglas Dynamics, Inc. has a fifty-two week low of $25.63 and a fifty-two week high of $51.44. The company has a market cap of $1.03 billion, a price-to-earnings ratio of -10.98 and a beta of 0.87. The company has a debt-to-equity ratio of 1.42, a current ratio of 3.19 and a quick ratio of 1.84.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Friday, March 19th were issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend was Thursday, March 18th. This is an increase from Douglas Dynamics’s previous quarterly dividend of $0.28. Douglas Dynamics’s dividend payout ratio is currently 49.35%.
PLOW has been the subject of several research reports. Zacks Investment Research cut shares of Douglas Dynamics from a “hold” rating to a “strong sell” rating in a research report on Saturday, February 27th. Robert W. Baird raised shares of Douglas Dynamics from a “neutral” rating to an “outperform” rating and raised their price target for the company from $38.00 to $52.00 in a report on Wednesday, February 3rd. Craig Hallum upped their price objective on Douglas Dynamics from $38.00 to $45.00 and gave the stock a “hold” rating in a report on Wednesday, February 24th. Finally, TheStreet cut Douglas Dynamics from a “b-” rating to a “c+” rating in a research note on Monday, April 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $45.25.
In other Douglas Dynamics news, CEO Robert L. Mccormick sold 8,414 shares of the firm’s stock in a transaction dated Wednesday, March 10th. The stock was sold at an average price of $49.29, for a total transaction of $414,726.06. Following the transaction, the chief executive officer now owns 22,071 shares in the company, valued at $1,087,879.59. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.30% of the stock is currently owned by company insiders.
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.
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