Wellington Management Group LLP Has $6.63 Million Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Wellington Management Group LLP lifted its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 280,351 shares of the auto parts company’s stock after purchasing an additional 750 shares during the quarter. Wellington Management Group LLP owned approximately 1.21% of Douglas Dynamics worth $6,625,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd bought a new stake in Douglas Dynamics in the fourth quarter worth $49,000. FMR LLC lifted its position in shares of Douglas Dynamics by 88.6% in the third quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after buying an additional 1,229 shares during the last quarter. US Bancorp DE boosted its stake in shares of Douglas Dynamics by 15.6% during the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock worth $72,000 after acquiring an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Douglas Dynamics during the 4th quarter valued at about $111,000. Finally, XTX Topco Ltd bought a new position in shares of Douglas Dynamics in the 3rd quarter valued at approximately $219,000. Institutional investors own 91.85% of the company’s stock.

Wall Street Analysts Forecast Growth

PLOW has been the subject of a number of recent analyst reports. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th. DA Davidson restated a “buy” rating and issued a $32.00 price objective on shares of Douglas Dynamics in a research note on Tuesday, February 25th.

Douglas Dynamics Trading Down 1.7 %

Douglas Dynamics stock opened at $22.22 on Friday. The business’s 50-day simple moving average is $24.70 and its 200-day simple moving average is $25.06. Douglas Dynamics, Inc. has a 52 week low of $21.30 and a 52 week high of $30.98. The firm has a market capitalization of $513.12 million, a PE ratio of 9.66, a PEG ratio of 1.14 and a beta of 1.17. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14.

Douglas Dynamics Dividend Announcement

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