Douglas Dynamics, Inc. (NYSE:PLOW) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 19.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 296,867 shares of the auto parts company’s stock after buying an additional 48,936 shares during the period. Bank of New York Mellon Corp’s holdings in Douglas Dynamics were worth $7,015,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PLOW. FMR LLC lifted its holdings in shares of Douglas Dynamics by 88.6% in the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 1,229 shares during the last quarter. R Squared Ltd bought a new stake in shares of Douglas Dynamics in the 4th quarter worth approximately $49,000. Harbor Capital Advisors Inc. lifted its holdings in shares of Douglas Dynamics by 0.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 355,977 shares of the auto parts company’s stock worth $8,412,000 after purchasing an additional 2,445 shares during the last quarter. D.B. Root & Company LLC lifted its holdings in shares of Douglas Dynamics by 22.4% in the 4th quarter. D.B. Root & Company LLC now owns 17,292 shares of the auto parts company’s stock worth $409,000 after purchasing an additional 3,163 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in shares of Douglas Dynamics in the 3rd quarter worth approximately $118,000. Institutional investors own 91.85% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PLOW. DA Davidson reissued a “buy” rating and issued a $32.00 price target on shares of Douglas Dynamics in a report on Tuesday, February 25th. StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Wednesday, February 26th.

Douglas Dynamics Stock Up 1.2 %

PLOW opened at $24.42 on Friday. Douglas Dynamics, Inc. has a 12 month low of $21.31 and a 12 month high of $30.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The stock has a market cap of $563.84 million, a P/E ratio of 10.62, a P/E/G ratio of 1.14 and a beta of 1.17. The stock’s 50 day moving average price is $25.37 and its 200 day moving average price is $25.67.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 4.83%. The ex-dividend date is Tuesday, March 18th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 50.43%.

Douglas Dynamics 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.