EntryPoint Capital LLC Acquires Shares of 12,281 Douglas Dynamics, Inc. (NYSE:PLOW)

EntryPoint Capital LLC acquired a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 12,281 shares of the auto parts company’s stock, valued at approximately $290,000. EntryPoint Capital LLC owned about 0.05% of Douglas Dynamics at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new position in Douglas Dynamics during the 4th quarter valued at approximately $49,000. FMR LLC boosted its position in shares of Douglas Dynamics by 88.6% during the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock valued at $72,000 after acquiring an additional 1,229 shares during the last quarter. US Bancorp DE grew its holdings in shares of Douglas Dynamics by 15.6% in the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock valued at $72,000 after purchasing an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in Douglas Dynamics in the fourth quarter worth $111,000. Finally, Quest Partners LLC purchased a new stake in Douglas Dynamics during the third quarter valued at $118,000. Hedge funds and other 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 research reports. StockNews.com raised shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. DA Davidson reiterated a “buy” rating and issued a $32.00 price target on shares of Douglas Dynamics in a research report on Tuesday, February 25th.

Douglas Dynamics Trading Up 0.8 %

Shares of NYSE PLOW opened at $23.92 on Friday. The business’s 50 day moving average price is $25.40 and its 200-day moving average price is $25.47. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $30.98. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. The company has a market cap of $552.43 million, a price-to-earnings ratio of 10.40, a PEG ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th will be issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date of this dividend is Tuesday, March 18th. Douglas Dynamics’s payout ratio 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.