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

EntryPoint Capital LLC purchased a new position in Douglas Dynamics, Inc. (NYSE:PLOW) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 12,281 shares of the auto parts company’s stock, valued at approximately $290,000.

A number of other hedge funds have also recently made changes to their positions in PLOW. R Squared Ltd purchased a new position in Douglas Dynamics in the fourth quarter valued at about $49,000. FMR LLC boosted 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 valued at $72,000 after buying an additional 1,229 shares in the last quarter. US Bancorp DE grew its position in shares of Douglas Dynamics by 15.6% in the 4th quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock worth $72,000 after buying an additional 413 shares during the last quarter. Quest Partners LLC bought a new position in shares of Douglas Dynamics during the 3rd quarter worth approximately $118,000. Finally, KLP Kapitalforvaltning AS purchased a new stake in Douglas Dynamics during the fourth quarter valued at approximately $111,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLOW has been the topic of several analyst reports. DA Davidson reaffirmed 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 note on Wednesday, February 26th.

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock opened at $23.92 on Friday. The company has a 50 day moving average price of $25.40 and a 200 day moving average price of $25.47. The firm has a market capitalization of $552.43 million, a P/E ratio of 10.40, a PEG ratio of 1.14 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a 52 week low of $21.31 and a 52 week high of $30.98.

Douglas Dynamics Dividend Announcement

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