Monimus Capital Management LP Purchases New Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Monimus Capital Management LP acquired a new stake in Douglas Dynamics, Inc. (NYSE:PLOW) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 101,566 shares of the auto parts company’s stock, valued at approximately $2,400,000. Douglas Dynamics accounts for approximately 2.3% of Monimus Capital Management LP’s portfolio, making the stock its 17th biggest holding. Monimus Capital Management LP owned about 0.44% of Douglas Dynamics at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Pzena Investment Management LLC boosted its holdings in shares of Douglas Dynamics by 3.3% in the fourth quarter. Pzena Investment Management LLC now owns 1,679,041 shares of the auto parts company’s stock valued at $39,676,000 after acquiring an additional 54,221 shares during the period. AlphaQuest LLC boosted its holdings in shares of Douglas Dynamics by 361.9% in the fourth quarter. AlphaQuest LLC now owns 19,801 shares of the auto parts company’s stock valued at $468,000 after acquiring an additional 15,514 shares during the period. Inceptionr LLC boosted its holdings in shares of Douglas Dynamics by 47.7% in the fourth quarter. Inceptionr LLC now owns 13,504 shares of the auto parts company’s stock valued at $319,000 after acquiring an additional 4,360 shares during the period. First Business Financial Services Inc. acquired a new stake in shares of Douglas Dynamics in the fourth quarter valued at approximately $473,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of Douglas Dynamics by 290.6% in the fourth quarter. Victory Capital Management Inc. now owns 29,300 shares of the auto parts company’s stock valued at $692,000 after acquiring an additional 21,799 shares during the period. 91.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PLOW. DA Davidson reissued a “buy” rating and issued a $32.00 price objective 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 Price Performance

Douglas Dynamics stock 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 business has a 50 day simple moving average of $25.37 and a 200-day simple moving average of $25.72. The stock has a market capitalization of $563.84 million, a PE ratio of 10.62, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.83%. The ex-dividend date is Tuesday, March 18th. Douglas Dynamics’s payout ratio is 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.