Douglas Dynamics, Inc. (NYSE:PLOW) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 222,213 shares of the auto parts company's stock after selling 31,120 shares during the period. Charles Schwab Investment Management Inc. owned 0.96% of Douglas Dynamics worth $5,251,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. US Bancorp DE lifted its stake in 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 buying an additional 413 shares during the last quarter. FMR LLC increased 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 acquiring an additional 1,229 shares during the period. R Squared Ltd purchased a new stake in Douglas Dynamics in the 4th quarter valued at $49,000. Harbor Capital Advisors Inc. grew its position in Douglas Dynamics by 0.7% during 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. Finally, Versor Investments LP increased its stake in Douglas Dynamics by 15.5% in the fourth quarter. Versor Investments LP now owns 22,400 shares of the auto parts company's stock valued at $529,000 after purchasing an additional 3,000 shares during the period. 91.85% of the stock is owned by hedge funds and other institutional investors.

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Douglas Dynamics Stock Performance

Shares of NYSE:PLOW traded down $0.67 during midday trading on Friday, hitting $23.22. The stock had a trading volume of 126,695 shares, compared to its average volume of 190,532. Douglas Dynamics, Inc. has a 1 year low of $21.31 and a 1 year high of $30.98. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock has a 50 day moving average price of $25.37 and a two-hundred day moving average price of $25.44. The company has a market capitalization of $536.34 million, a PE ratio of 10.10, a P/E/G ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be paid 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 5.08%. Douglas Dynamics's dividend payout ratio (DPR) is presently 50.43%.

Wall Street Analysts Forecast Growth

PLOW has been the topic of a number of research reports. DA Davidson reissued a "buy" rating and set 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 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.