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

Charles Schwab Investment Management Inc. lowered its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 9.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 253,333 shares of the auto parts company's stock after selling 27,156 shares during the period. Charles Schwab Investment Management Inc. owned 1.10% of Douglas Dynamics worth $6,987,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of PLOW. Pacific Ridge Capital Partners LLC purchased a new position in shares of Douglas Dynamics in the 2nd quarter worth approximately $486,000. BluePath Capital Management LLC acquired a new stake in Douglas Dynamics in the third quarter valued at approximately $604,000. Versor Investments LP purchased a new position in Douglas Dynamics in the third quarter worth $535,000. Nisa Investment Advisors LLC increased its position in shares of Douglas Dynamics by 43,985.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,258 shares of the auto parts company's stock worth $217,000 after purchasing an additional 9,237 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Douglas Dynamics by 149.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company's stock valued at $9,750,000 after purchasing an additional 211,573 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PLOW shares. Robert W. Baird dropped their target price on Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 30th. StockNews.com lowered Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st.

Douglas Dynamics Stock Performance

Shares of NYSE:PLOW traded down $0.31 on Thursday, hitting $25.39. 114,369 shares of the company were exchanged, compared to its average volume of 211,497. 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's 50 day moving average price is $25.51 and its 200 day moving average price is $25.66. Douglas Dynamics, Inc. has a 1-year low of $21.31 and a 1-year high of $31.39. The firm has a market capitalization of $586.36 million, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.295 per share. The ex-dividend date is Monday, December 16th. This represents a $1.18 annualized dividend and a yield of 4.65%. Douglas Dynamics's payout ratio is presently 51.30%.

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.