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

Charles Schwab Investment Management Inc. lessened its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 9.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 253,333 shares of the auto parts company’s stock after selling 27,156 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Douglas Dynamics were worth $6,987,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PLOW. Price T Rowe Associates Inc. MD boosted its position in Douglas Dynamics by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 24,302 shares of the auto parts company’s stock worth $587,000 after acquiring an additional 939 shares during the last quarter. CWM LLC grew its holdings in Douglas Dynamics by 20,250.0% in the second quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock valued at $67,000 after purchasing an additional 2,835 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Douglas Dynamics during the 2nd quarter valued at $117,000. Blue Trust Inc. purchased a new stake in Douglas Dynamics during the second quarter valued at about $100,000. Finally, Nisa Investment Advisors LLC increased its stake in 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 acquiring an additional 9,237 shares during the last quarter. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Douglas Dynamics Price Performance

Shares of NYSE:PLOW opened at $25.70 on Thursday. 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 capitalization of $593.52 million, a PE ratio of 11.17, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The stock has a fifty day moving average of $25.54 and a 200-day moving average of $25.66. Douglas Dynamics, Inc. has a one year low of $21.31 and a one year high of $31.39.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.295 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.18 dividend on an annualized basis and a yield of 4.59%. Douglas Dynamics’s dividend payout ratio is currently 51.30%.

Analysts Set New Price Targets

A number of research analysts have recently commented on PLOW shares. StockNews.com cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. 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 report on Wednesday, October 30th.

Douglas Dynamics Company 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.