Charles Schwab Investment Management Inc. Has $5.25 Million Stock Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Charles Schwab Investment Management Inc. cut its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 222,213 shares of the auto parts company’s stock after selling 31,120 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.96% of Douglas Dynamics worth $5,251,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PLOW. R Squared Ltd acquired a new stake in Douglas Dynamics during the fourth quarter valued at approximately $49,000. FMR LLC lifted its position in shares of Douglas Dynamics by 88.6% during the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock worth $72,000 after buying an additional 1,229 shares during the period. US Bancorp DE boosted its stake in Douglas Dynamics by 15.6% in the 4th 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 in the last quarter. Quest Partners LLC bought a new stake in Douglas Dynamics in the third quarter valued at $118,000. Finally, Victory Capital Management Inc. acquired a new position in Douglas Dynamics during the third quarter worth $207,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. DA Davidson restated a “buy” rating and issued a $32.00 price target on shares of Douglas Dynamics in a research report on Tuesday, February 25th.

Douglas Dynamics Trading Down 1.3 %

PLOW stock opened at $23.92 on Wednesday. The business has a fifty day moving average price of $25.42 and a 200 day moving average price of $25.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $30.98. The stock has a market capitalization of $552.41 million, a price-to-earnings ratio of 10.40, a P/E/G ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 4.93%. The ex-dividend date of this dividend is Tuesday, March 18th. Douglas Dynamics’s dividend payout ratio is 50.43%.

About Douglas Dynamics

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.