Charles Schwab Investment Management Inc. Acquires 15,057 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOWFree Report) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,022 shares of the auto parts company’s stock after acquiring an additional 15,057 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.26% of Douglas Dynamics worth $8,578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Anchor Capital Advisors LLC lifted its holdings in shares of Douglas Dynamics by 71.5% during the fourth quarter. Anchor Capital Advisors LLC now owns 57,451 shares of the auto parts company’s stock worth $1,705,000 after purchasing an additional 23,960 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Douglas Dynamics by 19.3% in the fourth quarter. Russell Investments Group Ltd. now owns 95,662 shares of the auto parts company’s stock valued at $2,839,000 after buying an additional 15,505 shares during the period. Simplex Trading LLC bought a new position in shares of Douglas Dynamics during the fourth quarter worth about $57,000. State of New Jersey Common Pension Fund D lifted its stake in shares of Douglas Dynamics by 15.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 92,789 shares of the auto parts company’s stock worth $2,754,000 after acquiring an additional 12,224 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Douglas Dynamics by 11.7% in the fourth quarter. New York State Common Retirement Fund now owns 9,265 shares of the auto parts company’s stock valued at $275,000 after acquiring an additional 971 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PLOW. DA Davidson restated a “buy” rating and issued a $31.00 price target on shares of Douglas Dynamics in a research report on Tuesday, April 30th. Robert W. Baird reaffirmed a “neutral” rating and set a $25.00 price target (down previously from $36.00) on shares of Douglas Dynamics in a research report on Monday, April 8th.

Read Our Latest Analysis on PLOW

Douglas Dynamics Stock Performance

Shares of PLOW stock opened at $24.86 on Friday. The firm has a 50 day moving average of $23.78 and a 200-day moving average of $25.67. The company has a market cap of $574.02 million, a price-to-earnings ratio of 21.25, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. The company has a quick ratio of 0.60, a current ratio of 2.06 and a debt-to-equity ratio of 0.82. Douglas Dynamics, Inc. has a 52 week low of $21.35 and a 52 week high of $35.39.

Douglas Dynamics (NYSE:PLOWGet Free Report) last posted its quarterly earnings results on Monday, April 29th. The auto parts company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05). Douglas Dynamics had a return on equity of 12.95% and a net margin of 4.90%. The company had revenue of $95.66 million during the quarter, compared to analyst estimates of $93.50 million. On average, equities analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Douglas Dynamics (NYSE:PLOW)

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