Alliancebernstein L.P. Reduces Stock Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Alliancebernstein L.P. trimmed its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 16.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,360 shares of the auto parts company’s stock after selling 3,380 shares during the period. Alliancebernstein L.P. owned approximately 0.08% of Douglas Dynamics worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its position in shares of Douglas Dynamics by 0.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company’s stock valued at $57,819,000 after buying an additional 20,233 shares during the period. Pzena Investment Management LLC lifted its stake in Douglas Dynamics by 3.3% in the 4th quarter. Pzena Investment Management LLC now owns 1,679,041 shares of the auto parts company’s stock worth $39,676,000 after purchasing an additional 54,221 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Douglas Dynamics by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 516,457 shares of the auto parts company’s stock valued at $14,247,000 after purchasing an additional 6,657 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of 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 valued at $8,412,000 after purchasing an additional 2,445 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Douglas Dynamics by 19.7% in the fourth quarter. Bank of New York Mellon Corp now owns 296,867 shares of the auto parts company’s stock worth $7,015,000 after purchasing an additional 48,936 shares during the period. Institutional investors own 91.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. DA Davidson reiterated a “buy” rating and set a $32.00 target price on shares of Douglas Dynamics in a research report on Tuesday, February 25th.

Douglas Dynamics Stock Up 0.5 %

Shares of NYSE PLOW opened at $23.67 on Monday. The stock has a market capitalization of $546.68 million, a P/E ratio of 10.29, a PEG ratio of 1.14 and a beta of 1.17. 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 one year low of $21.30 and a one year high of $30.98. The firm’s 50 day simple moving average is $24.44 and its two-hundred day simple moving average is $24.87.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were given a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.18 annualized dividend and a yield of 4.99%. Douglas Dynamics’s payout ratio is currently 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.