Envestnet Asset Management Inc. Has $807,000 Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Envestnet Asset Management Inc. lessened its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 21.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 34,148 shares of the auto parts company’s stock after selling 9,391 shares during the period. Envestnet Asset Management Inc. owned about 0.15% of Douglas Dynamics worth $807,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new stake in shares of Douglas Dynamics in the 4th quarter worth approximately $49,000. US Bancorp DE raised its stake in shares of Douglas Dynamics by 15.6% in the fourth quarter. US Bancorp DE now owns 3,052 shares of the auto parts company’s stock valued at $72,000 after purchasing an additional 413 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Douglas Dynamics in the fourth quarter worth $111,000. Quantbot Technologies LP acquired a new stake in Douglas Dynamics during the fourth quarter worth $219,000. Finally, Intech Investment Management LLC bought a new stake in Douglas Dynamics in the 4th quarter valued at $255,000. 91.85% of the stock is owned by institutional investors and hedge funds.

Douglas Dynamics Stock Up 2.7 %

Shares of NYSE:PLOW opened at $24.54 on Friday. The company’s fifty day moving average is $24.04 and its 200-day moving average is $24.72. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. Douglas Dynamics, Inc. has a 52 week low of $21.30 and a 52 week high of $30.98. The company has a market capitalization of $566.82 million, a PE ratio of 10.67, 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 was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.295 per share. The ex-dividend date was Tuesday, March 18th. This represents a $1.18 annualized dividend and a yield of 4.81%. Douglas Dynamics’s dividend payout ratio is 50.43%.

Analyst Ratings Changes

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

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.