UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in Douglas Dynamics, Inc. (NYSE:PLOW)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 1.0% during the 3rd quarter, Holdings Channel reports. The firm owned 62,901 shares of the auto parts company’s stock after selling 641 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Douglas Dynamics were worth $1,735,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its position in shares of Douglas Dynamics by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,862 shares of the auto parts company’s stock valued at $207,000 after buying an additional 441 shares in the last quarter. CWM LLC raised its position in shares of Douglas Dynamics by 42.2% during the 3rd quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock valued at $112,000 after buying an additional 1,201 shares in the last quarter. FMR LLC raised 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 valued at $72,000 after buying an additional 1,229 shares in the last quarter. American Century Companies Inc. raised its position in shares of Douglas Dynamics by 10.0% during the 2nd quarter. American Century Companies Inc. now owns 25,621 shares of the auto parts company’s stock valued at $600,000 after buying an additional 2,329 shares in the last quarter. Finally, Rhumbline Advisers raised its position in shares of Douglas Dynamics by 9.2% during the 2nd quarter. Rhumbline Advisers now owns 33,938 shares of the auto parts company’s stock valued at $794,000 after buying an additional 2,870 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Price Performance

Shares of PLOW stock opened at $25.08 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The company has a market capitalization of $579.10 million, a P/E ratio of 10.90, a P/E/G ratio of 1.40 and a beta of 1.20. The company’s 50-day simple moving average is $25.45 and its two-hundred day simple moving average is $25.68. Douglas Dynamics, Inc. has a one year low of $21.31 and a one year high of $30.98.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid 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 4.70%. Douglas Dynamics’s dividend payout ratio is currently 51.30%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. StockNews.com downgraded shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Robert W. Baird cut their price target on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th.

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.