Douglas Dynamics, Inc. (NYSE:PLOW) Position Reduced by Stifel Financial Corp

Stifel Financial Corp lowered its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 11.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 13,779 shares of the auto parts company’s stock after selling 1,723 shares during the quarter. Stifel Financial Corp’s holdings in Douglas Dynamics were worth $380,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of Douglas Dynamics by 88.6% in the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company’s stock valued at $72,000 after acquiring an additional 1,229 shares during the last quarter. CWM LLC boosted its holdings in Douglas Dynamics by 42.2% in the third quarter. CWM LLC now owns 4,050 shares of the auto parts company’s stock worth $112,000 after purchasing an additional 1,201 shares during the period. Quest Partners LLC bought a new position in Douglas Dynamics in the third quarter worth about $118,000. Point72 Asset Management L.P. grew its stake in Douglas Dynamics by 113.6% during the 2nd quarter. Point72 Asset Management L.P. now owns 6,836 shares of the auto parts company’s stock worth $160,000 after buying an additional 3,636 shares during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in Douglas Dynamics in the third quarter worth $207,000. Institutional investors own 91.85% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PLOW. 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 reduced their target price on shares of Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th.

Douglas Dynamics Stock Down 1.4 %

Shares of Douglas Dynamics stock opened at $23.32 on Friday. 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 1-year low of $21.31 and a 1-year high of $30.98. The business’s fifty day moving average price is $24.94 and its two-hundred day moving average price is $25.59. The company has a market capitalization of $538.55 million, a P/E ratio of 10.14, a PEG ratio of 1.40 and a beta of 1.20.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Monday, December 16th. Douglas Dynamics’s payout ratio is currently 51.30%.

Douglas Dynamics Company Profile

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.