Y Intercept Hong Kong Ltd Reduces Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Y Intercept Hong Kong Ltd lessened its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 23.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 25,452 shares of the auto parts company’s stock after selling 7,945 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Douglas Dynamics were worth $702,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PLOW. CWM LLC raised its stake in shares of Douglas Dynamics by 20,250.0% in the second quarter. CWM LLC now owns 2,849 shares of the auto parts company’s stock valued at $67,000 after acquiring an additional 2,835 shares during the period. SG Americas Securities LLC purchased a new stake in Douglas Dynamics in the 2nd quarter worth about $117,000. Blue Trust Inc. bought a new stake in Douglas Dynamics in the second quarter worth about $100,000. Nisa Investment Advisors LLC boosted its position in shares of Douglas Dynamics by 43,985.7% during the second quarter. Nisa Investment Advisors LLC now owns 9,258 shares of the auto parts company’s stock valued at $217,000 after buying an additional 9,237 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Douglas Dynamics by 3.5% during the second quarter. Bank of New York Mellon Corp now owns 262,424 shares of the auto parts company’s stock valued at $6,141,000 after buying an additional 8,952 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on PLOW shares. StockNews.com cut Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Robert W. Baird lowered 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 Performance

Shares of NYSE:PLOW opened at $25.50 on Friday. The firm’s 50 day simple moving average is $25.48 and its 200-day simple moving average is $25.66. 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 one year low of $21.31 and a one year high of $31.39. The firm has a market cap of $588.80 million, a PE ratio of 11.09, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.295 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.18 annualized dividend and a yield of 4.63%. Douglas Dynamics’s payout ratio is currently 51.30%.

Douglas Dynamics 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.