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

Alliancebernstein L.P. lessened its stake in Douglas Dynamics, Inc. (NYSE:PLOW) by 16.3% in the fourth quarter, HoldingsChannel reports. The firm owned 17,360 shares of the auto parts company’s stock after selling 3,380 shares during the period. Alliancebernstein L.P.’s holdings in Douglas Dynamics were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

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

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock opened at $23.67 on Monday. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average price is $24.44 and its 200-day moving average price is $24.87. The firm has a market cap of $546.68 million, a P/E ratio of 10.29, a P/E/G ratio of 1.14 and a beta of 1.17. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $30.98.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were paid 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 dividend payout ratio (DPR) is presently 50.43%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PLOW shares. StockNews.com raised 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 price objective on shares of Douglas Dynamics in a research report on Tuesday, February 25th.

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.