JPMorgan Chase & Co. Reduces Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

JPMorgan Chase & Co. trimmed its holdings in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 64.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 388,987 shares of the auto parts company's stock after selling 693,448 shares during the period. JPMorgan Chase & Co. owned approximately 1.68% of Douglas Dynamics worth $9,192,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PLOW. Allspring Global Investments Holdings LLC boosted its position in shares of Douglas Dynamics by 0.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company's stock worth $57,819,000 after purchasing an additional 20,233 shares during the period. Pzena Investment Management LLC grew its stake in shares of Douglas Dynamics by 3.3% in the fourth quarter. Pzena Investment Management LLC now owns 1,679,041 shares of the auto parts company's stock valued at $39,676,000 after buying an additional 54,221 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Douglas Dynamics by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 516,457 shares of the auto parts company's stock valued at $14,247,000 after buying an additional 6,657 shares during the period. Harbor Capital Advisors Inc. lifted its stake in Douglas Dynamics by 0.7% during the 4th quarter. Harbor Capital Advisors Inc. now owns 355,977 shares of the auto parts company's stock worth $8,412,000 after acquiring an additional 2,445 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Douglas Dynamics by 19.7% during the 4th quarter. Bank of New York Mellon Corp now owns 296,867 shares of the auto parts company's stock valued at $7,015,000 after acquiring an additional 48,936 shares during the period. Institutional investors and hedge funds own 91.85% of the company's stock.

Douglas Dynamics Stock Up 0.5 %

PLOW traded up $0.12 on Friday, hitting $23.67. 292,723 shares of the company were exchanged, compared to its average volume of 189,258. The firm has a 50-day moving average price of $24.44 and a two-hundred day moving average price of $24.87. The company has a current ratio of 2.14, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $30.98. The company has a market cap of $546.68 million, a price-to-earnings ratio of 10.29, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors 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 dividend on an annualized basis and a dividend yield of 4.99%. Douglas Dynamics's payout ratio is 50.43%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLOW. DA Davidson reiterated a "buy" rating and set a $32.00 price target on shares of Douglas Dynamics in a research note on Tuesday, February 25th. StockNews.com raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th.

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.