John G Ullman & Associates Inc. Decreases Holdings in Douglas Dynamics Inc (PLOW)

John G Ullman & Associates Inc. lowered its position in shares of Douglas Dynamics Inc (NYSE:PLOW) by 19.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,900 shares of the auto parts company’s stock after selling 1,400 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Douglas Dynamics were worth $223,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Zions Bancorporation acquired a new position in Douglas Dynamics in the 3rd quarter worth about $100,000. Principal Financial Group Inc. acquired a new position in Douglas Dynamics in the 3rd quarter worth about $233,000. Sapphire Star Partners LP acquired a new position in Douglas Dynamics in the 3rd quarter worth about $242,000. Comerica Bank acquired a new position in Douglas Dynamics in the 3rd quarter worth about $263,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Douglas Dynamics in the 3rd quarter worth about $267,000. 90.73% of the stock is owned by institutional investors.

Shares of Douglas Dynamics Inc (NYSE PLOW) opened at $38.00 on Friday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.97 and a quick ratio of 1.76. The stock has a market capitalization of $848.29, a P/E ratio of 28.36, a PEG ratio of 1.46 and a beta of 1.27. Douglas Dynamics Inc has a 52-week low of $28.55 and a 52-week high of $43.00.

In related news, VP Robert L. Mccormick sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $40.08, for a total value of $601,200.00. Following the transaction, the vice president now directly owns 116,263 shares in the company, valued at $4,659,821.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James L. Janik sold 21,080 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $37.27, for a total value of $785,651.60. Following the completion of the transaction, the chief executive officer now owns 297,790 shares in the company, valued at $11,098,633.30. The disclosure for this sale can be found here. Insiders sold 76,673 shares of company stock valued at $2,910,522 over the last 90 days. Company insiders own 3.20% of the company’s stock.

PLOW has been the subject of several research reports. BidaskClub upgraded Douglas Dynamics from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 27th. ValuEngine lowered Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Zacks Investment Research lowered Douglas Dynamics from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.00.

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Douglas Dynamics Company Profile

Douglas Dynamics, Inc is a manufacturer and up-fitter of commercial vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD, FISHER, HENDERSON, SNOWEX and WESTERN brands, turf care equipment under the TURFEX brand and industrial maintenance equipment under the SWEEPEX brand.

Institutional Ownership by Quarter for Douglas Dynamics (NYSE:PLOW)

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