Barclays PLC Boosts Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Barclays PLC grew its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 132.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,116 shares of the auto parts company’s stock after purchasing an additional 30,795 shares during the period. Barclays PLC owned approximately 0.23% of Douglas Dynamics worth $1,494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of PLOW. Dean Investment Associates LLC bought a new position in shares of Douglas Dynamics during the third quarter valued at approximately $2,676,000. XTX Topco Ltd purchased a new stake in shares of Douglas Dynamics in the 3rd quarter worth approximately $219,000. DF Dent & Co. Inc. increased its position in Douglas Dynamics by 26.3% during the 3rd quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company’s stock valued at $23,599,000 after buying an additional 178,018 shares in the last quarter. Jane Street Group LLC raised its stake in Douglas Dynamics by 109.6% during the third quarter. Jane Street Group LLC now owns 66,695 shares of the auto parts company’s stock valued at $1,839,000 after buying an additional 34,873 shares during the last quarter. Finally, Needham Investment Management LLC purchased a new stake in shares of Douglas Dynamics in the third quarter worth $414,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Analysts Set New Price Targets

PLOW has been the subject of a number of recent analyst reports. StockNews.com lowered shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Robert W. Baird decreased their price target on 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 quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. Douglas Dynamics, Inc. has a twelve month low of $21.31 and a twelve month high of $30.98. The company has a market cap of $538.55 million, a price-to-earnings ratio of 10.14, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The company’s 50 day moving average is $24.94 and its 200 day moving average is $25.59.

Douglas Dynamics Announces Dividend

The company 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 dividend 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 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.