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

Barclays PLC raised its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 132.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,116 shares of the auto parts company’s stock after acquiring 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 filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Douglas Dynamics by 1.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,420,408 shares of the auto parts company’s stock worth $66,755,000 after acquiring an additional 36,797 shares in the last quarter. Pzena Investment Management LLC increased its position in shares of Douglas Dynamics by 15.9% during the 3rd quarter. Pzena Investment Management LLC now owns 1,624,820 shares of the auto parts company’s stock valued at $44,813,000 after purchasing an additional 222,945 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Douglas Dynamics by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company’s stock valued at $20,590,000 after purchasing an additional 14,835 shares during the last quarter. DF Dent & Co. Inc. increased its position in shares of 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 purchasing an additional 178,018 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Douglas Dynamics by 1.3% during 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 purchasing an additional 6,657 shares during the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PLOW shares. Robert W. Baird cut their target price on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. StockNews.com raised Douglas Dynamics from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th.

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock opened at $23.38 on Monday. The stock’s fifty day moving average is $24.75 and its two-hundred day moving average is $25.66. The company has a market capitalization of $539.94 million, a PE ratio of 10.17, a price-to-earnings-growth ratio of 1.40 and a beta of 1.21. 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 52 week low of $21.31 and a 52 week high of $30.98.

Douglas Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 5.05%. The ex-dividend date was Monday, December 16th. Douglas Dynamics’s dividend payout ratio (DPR) is presently 51.30%.

Douglas Dynamics Company 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.