Barclays PLC Has $1.47 Million Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Barclays PLC boosted its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,227 shares of the auto parts company’s stock after purchasing an additional 8,111 shares during the quarter. Barclays PLC owned about 0.27% of Douglas Dynamics worth $1,470,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings in Douglas Dynamics by 0.8% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company’s stock valued at $57,819,000 after acquiring an additional 20,233 shares during the period. Pzena Investment Management LLC lifted its holdings in Douglas Dynamics by 3.3% during the 4th quarter. Pzena Investment Management LLC now owns 1,679,041 shares of the auto parts company’s stock worth $39,676,000 after purchasing an additional 54,221 shares during the last quarter. Geode Capital Management LLC boosted its stake in Douglas Dynamics by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 521,052 shares of the auto parts company’s stock valued at $12,316,000 after purchasing an additional 4,595 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Douglas Dynamics by 0.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 355,977 shares of the auto parts company’s stock valued at $8,412,000 after buying an additional 2,445 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Douglas Dynamics by 19.7% during the fourth quarter. Bank of New York Mellon Corp now owns 296,867 shares of the auto parts company’s stock worth $7,015,000 after buying an additional 48,936 shares in the last quarter. 91.85% of the stock is owned by institutional investors.

Douglas Dynamics Price Performance

PLOW stock opened at $24.54 on Friday. The company’s 50-day moving average price is $24.04 and its two-hundred day moving average price is $24.70. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $30.98. The company has a quick ratio of 1.13, a current ratio of 2.14 and a debt-to-equity ratio of 0.56. The firm has a market cap of $566.82 million, a P/E ratio of 10.67, a P/E/G ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 4.81%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics’s payout ratio is presently 50.43%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PLOW. StockNews.com upgraded shares of Douglas Dynamics from a “hold” rating to a “buy” rating in a research note on Wednesday, February 26th. DA Davidson reissued a “buy” rating and set a $32.00 price target on shares of Douglas Dynamics in a research report on Tuesday, February 25th.

About Douglas Dynamics

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.