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

Barclays PLC lifted its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 132.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,116 shares of the auto parts company’s stock after acquiring an additional 30,795 shares during the period. Barclays PLC’s holdings in Douglas Dynamics were worth $1,494,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PLOW. Allspring Global Investments Holdings LLC boosted its stake in Douglas Dynamics by 1.5% in 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 purchasing an additional 36,797 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Douglas Dynamics by 15.9% in the third quarter. Pzena Investment Management LLC now owns 1,624,820 shares of the auto parts company’s stock worth $44,813,000 after buying an additional 222,945 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Douglas Dynamics by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 879,948 shares of the auto parts company’s stock worth $20,590,000 after buying an additional 14,835 shares in the last quarter. DF Dent & Co. Inc. boosted its position in shares of Douglas Dynamics by 26.3% during the third quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company’s stock worth $23,599,000 after acquiring an additional 178,018 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in Douglas Dynamics by 149.0% during the third quarter. Harbor Capital Advisors Inc. now owns 353,532 shares of the auto parts company’s stock valued at $9,750,000 after acquiring an additional 211,573 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Trading Down 1.4 %

Shares of PLOW opened at $23.32 on Friday. The stock has a market capitalization of $538.55 million, a PE ratio of 10.14, a P/E/G ratio of 1.40 and a beta of 1.20. The company’s fifty day moving average is $24.94 and its 200 day moving average is $25.59. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. Douglas Dynamics, Inc. has a fifty-two week low of $21.31 and a fifty-two week high of $30.98.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a $0.295 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 5.06%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 51.30%.

Analysts Set New Price Targets

Several brokerages have commented on PLOW. StockNews.com cut shares of Douglas Dynamics from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Robert W. Baird decreased 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.

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.