Barclays PLC Acquires 30,795 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Barclays PLC increased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW) by 132.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,116 shares of the auto parts company’s stock after buying 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 quarter.

Several other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC raised its holdings in shares of Douglas Dynamics by 1.3% in the third quarter. Geode Capital Management LLC now owns 516,457 shares of the auto parts company’s stock valued at $14,247,000 after acquiring an additional 6,657 shares in the last quarter. Dean Investment Associates LLC bought a new stake in shares of Douglas Dynamics in the third quarter valued at about $2,676,000. XTX Topco Ltd bought a new stake in shares of Douglas Dynamics in the third quarter valued at about $219,000. DF Dent & Co. Inc. raised its holdings in shares of Douglas Dynamics by 26.3% in the third quarter. DF Dent & Co. Inc. now owns 855,642 shares of the auto parts company’s stock valued at $23,599,000 after acquiring an additional 178,018 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of Douglas Dynamics by 109.6% in 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 acquiring an additional 34,873 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.

Douglas Dynamics Price Performance

PLOW opened at $23.38 on Monday. The business’s 50-day moving average is $24.75 and its two-hundred day moving average is $25.66. Douglas Dynamics, Inc. has a 1 year low of $21.31 and a 1 year high of $30.98. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13. The firm 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.

Douglas Dynamics Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com upgraded Douglas Dynamics from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Robert W. Baird decreased their price objective on Douglas Dynamics from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th.

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.