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

Barclays PLC raised its position in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 132.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 54,116 shares of the auto parts company's stock after buying an additional 30,795 shares during the period. Barclays PLC owned 0.23% of Douglas Dynamics worth $1,494,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Dean Investment Associates LLC bought a new stake in shares of Douglas Dynamics during the 3rd quarter worth $2,676,000. XTX Topco Ltd purchased a new stake in Douglas Dynamics during the third quarter worth about $219,000. DF Dent & Co. Inc. raised its position in 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 worth $23,599,000 after acquiring an additional 178,018 shares during the period. Jane Street Group LLC boosted its stake in 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 during the last quarter. Finally, Needham Investment Management LLC bought a new position in shares of Douglas Dynamics during the 3rd quarter valued at approximately $414,000. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Trading Down 1.4 %

Shares of PLOW stock traded down $0.34 on Friday, hitting $23.32. 101,991 shares of the company's stock traded hands, compared to its average volume of 208,742. The stock has a market capitalization of $538.55 million, a price-to-earnings ratio of 10.14, a P/E/G ratio of 1.40 and a beta of 1.20. The company's fifty day simple moving average is $24.94 and its 200 day simple moving average is $25.60. Douglas Dynamics, Inc. has a one year low of $21.31 and a one year high of $30.98. 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Robert W. Baird reduced their target price on shares of Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating for the company in a research note on Wednesday, October 30th. StockNews.com lowered shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Thursday, October 31st.

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.