Allspring Global Investments Holdings LLC Buys 20,233 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Allspring Global Investments Holdings LLC boosted its holdings in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,440,641 shares of the auto parts company's stock after purchasing an additional 20,233 shares during the quarter. Allspring Global Investments Holdings LLC owned about 10.57% of Douglas Dynamics worth $57,819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. R Squared Ltd bought a new stake in shares of Douglas Dynamics in the 4th quarter worth approximately $49,000. FMR LLC boosted its holdings in Douglas Dynamics by 88.6% in the third quarter. FMR LLC now owns 2,616 shares of the auto parts company's stock worth $72,000 after acquiring an additional 1,229 shares in the last quarter. CWM LLC grew its stake in shares of Douglas Dynamics by 42.2% in the third quarter. CWM LLC now owns 4,050 shares of the auto parts company's stock worth $112,000 after acquiring an additional 1,201 shares during the last quarter. Quest Partners LLC bought a new position in shares of Douglas Dynamics during the third quarter valued at $118,000. Finally, Victory Capital Management Inc. bought a new position in shares of Douglas Dynamics during the third quarter valued at $207,000. Institutional investors own 91.85% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. StockNews.com downgraded shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Thursday, January 23rd. Robert W. Baird cut their price target on shares of Douglas Dynamics from $30.00 to $26.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th.

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock traded down $0.05 during trading on Monday, hitting $25.72. 65,421 shares of the company's stock traded hands, compared to its average volume of 148,248. Douglas Dynamics, Inc. has a 1 year low of $21.31 and a 1 year high of $30.98. The business has a 50-day simple moving average of $24.78 and a 200-day simple moving average of $25.88. The stock has a market capitalization of $593.87 million, a P/E ratio of 11.18, a PEG ratio of 1.11 and a beta of 1.21. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.14 and a quick ratio of 1.13.

Douglas Dynamics Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.18 annualized dividend and a dividend yield of 4.59%. Douglas Dynamics's payout ratio is 51.30%.

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.