Allspring Global Investments Holdings LLC Boosts Stock Position in Douglas Dynamics, Inc. (NYSE:PLOW)

Allspring Global Investments Holdings LLC increased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,420,408 shares of the auto parts company's stock after purchasing an additional 36,797 shares during the period. Allspring Global Investments Holdings LLC owned 10.48% of Douglas Dynamics worth $66,755,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of Douglas Dynamics by 260.6% during the 1st quarter. BNP Paribas Financial Markets now owns 90,001 shares of the auto parts company's stock worth $2,171,000 after purchasing an additional 65,042 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Douglas Dynamics by 206.6% in the 1st quarter. GSA Capital Partners LLP now owns 53,624 shares of the auto parts company's stock valued at $1,293,000 after buying an additional 36,134 shares during the period. Pacific Ridge Capital Partners LLC acquired a new position in Douglas Dynamics in the second quarter valued at approximately $486,000. Olstein Capital Management L.P. bought a new position in Douglas Dynamics during the first quarter worth about $1,061,000. Finally, ProShare Advisors LLC increased its stake in Douglas Dynamics by 12.8% during the 1st quarter. ProShare Advisors LLC now owns 305,716 shares of the auto parts company's stock worth $7,374,000 after purchasing an additional 34,724 shares in the last quarter. 91.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Thursday, August 8th.

Douglas Dynamics Stock Performance

Shares of PLOW stock traded down $0.31 on Tuesday, hitting $25.97. 127,905 shares of the stock were exchanged, compared to its average volume of 218,155. The firm has a market capitalization of $599.65 million, a PE ratio of 22.01, a P/E/G ratio of 1.29 and a beta of 1.18. The company has a current ratio of 2.03, a quick ratio of 1.04 and a debt-to-equity ratio of 0.73. The firm's 50 day moving average is $27.33 and its two-hundred day moving average is $25.27. Douglas Dynamics, Inc. has a one year low of $21.31 and a one year high of $31.39.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The auto parts company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.48. Douglas Dynamics had a net margin of 5.03% and a return on equity of 13.38%. The business had revenue of $199.90 million during the quarter, compared to analysts' expectations of $181.30 million. During the same quarter in the previous year, the company earned $1.00 EPS. Sell-side analysts expect that Douglas Dynamics, Inc. will post 1.5 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date was Monday, September 16th. Douglas Dynamics's payout ratio is currently 100.00%.

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.