Sei Investments Co. Decreases Stock Holdings in Douglas Dynamics, Inc. (NYSE:PLOW)

Sei Investments Co. trimmed its position in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 19.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,298 shares of the auto parts company's stock after selling 16,989 shares during the quarter. Sei Investments Co. owned about 0.30% of Douglas Dynamics worth $1,614,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position 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 worth $1,839,000 after purchasing an additional 34,873 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Douglas Dynamics by 290.6% during the 4th quarter. Victory Capital Management Inc. now owns 29,300 shares of the auto parts company's stock valued at $692,000 after buying an additional 21,799 shares in the last quarter. Barclays PLC boosted its holdings in Douglas Dynamics by 132.0% in the 3rd quarter. Barclays PLC now owns 54,116 shares of the auto parts company's stock worth $1,494,000 after buying an additional 30,795 shares during the period. Bank of New York Mellon Corp increased its stake in Douglas Dynamics by 19.7% in the 4th quarter. Bank of New York Mellon Corp now owns 296,867 shares of the auto parts company's stock worth $7,015,000 after buying an additional 48,936 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Douglas Dynamics by 0.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 2,440,641 shares of the auto parts company's stock valued at $57,819,000 after acquiring an additional 20,233 shares during the period. Institutional investors own 91.85% of the company's stock.

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Douglas Dynamics Price Performance

Shares of PLOW traded up $0.27 during midday trading on Friday, hitting $22.46. 225,660 shares of the company traded hands, compared to its average volume of 189,239. The stock has a market cap of $518.87 million, a price-to-earnings ratio of 9.77, a PEG ratio of 1.14 and a beta of 1.17. The firm has a 50 day moving average of $24.65 and a 200-day moving average of $25.03. 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 52 week low of $21.30 and a 52 week high of $30.98.

Douglas Dynamics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 5.25%. The ex-dividend date was Tuesday, March 18th. Douglas Dynamics's dividend payout ratio is presently 50.43%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on PLOW shares. DA Davidson reaffirmed a "buy" rating and issued a $32.00 price objective on shares of Douglas Dynamics in a research note on Tuesday, February 25th. StockNews.com raised shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th.

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.