Legal & General Group Plc Sells 995 Shares of Douglas Dynamics, Inc. (NYSE:PLOW)

Legal & General Group Plc trimmed its holdings in Douglas Dynamics, Inc. (NYSE:PLOW) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,504 shares of the auto parts company’s stock after selling 995 shares during the quarter. Legal & General Group Plc’s holdings in Douglas Dynamics were worth $674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of PLOW. Russell Investments Group Ltd. boosted its holdings in Douglas Dynamics by 25,080.6% in the 4th quarter. Russell Investments Group Ltd. now owns 94,931 shares of the auto parts company’s stock valued at $2,243,000 after purchasing an additional 94,554 shares during the period. Wells Fargo & Company MN grew its position in Douglas Dynamics by 27.1% during the fourth quarter. Wells Fargo & Company MN now owns 19,194 shares of the auto parts company’s stock worth $454,000 after buying an additional 4,097 shares in the last quarter. Integrated Quantitative Investments LLC bought a new position in Douglas Dynamics during the fourth quarter valued at about $278,000. Trexquant Investment LP raised its holdings in Douglas Dynamics by 75.2% in the 4th quarter. Trexquant Investment LP now owns 17,923 shares of the auto parts company’s stock valued at $424,000 after acquiring an additional 7,693 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Douglas Dynamics by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 521,052 shares of the auto parts company’s stock worth $12,316,000 after acquiring an additional 4,595 shares during the period. Institutional investors and hedge funds own 91.85% of the company’s stock.

Douglas Dynamics Stock Performance

Shares of NYSE:PLOW opened at $24.06 on Tuesday. 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 business’s fifty day moving average price is $24.19 and its two-hundred day moving average price is $24.76. Douglas Dynamics, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $30.98. The stock has a market capitalization of $555.74 million, a price-to-earnings ratio of 10.46, a price-to-earnings-growth ratio of 1.14 and a beta of 1.17.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th were given a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.18 dividend on an annualized basis and a yield of 4.90%. Douglas Dynamics’s dividend payout ratio (DPR) is presently 50.43%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PLOW shares. DA Davidson restated a “buy” rating and issued a $32.00 target price 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 Company 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.