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

Allspring Global Investments Holdings LLC grew its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 0.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,451,938 shares of the auto parts company's stock after purchasing an additional 11,297 shares during the period. Allspring Global Investments Holdings LLC owned approximately 10.62% of Douglas Dynamics worth $57,032,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in shares of Douglas Dynamics by 290.6% in the fourth quarter. Victory Capital Management Inc. now owns 29,300 shares of the auto parts company's stock worth $692,000 after purchasing an additional 21,799 shares during the period. Millennium Management LLC boosted its position in shares of Douglas Dynamics by 27.3% during the 4th quarter. Millennium Management LLC now owns 43,823 shares of the auto parts company's stock valued at $1,036,000 after acquiring an additional 9,411 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of Douglas Dynamics by 80.6% during the 4th quarter. Nuveen Asset Management LLC now owns 138,392 shares of the auto parts company's stock valued at $3,270,000 after acquiring an additional 61,759 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Douglas Dynamics by 3,811.8% during the 1st quarter. GAMMA Investing LLC now owns 13,613 shares of the auto parts company's stock valued at $316,000 after acquiring an additional 13,265 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Douglas Dynamics by 19.7% during the 4th quarter. Bank of New York Mellon Corp now owns 296,867 shares of the auto parts company's stock valued at $7,015,000 after acquiring an additional 48,936 shares during the last quarter. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Performance

Shares of PLOW opened at $29.00 on Monday. The company has a market cap of $673.14 million, a PE ratio of 10.66, a price-to-earnings-growth ratio of 1.09 and a beta of 1.29. The company has a current ratio of 2.37, a quick ratio of 0.70 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $27.20 and a 200-day moving average price of $25.47. Douglas Dynamics, Inc. has a 12-month low of $21.30 and a 12-month high of $30.98.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its earnings results on Monday, May 5th. The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.25. Douglas Dynamics had a net margin of 11.00% and a return on equity of 15.17%. The company had revenue of $115.07 million during the quarter, compared to analyst estimates of $107.80 million. During the same period in the previous year, the business earned ($0.29) earnings per share. The firm's quarterly revenue was up 20.3% compared to the same quarter last year. As a group, equities analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 17th will be given a $0.295 dividend. The ex-dividend date is Tuesday, June 17th. This represents a $1.18 annualized dividend and a yield of 4.07%. Douglas Dynamics's dividend payout ratio (DPR) is presently 43.38%.

Insider Buying and Selling

In related news, Director James L. Janik sold 15,650 shares of the company's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $29.01, for a total value of $454,006.50. Following the completion of the transaction, the director now directly owns 40,136 shares in the company, valued at approximately $1,164,345.36. The trade was a 28.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.04% of the stock is owned by company insiders.

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.

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