Franklin Resources Inc. Invests $3.52 Million in Douglas Dynamics, Inc. (NYSE:PLOW)

Franklin Resources Inc. bought a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 149,085 shares of the auto parts company's stock, valued at approximately $3,523,000. Franklin Resources Inc. owned about 0.65% of Douglas Dynamics at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its position in shares of Douglas Dynamics by 88.6% during the 3rd quarter. FMR LLC now owns 2,616 shares of the auto parts company's stock valued at $72,000 after acquiring an additional 1,229 shares during the last quarter. Jane Street Group LLC raised its position in shares of Douglas Dynamics by 109.6% during 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. XTX Topco Ltd purchased a new stake in shares of Douglas Dynamics during the third quarter valued at $219,000. Barclays PLC boosted its position in shares of Douglas Dynamics by 132.0% in the 3rd quarter. Barclays PLC now owns 54,116 shares of the auto parts company's stock valued at $1,494,000 after purchasing an additional 30,795 shares during the period. Finally, Geode Capital Management LLC increased its stake in Douglas Dynamics by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 516,457 shares of the auto parts company's stock worth $14,247,000 after purchasing an additional 6,657 shares in the last quarter. 91.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PLOW has been the subject of a number of analyst reports. DA Davidson reaffirmed a "buy" rating and set a $32.00 price objective on shares of Douglas Dynamics in a research note on Tuesday, February 25th. StockNews.com upgraded shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a research report on Wednesday, February 26th.

Douglas Dynamics Stock Up 1.2 %

NYSE:PLOW traded up $0.27 during trading hours on Thursday, hitting $23.82. 34,045 shares of the company's stock traded hands, compared to its average volume of 189,766. The stock's fifty day moving average price is $24.53 and its two-hundred day moving average price is $24.96. The firm has a market cap of $550.22 million, a P/E ratio of 10.33, a P/E/G ratio of 1.14 and a beta of 1.17. 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 twelve month low of $21.30 and a twelve month high of $30.98.

Douglas Dynamics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a $0.295 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.95%. Douglas Dynamics's dividend payout ratio is 50.43%.

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.