Douglas Dynamics (NYSE:PLOW) Releases Earnings Results, Beats Expectations By $0.30 EPS

Key Points

• Douglas Dynamics reported earnings of $1.09 per share, exceeding analysts' expectations of $0.84 by $0.25.
• The company declared a quarterly dividend of $0.295 per share, translating to an annualized dividend of $1.18 and a yield of 4.2%.
• Institutional investors now hold 91.85% of Douglas Dynamics' stock, with significant increases in holdings from several investment firms in the first quarter.

Douglas Dynamics (NYSE:PLOW - Get Free Report) issued its quarterly earnings data on Monday. The auto parts company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.30, Briefing.com reports. The business had revenue of $194.33 million for the quarter, compared to analysts' expectations of $189.47 million. Douglas Dynamics had a net margin of 11.38% and a return on equity of 15.16%. The company's revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 earnings per share. Douglas Dynamics updated its FY 2025 guidance to 1.650-2.150 EPS.

Douglas Dynamics Stock Up 0.3%

Douglas Dynamics stock traded up $0.10 during mid-day trading on Friday, hitting $30.87. 35,007 shares of the company's stock were exchanged, compared to its average volume of 197,823. The stock has a market cap of $716.51 million, a P/E ratio of 11.05, a P/E/G ratio of 1.15 and a beta of 1.32. The stock has a 50 day moving average of $29.15 and a two-hundred day moving average of $26.57. Douglas Dynamics has a 1-year low of $21.30 and a 1-year high of $31.98. The company has a current ratio of 2.11, a quick ratio of 0.70 and a debt-to-equity ratio of 0.51.

Douglas Dynamics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 17th. Douglas Dynamics's dividend payout ratio (DPR) is presently 42.29%.

Insider Transactions at Douglas Dynamics

In other news, Director James L. Janik sold 15,650 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $29.01, for a total value of $454,006.50. Following the sale, the director directly owned 40,136 shares of the company's stock, valued at approximately $1,164,345.36. This trade represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in Douglas Dynamics by 28.3% during the first quarter. Royal Bank of Canada now owns 88,051 shares of the auto parts company's stock worth $2,045,000 after buying an additional 19,447 shares during the last quarter. AQR Capital Management LLC grew its stake in Douglas Dynamics by 10.2% in the first quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company's stock valued at $2,636,000 after acquiring an additional 10,535 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Douglas Dynamics by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company's stock worth $314,000 after acquiring an additional 546 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Douglas Dynamics by 11.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,513 shares of the auto parts company's stock valued at $1,777,000 after acquiring an additional 7,733 shares in the last quarter. Institutional investors own 91.85% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Wall Street Zen lowered shares of Douglas Dynamics from a "strong-buy" rating to a "buy" rating in a research report on Saturday, July 26th. DA Davidson boosted their target price on shares of Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd.

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.