Douglas Dynamics (NYSE:PLOW) Issues 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) posted its earnings results 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 11.00% and a return on equity of 15.17%. The firm's revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share. Douglas Dynamics updated its FY 2025 guidance to 1.650-2.150 EPS.

Douglas Dynamics Trading Up 1.2%

Shares of NYSE PLOW opened at $28.25 on Tuesday. Douglas Dynamics has a fifty-two week low of $21.30 and a fifty-two week high of $31.98. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.37 and a quick ratio of 0.70. The firm has a market capitalization of $655.68 million, a P/E ratio of 10.39, a P/E/G ratio of 1.05 and a beta of 1.32. The company's 50 day simple moving average is $29.01 and its 200 day simple moving average is $26.49.

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 issued a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, June 17th. Douglas Dynamics's dividend payout ratio is currently 43.38%.

Analyst Ratings Changes

PLOW has been the topic of a number of recent analyst reports. 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 price target on shares of Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd.

Insider Buying and Selling

In other Douglas Dynamics news, Director James L. Janik sold 15,650 shares of the company's stock in a transaction that occurred 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 sale, the director owned 40,136 shares of the company's stock, valued at approximately $1,164,345.36. This represents a 28.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.04% of the company's stock.

Institutional Investors Weigh In On Douglas Dynamics

Several large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 purchasing an additional 546 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of 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 during the period. AQR Capital Management LLC grew its position in shares of Douglas Dynamics by 10.2% in the 1st 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. Finally, Royal Bank of Canada grew its position in shares of Douglas Dynamics by 28.3% in the 1st quarter. Royal Bank of Canada now owns 88,051 shares of the auto parts company's stock valued at $2,045,000 after acquiring an additional 19,447 shares during the period. Institutional investors own 91.85% of the company's stock.

About Douglas Dynamics

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.