Douglas Dynamics (NYSE:PLOW) Reaches New 1-Year High - Time to Buy?

Key Points

• Douglas Dynamics (NYSE:PLOW) shares reached a new 52-week high of $34.12, closing at $33.93, with a trading volume of 297,489 shares.
• While DA Davidson upgraded its price target to $34 with a "buy" rating, Wall Street Zen downgraded the stock from "buy" to "hold," resulting in a current consensus rating of "Moderate Buy."
• The company reported a quarterly EPS of $1.14, exceeding expectations, but its revenue was down 2.8% year-over-year, with FY 2025 EPS guidance set between 1.650 and 2.150.

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report)'s stock price hit a new 52-week high during trading on Monday . The company traded as high as $34.12 and last traded at $33.93, with a volume of 297489 shares traded. The stock had previously closed at $32.61.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PLOW. DA Davidson lifted their price target 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. Wall Street Zen lowered Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.00.

Douglas Dynamics Trading Down 0.9%

The company's 50 day simple moving average is $30.55 and its two-hundred day simple moving average is $27.34. The company has a market capitalization of $776.60 million, a price-to-earnings ratio of 12.08, a P/E/G ratio of 1.22 and a beta of 1.32. The company has a quick ratio of 0.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.51.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.84 by $0.30. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%.The firm had revenue of $194.33 million during the quarter, compared to analyst estimates of $189.47 million. During the same quarter in the prior year, the business posted $1.11 EPS. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. As a group, research analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were issued a dividend of $0.295 per share. The ex-dividend date was Tuesday, June 17th. This represents a $1.18 annualized dividend and a dividend yield of 3.5%. Douglas Dynamics's dividend payout ratio is 42.29%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Ranger Investment Management L.P. raised its holdings in shares of Douglas Dynamics by 58.2% in the second quarter. Ranger Investment Management L.P. now owns 278,704 shares of the auto parts company's stock worth $8,213,000 after buying an additional 102,544 shares during the last quarter. State of Wyoming increased its holdings in shares of Douglas Dynamics by 20.0% in the second quarter. State of Wyoming now owns 2,430 shares of the auto parts company's stock valued at $72,000 after purchasing an additional 405 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Douglas Dynamics by 136.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company's stock worth $67,000 after purchasing an additional 1,303 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Douglas Dynamics in the second quarter worth about $1,586,000. Finally, Engineers Gate Manager LP lifted its holdings in shares of Douglas Dynamics by 36.0% during the second quarter. Engineers Gate Manager LP now owns 17,629 shares of the auto parts company's stock worth $520,000 after purchasing an additional 4,663 shares during the period. Institutional investors and hedge funds own 91.85% of the company's stock.

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.