Douglas Dynamics (NYSE:PLOW) Hits New 1-Year High - What's Next?

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) shares hit a new 52-week high on Monday . The company traded as high as $34.12 and last traded at $33.93, with a volume of 297489 shares changing hands. The stock had previously closed at $32.61.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PLOW shares. Wall Street Zen lowered shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. DA Davidson lifted their price objective 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. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $30.00.

Douglas Dynamics Trading Up 0.7%

The stock has a market cap of $785.20 million, a PE ratio of 12.22, a P/E/G ratio of 1.22 and a beta of 1.32. The business's fifty day moving average is $30.03 and its 200 day moving average is $27.08. 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 announced its quarterly earnings results on Monday, August 4th. The auto parts company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.30. Douglas Dynamics had a net margin of 11.38% and a return on equity of 15.16%. The company had revenue of $194.33 million for the quarter, compared to the consensus estimate of $189.47 million. During the same quarter in the prior year, the firm earned $1.11 earnings per share. The company'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, analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

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

Hedge Funds Weigh In On Douglas Dynamics

A number of institutional investors have recently modified their holdings of the company. Ranger Investment Management L.P. raised its position 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 valued at $8,213,000 after buying an additional 102,544 shares during the last quarter. State of Wyoming raised its position 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 buying an additional 405 shares during the last quarter. Tower Research Capital LLC TRC raised its position 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 valued at $67,000 after buying an additional 1,303 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Douglas Dynamics during the second quarter worth approximately $1,586,000. Finally, Engineers Gate Manager LP increased its position in 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 last quarter. Institutional investors and hedge funds 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.

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