Douglas Dynamics (NYSE:PLOW) Hits New 1-Year High - Still a Buy?

Key Points

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Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $32.60 and last traded at $32.56, with a volume of 115672 shares trading hands. The stock had previously closed at $31.90.

Wall Street Analysts Forecast Growth

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

Douglas Dynamics Stock Up 3.7%

The company has a debt-to-equity ratio of 0.51, a current ratio of 2.11 and a quick ratio of 0.99. The firm has a 50-day simple moving average of $30.03 and a two-hundred day simple moving average of $27.08. The company has a market cap of $779.44 million, a PE ratio of 12.13, a P/E/G ratio of 1.22 and a beta of 1.32.

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

Douglas Dynamics Announces Dividend

The firm 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 (DPR) is 42.29%.

Institutional Investors Weigh In On Douglas Dynamics

Hedge funds have recently made changes to their positions in the business. Quarry LP acquired a new stake in shares of Douglas Dynamics during the first quarter worth $53,000. New York State Teachers Retirement System acquired a new stake in shares of Douglas Dynamics during the second quarter worth $61,000. Tower Research Capital LLC TRC boosted its holdings in shares of Douglas Dynamics by 136.6% during 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. State of Wyoming boosted its holdings in shares of Douglas Dynamics by 20.0% during the second quarter. State of Wyoming now owns 2,430 shares of the auto parts company's stock worth $72,000 after purchasing an additional 405 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of Douglas Dynamics by 24.2% during the first quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock worth $125,000 after purchasing an additional 1,052 shares during the last quarter. 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.