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

Key Points

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Shares of 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. The stock had previously closed at $31.90.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. DA Davidson upped their price objective on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $30.00.

Douglas Dynamics Stock Up 3.7%

The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 2.11. The company has a market capitalization of $779.44 million, a price-to-earnings ratio of 12.13, a P/E/G ratio of 1.16 and a beta of 1.32. The stock's fifty day simple moving average is $29.93 and its two-hundred day simple moving average is $27.00.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.30. The firm had revenue of $194.33 million for 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%.The business's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.11 EPS. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. On average, sell-side analysts anticipate that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Dividend Announcement

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

Institutional Trading of Douglas Dynamics

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ranger Investment Management L.P. raised its holdings in Douglas Dynamics by 58.2% during the 2nd 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 period. State of Wyoming increased its holdings in shares of Douglas Dynamics by 20.0% in the 2nd 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 increased its holdings in shares of Douglas Dynamics by 136.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company's stock valued at $67,000 after purchasing an additional 1,303 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Douglas Dynamics in the 2nd quarter valued at about $1,586,000. Finally, Engineers Gate Manager LP increased its holdings in shares of Douglas Dynamics by 36.0% in the 2nd quarter. Engineers Gate Manager LP now owns 17,629 shares of the auto parts company's stock valued at $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.

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.