Douglas Dynamics (NYSE:PLOW) Releases Earnings Results, Beats Expectations By $998.88 EPS

Key Points

• Douglas Dynamics reported EPS of $999.00 for the quarter, beating consensus of $0.12 by $998.88; the company posted a net margin of 7.15% and a return on equity of 17.83%.
• Shares fell $1.59 to $44.53 on Monday with volume of 373,825 (above the 229,998 average); the stock has a market cap of about $1.03 billion and a P/E of 22.6, trading in a 12‑month range of $24.12–$48.47.
• Douglas Dynamics paid a quarterly dividend of $0.295 (annualized $1.18, yield 2.7%, DPR 59.9%); insiders sold small stakes while institutional investors own 91.85% of shares and analysts hold a mixed view with an average target of $48.67.

Douglas Dynamics (NYSE:PLOW - Get Free Report) announced its quarterly earnings results on Monday. The auto parts company reported $999.00 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $998.88, Zacks reports. Douglas Dynamics had a net margin of 7.15% and a return on equity of 17.83%.

Douglas Dynamics Price Performance

NYSE PLOW traded down $1.59 on Monday, reaching $44.53. 373,825 shares of the company's stock traded hands, compared to its average volume of 229,998. Douglas Dynamics has a 12 month low of $24.12 and a 12 month high of $48.47. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.78 and a quick ratio of 1.17. The stock has a 50-day simple moving average of $43.95 and a 200 day simple moving average of $37.66. The stock has a market cap of $1.03 billion, a PE ratio of 22.60, a P/E/G ratio of 1.23 and a beta of 1.24.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th were given a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, March 17th. Douglas Dynamics's dividend payout ratio (DPR) is presently 59.90%.

Insider Buying and Selling

In other Douglas Dynamics news, insider Christopher E. Bernauer sold 869 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $42.61, for a total transaction of $37,028.09. Following the transaction, the insider directly owned 9,243 shares in the company, valued at $393,844.23. This trade represents a 8.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jon J. Sisulak sold 977 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $42.61, for a total transaction of $41,629.97. Following the transaction, the insider owned 14,232 shares in the company, valued at $606,425.52. The trade was a 6.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.54% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of PLOW. Royal Bank of Canada grew its holdings in shares of Douglas Dynamics by 28.3% in the first quarter. Royal Bank of Canada now owns 88,051 shares of the auto parts company's stock worth $2,045,000 after purchasing an additional 19,447 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Douglas Dynamics by 10.2% in the first quarter. AQR Capital Management LLC now owns 113,465 shares of the auto parts company's stock worth $2,636,000 after purchasing an additional 10,535 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Douglas Dynamics by 4.2% in 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 holdings in shares of Douglas Dynamics by 11.2% in the first 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 worth $1,777,000 after purchasing an additional 7,733 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Douglas Dynamics by 2.8% in the second quarter. Legal & General Group Plc now owns 26,968 shares of the auto parts company's stock worth $795,000 after purchasing an additional 725 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Robert W. Baird set a $50.00 target price on shares of Douglas Dynamics in a research note on Wednesday, February 25th. Wall Street Zen downgraded shares of Douglas Dynamics from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Zacks Research downgraded shares of Douglas Dynamics from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Freedom Capital downgraded shares of Douglas Dynamics from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 3rd. Finally, Weiss Ratings raised shares of Douglas Dynamics from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, February 27th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Douglas Dynamics has an average rating of "Moderate Buy" and an average target price of $48.67.

About Douglas Dynamics

Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company's product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.

Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.

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