Douglas Dynamics (NYSE:PLOW) Shares Gap Up Following Earnings Beat

Shares of Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) gapped up before the market opened on Tuesday following a better than expected earnings announcement. The stock had previously closed at $24.39, but opened at $25.90. Douglas Dynamics shares last traded at $26.42, with a volume of 29,855 shares trading hands.

The auto parts company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.25. Douglas Dynamics had a net margin of 9.89% and a return on equity of 12.68%. The business had revenue of $115.07 million for the quarter, compared to analyst estimates of $107.80 million. During the same quarter last year, the business posted ($0.29) EPS. The firm's revenue for the quarter was up 20.3% on a year-over-year basis.

Douglas Dynamics Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 18th were issued a $0.295 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 4.48%. Douglas Dynamics's dividend payout ratio (DPR) is currently 50.43%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PLOW shares. StockNews.com upgraded shares of Douglas Dynamics from a "hold" rating to a "buy" rating in a report on Wednesday, February 26th. DA Davidson reaffirmed a "buy" rating and issued a $32.00 target price on shares of Douglas Dynamics in a report on Tuesday, February 25th.

Institutional Trading of Douglas Dynamics

Several institutional investors have recently modified their holdings of PLOW. Allspring Global Investments Holdings LLC lifted its holdings in Douglas Dynamics by 0.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,451,938 shares of the auto parts company's stock worth $57,032,000 after buying an additional 11,297 shares during the period. Pzena Investment Management LLC lifted its stake in shares of Douglas Dynamics by 35.4% in the first quarter. Pzena Investment Management LLC now owns 2,273,003 shares of the auto parts company's stock worth $52,802,000 after acquiring an additional 593,962 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Douglas Dynamics by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 954,671 shares of the auto parts company's stock valued at $22,559,000 after acquiring an additional 44,063 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its position in Douglas Dynamics by 18.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 909,283 shares of the auto parts company's stock valued at $21,487,000 after purchasing an additional 143,853 shares during the period. Finally, Ararat Capital Management LP increased its position in Douglas Dynamics by 40.6% during the 4th quarter. Ararat Capital Management LP now owns 807,186 shares of the auto parts company's stock valued at $19,074,000 after purchasing an additional 233,255 shares during the period. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Trading Up 7.9 %

The stock has a market cap of $608.01 million, a P/E ratio of 11.43, a price-to-earnings-growth ratio of 1.14 and a beta of 1.25. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 2.14. The firm's fifty day simple moving average is $23.97 and its 200-day simple moving average is $24.66.

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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