Douglas Dynamics (NYSE:PLOW) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• Douglas Dynamics' stock price recently crossed above its 200-day moving average of $26.87, reaching a trading high of $32.60.
• The company reported $1.14 earnings per share for the last quarter, exceeding analyst expectations, despite a decline in revenue compared to the previous year.
• Douglas Dynamics declared a quarterly dividend of $0.295, translating to an annual yield of 3.6%, with a dividend payout ratio of 42.29%.

Douglas Dynamics, Inc. (NYSE:PLOW - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.87 and traded as high as $32.60. Douglas Dynamics shares last traded at $32.56, with a volume of 115,672 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on PLOW shares. DA Davidson lifted their price objective on Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Wall Street Zen lowered Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $30.00.

Douglas Dynamics Stock Performance

The company has a market capitalization of $779.48 million, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 1.22 and a beta of 1.32. 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 stock has a 50 day moving average price of $30.03 and a two-hundred day moving average price of $27.07.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted 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. The business had revenue of $194.33 million for the quarter, compared to analysts' expectations of $189.47 million. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%.The firm's quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.11 earnings per share. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. On average, analysts predict that Douglas Dynamics, Inc. will post 1.3 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

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

Hedge Funds Weigh In On Douglas Dynamics

Several hedge funds have recently added to or reduced their stakes in the company. State of Wyoming boosted its holdings in 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 acquiring an additional 405 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 valued at $314,000 after acquiring an additional 546 shares during the last quarter. Legal & General Group Plc boosted its holdings in 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 valued at $795,000 after acquiring an additional 725 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Douglas Dynamics by 0.3% in the fourth quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company's stock valued at $6,625,000 after acquiring an additional 750 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Douglas Dynamics by 2.9% in the first quarter. Victory Capital Management Inc. now owns 30,150 shares of the auto parts company's stock valued at $700,000 after acquiring an additional 850 shares during the last quarter. Institutional investors 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.