EP Wealth Advisors LLC Invests $241,000 in Douglas Dynamics, Inc. $PLOW

Key Points

• EP Wealth Advisors LLC purchased 10,386 shares in Douglas Dynamics, Inc. ($PLOW) for approximately $241,000, highlighting growing institutional interest in the auto parts company.
• Douglas Dynamics reported an earnings per share (EPS) of $1.14 for the quarter, surpassing analyst estimates of $0.84, along with a revenue of $194.33 million.
• The company announced a quarterly dividend of $0.295 per share, with a dividend yield of 3.6%, indicating a healthy return for shareholders.

EP Wealth Advisors LLC bought a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,386 shares of the auto parts company's stock, valued at approximately $241,000.

Other institutional investors have also made changes to their positions in the company. Quarry LP bought a new position in shares of Douglas Dynamics in the first quarter worth about $53,000. CWM LLC increased its stake in shares of Douglas Dynamics by 24.2% in 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 period. State of Wyoming bought a new position in shares of Douglas Dynamics in the fourth quarter worth about $153,000. Ieq Capital LLC bought a new position in shares of Douglas Dynamics in the first quarter worth about $220,000. Finally, New York State Common Retirement Fund increased its stake in shares of Douglas Dynamics by 10.1% in the first quarter. New York State Common Retirement Fund now owns 10,190 shares of the auto parts company's stock worth $237,000 after purchasing an additional 938 shares during the period. 91.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. DA Davidson lifted their price objective on Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a research note 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 equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $30.00.

Douglas Dynamics Price Performance

NYSE PLOW traded down $0.12 during trading on Monday, reaching $32.52. 91,030 shares of the company traded hands, compared to its average volume of 130,850. 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 stock's 50 day moving average price is $31.24 and its two-hundred day moving average price is $27.88. The company has a market cap of $749.26 million, a price-to-earnings ratio of 11.66, a P/E/G ratio of 1.17 and a beta of 1.33. Douglas Dynamics, Inc. has a 1-year low of $21.30 and a 1-year high of $34.25.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.30. The company 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 company's quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 earnings per share. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. As a group, analysts anticipate that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued a $0.295 dividend. This represents a $1.18 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 16th. Douglas Dynamics's payout ratio is presently 42.29%.

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.