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

Other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in Douglas Dynamics by 0.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 2,451,938 shares of the auto parts company's stock worth $57,032,000 after purchasing an additional 11,297 shares during the period. Millennium Management LLC lifted its position in Douglas Dynamics by 27.3% during the fourth quarter. Millennium Management LLC now owns 43,823 shares of the auto parts company's stock worth $1,036,000 after purchasing an additional 9,411 shares during the period. GAMMA Investing LLC lifted its position in Douglas Dynamics by 3,811.8% during the first quarter. GAMMA Investing LLC now owns 13,613 shares of the auto parts company's stock worth $316,000 after purchasing an additional 13,265 shares during the period. Nuveen Asset Management LLC lifted its position in Douglas Dynamics by 80.6% during the fourth quarter. Nuveen Asset Management LLC now owns 138,392 shares of the auto parts company's stock worth $3,270,000 after purchasing an additional 61,759 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in Douglas Dynamics by 72.7% during the first quarter. Teacher Retirement System of Texas now owns 132,214 shares of the auto parts company's stock worth $3,071,000 after purchasing an additional 55,657 shares during the period. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Price Performance

NYSE PLOW traded down $0.60 during trading on Friday, hitting $32.59. 81,340 shares of the company's stock were exchanged, compared to its average volume of 135,591. The company has a current ratio of 2.11, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. The company has a market cap of $750.97 million, a PE ratio of 11.68, a P/E/G ratio of 1.19 and a beta of 1.33. Douglas Dynamics, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $34.25. The stock's 50 day moving average price is $31.21 and its two-hundred day moving average price is $27.83.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its earnings results on Monday, August 4th. The auto parts company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.84 by $0.30. The firm had revenue of $194.33 million during 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 quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 earnings per share. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. Research analysts expect that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on PLOW shares. 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 research report on Tuesday, July 22nd. Wall Street Zen cut shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.00.

Douglas Dynamics 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.