204,391 Shares in Douglas Dynamics, Inc. $PLOW Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 204,391 shares of Douglas Dynamics in the second quarter, worth approximately $11.0 million and representing 0.89% of the company. Institutional investors collectively own 91.85% of PLOW.
• Analyst sentiment is moderately positive, with an average rating of “Moderate Buy” and a consensus price target of $51.67, although some firms recently lowered ratings or targets.
• Douglas Dynamics beat quarterly earnings expectations with $1.22 EPS versus $1.08 expected, while maintaining a quarterly dividend of $0.295 per share, equivalent to a 3.0% annualized yield.

Bank of America Corp DE acquired a new stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 204,391 shares of the auto parts company's stock, valued at approximately $11,027,000. Bank of America Corp DE owned 0.89% of Douglas Dynamics at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BlackRock Inc. acquired a new position in shares of Douglas Dynamics in the 2nd quarter valued at $109,009,000. Pzena Investment Management LLC acquired a new stake in shares of Douglas Dynamics during the second quarter worth about $74,703,000. Arrowstreet Capital Limited Partnership grew its stake in Douglas Dynamics by 128.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 538,669 shares of the auto parts company's stock worth $22,673,000 after buying an additional 303,077 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Douglas Dynamics during the second quarter worth approximately $13,297,000. Finally, Icon Advisers Inc. Co. acquired a new position in shares of Douglas Dynamics in the 1st quarter valued at $8,717,000. Hedge funds and other institutional investors own 91.85% of the company's stock.

Wall Street Analyst Weigh In

PLOW has been the subject of a number of recent research reports. Robert W. Baird decreased their price target on shares of Douglas Dynamics from $56.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, August 4th. Weiss Ratings upgraded shares of Douglas Dynamics from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. DA Davidson set a $57.00 price target on Douglas Dynamics in a research report on Tuesday, August 4th. Zacks Research raised Douglas Dynamics from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 2nd. Finally, Wall Street Zen cut shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Douglas Dynamics currently has an average rating of "Moderate Buy" and an average target price of $51.67.

Douglas Dynamics Stock Performance

Shares of PLOW stock opened at $39.84 on Friday. The stock has a fifty day moving average price of $42.19 and a 200 day moving average price of $44.19. The stock has a market cap of $919.60 million, a PE ratio of 18.11, a P/E/G ratio of 0.87 and a beta of 1.19. Douglas Dynamics, Inc. has a 1 year low of $28.52 and a 1 year high of $55.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.03 and a current ratio of 2.16.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its earnings results on Monday, August 3rd. The auto parts company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.14. Douglas Dynamics had a return on equity of 19.03% and a net margin of 7.52%.The company had revenue of $214.65 million for the quarter, compared to analyst estimates of $219.45 million. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. Sell-side analysts forecast that Douglas Dynamics, Inc. will post 2.86 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.2950 per share. This represents a $1.18 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Douglas Dynamics's dividend payout ratio (DPR) is currently 53.64%.

Douglas Dynamics Profile

Douglas Dynamics, Inc is a Milwaukee, Wisconsin-based manufacturer of equipment and solutions for snow and ice management and commercial work trucks. The company serves contractors, municipalities, government agencies and other commercial customers that rely on specialized equipment to maintain roads, parking lots and other properties.

Its product portfolio includes snowplows, tailgate and hopper spreaders, liquid deicing systems, underbody scrapers and related truck-mounted attachments.

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