Douglas Dynamics, Inc. $PLOW Shares Sold by AlphaQuest LLC

Key Points

• AlphaQuest LLC reduced its stake in Douglas Dynamics, Inc. by 58.5%, ending the quarter with 8,218 shares valued at $191,000 after selling 11,583 shares.
• Douglas Dynamics reported earnings of $1.14 per share, exceeding estimates and maintaining a return on equity of 15.16%, despite a 2.8% decline in revenue year-over-year.
• The company recently announced a quarterly dividend of $0.295 per share, resulting in an annualized yield of 3.5% and a payout ratio of 42.29%.

AlphaQuest LLC decreased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 58.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,218 shares of the auto parts company's stock after selling 11,583 shares during the quarter. AlphaQuest LLC's holdings in Douglas Dynamics were worth $191,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. CWM LLC grew its holdings in shares of Douglas Dynamics by 24.2% during 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 last quarter. State of Wyoming purchased a new position in shares of Douglas Dynamics during the fourth quarter worth about $153,000. Aquatic Capital Management LLC grew its holdings in shares of Douglas Dynamics by 358.9% during the fourth quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock worth $184,000 after purchasing an additional 6,102 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of Douglas Dynamics by 10.1% during 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 last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of Douglas Dynamics by 50.5% during the fourth quarter. Point72 Asset Management L.P. now owns 10,680 shares of the auto parts company's stock worth $252,000 after purchasing an additional 3,585 shares during the last quarter. Hedge funds and other institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Performance

NYSE:PLOW traded down $0.05 during mid-day trading on Friday, reaching $33.46. The stock had a trading volume of 16,638 shares, compared to its average volume of 194,535. 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 firm has a market capitalization of $770.83 million, a price-to-earnings ratio of 11.99, a PEG ratio of 1.18 and a beta of 1.33. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $34.25. The business has a 50 day simple moving average of $30.89 and a 200 day simple moving average of $27.55.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 11.38% and a return on equity of 15.16%. The firm's revenue was down 2.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.11 earnings per share. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. On average, analysts expect that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 3.5%. Douglas Dynamics's payout ratio is currently 42.29%.

Wall Street Analysts Forecast Growth

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

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.