Bank of New York Mellon Corp Invests $13.30 Million in Douglas Dynamics, Inc. $PLOW

Key Points

• Bank of New York Mellon acquired 246,475 shares of Douglas Dynamics, worth approximately $13.3 million, giving it a 1.07% stake. Institutional investors collectively own 91.85% of the company.
• Analyst sentiment is mixed but leans positive, with a consensus rating of “Moderate Buy” and an average price target of $51.67; targets ranged from $50 to $57, while Zacks issued a “Strong Sell” downgrade.
• Douglas Dynamics reported quarterly EPS of $1.22, beating estimates of $1.08, while revenue of $214.65 million fell short of expectations. The company also maintains a $0.295 quarterly dividend, equivalent to a 2.9% yield.

Bank of New York Mellon Corp acquired a new stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 246,475 shares of the auto parts company's stock, valued at approximately $13,297,000. Bank of New York Mellon Corp owned 1.07% of Douglas Dynamics as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC lifted its holdings in Douglas Dynamics by 1.1% during the 1st quarter. Kestra Private Wealth Services LLC now owns 24,242 shares of the auto parts company's stock worth $1,020,000 after buying an additional 272 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Douglas Dynamics by 18.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,609 shares of the auto parts company's stock worth $85,000 after acquiring an additional 400 shares during the period. State of Wyoming raised its stake in shares of 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 in the last quarter. Comerica Bank raised its stake in shares of Douglas Dynamics by 2.6% in the fourth quarter. Comerica Bank now owns 15,996 shares of the auto parts company's stock valued at $522,000 after acquiring an additional 407 shares in the last quarter. Finally, Aquatic Capital Management LLC boosted its holdings in Douglas Dynamics by 6.7% in the third quarter. Aquatic Capital Management LLC now owns 7,165 shares of the auto parts company's stock valued at $224,000 after purchasing an additional 449 shares during the period. 91.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PLOW. Robert W. Baird decreased their price objective on Douglas Dynamics from $56.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, August 4th. DA Davidson set a $57.00 target price on shares of Douglas Dynamics in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Douglas Dynamics from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. Freedom Capital upgraded shares of Douglas Dynamics from a "hold" rating to a "strong-buy" rating in a research note on Monday, May 11th. Finally, Zacks Research downgraded shares of Douglas Dynamics from a "hold" rating to a "strong sell" rating in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Douglas Dynamics has a consensus rating of "Moderate Buy" and an average price target of $51.67.

Douglas Dynamics Trading Down 1.1%

Shares of Douglas Dynamics stock opened at $40.61 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.03 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $44.81 and a 200-day simple moving average of $44.64. The stock has a market cap of $937.28 million, a price-to-earnings ratio of 18.46, a PEG ratio of 0.90 and a beta of 1.19. Douglas Dynamics, Inc. has a 12-month low of $28.52 and a 12-month high of $55.00.

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

Douglas Dynamics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $0.295 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $1.18 dividend on an annualized basis and a yield of 2.9%. Douglas Dynamics's payout ratio is currently 53.64%.

Douglas Dynamics Profile

Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company's product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.

Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.

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