39,341 Shares in Douglas Dynamics, Inc. $PLOW Purchased by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC acquired 39,341 shares in Douglas Dynamics, Inc. for approximately $914,000, representing about 0.17% of the company.
• Douglas Dynamics recently reported earnings per share of $1.14, significantly beating analysts' expectations, and set FY 2025 guidance at an EPS of 1.650-2.150.
• The company announced a quarterly dividend of $0.295, with an annualized dividend yield of 3.6% and a payout ratio of 42.29%.

Cubist Systematic Strategies LLC acquired a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,341 shares of the auto parts company's stock, valued at approximately $914,000. Cubist Systematic Strategies LLC owned about 0.17% of Douglas Dynamics at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in shares of Douglas Dynamics during the first quarter valued at $53,000. CWM LLC lifted its position in Douglas Dynamics by 24.2% during the first quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock valued at $125,000 after purchasing an additional 1,052 shares during the period. State of Wyoming acquired a new position in Douglas Dynamics during the fourth quarter valued at $153,000. Ieq Capital LLC acquired a new position in Douglas Dynamics during the first quarter valued at $220,000. Finally, New York State Common Retirement Fund lifted its position in 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 valued at $237,000 after purchasing an additional 938 shares during the period. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Price Performance

Shares of Douglas Dynamics stock traded down $0.60 during trading hours on Friday, reaching $32.59. The stock had a trading volume of 81,340 shares, compared to its average volume of 135,591. The stock's 50 day moving average is $31.21 and its 200 day moving average is $27.83. The firm has a market capitalization of $750.97 million, a PE ratio of 11.68, a PEG ratio of 1.19 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 company has a current ratio of 2.11, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.30. The business 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 company's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.11 earnings per share. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. Equities analysts expect that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be given a dividend of $0.295 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 16th. Douglas Dynamics's dividend payout ratio is 42.29%.

Wall Street Analysts Forecast Growth

PLOW has been the subject of a number of research reports. DA Davidson boosted their target price on shares of Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen downgraded shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average 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.