Cubist Systematic Strategies LLC Takes $914,000 Position in Douglas Dynamics, Inc. $PLOW

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 bought a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 39,341 shares of the auto parts company's stock, valued at approximately $914,000. Cubist Systematic Strategies LLC owned 0.17% of Douglas Dynamics as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Royal Bank of Canada raised its position in shares of Douglas Dynamics by 28.3% during the first quarter. Royal Bank of Canada now owns 88,051 shares of the auto parts company's stock worth $2,045,000 after purchasing an additional 19,447 shares during the period. Quarry LP acquired a new stake in shares of Douglas Dynamics during the first quarter worth $53,000. Ieq Capital LLC purchased a new position in shares of Douglas Dynamics during the first quarter valued at $220,000. Keeley Teton Advisors LLC raised its position in Douglas Dynamics by 55.6% during the first quarter. Keeley Teton Advisors LLC now owns 148,415 shares of the auto parts company's stock valued at $3,448,000 after buying an additional 53,063 shares during the period. Finally, Penn Capital Management Company LLC acquired a new position in Douglas Dynamics during the first quarter valued at $248,000. 91.85% of the stock is owned by institutional investors and hedge funds.

Douglas Dynamics Stock Down 0.4%

NYSE PLOW traded down $0.12 on Monday, reaching $32.52. The stock had a trading volume of 91,030 shares, compared to its average volume of 130,850. The business has a 50 day moving average price of $31.24 and a 200 day moving average price of $27.88. 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, Inc. has a 1 year low of $21.30 and a 1 year high of $34.25. The company has a market capitalization of $749.26 million, a price-to-earnings ratio of 11.66, a P/E/G ratio of 1.17 and a beta of 1.33.

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

Douglas Dynamics Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PLOW shares. Wall Street Zen lowered Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. DA Davidson upped their price target on Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Douglas Dynamics presently has an average 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.