Dean Capital Management Has $1.59 Million Stock Position in Douglas Dynamics, Inc. $PLOW

Key Points

• Dean Capital Management has increased its shareholding in Douglas Dynamics by 40.8%, now owning approximately $1.59 million in stock.
• Douglas Dynamics reported $1.14 earnings per share for the last quarter, surpassing estimates and indicating a 2.8% year-over-year revenue decline.
• The company also announced a quarterly dividend of $0.295, with a dividend yield of 3.5%, set to be paid on September 30th.

Dean Capital Management lifted its stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 40.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,622 shares of the auto parts company's stock after buying an additional 19,895 shares during the period. Dean Capital Management owned about 0.30% of Douglas Dynamics worth $1,594,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its holdings in shares of Douglas Dynamics by 0.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,451,938 shares of the auto parts company's stock worth $57,032,000 after buying an additional 11,297 shares in the last quarter. Pzena Investment Management LLC raised its holdings in shares of Douglas Dynamics by 35.4% in the 1st quarter. Pzena Investment Management LLC now owns 2,273,003 shares of the auto parts company's stock worth $52,802,000 after buying an additional 593,962 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Douglas Dynamics by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,317,898 shares of the auto parts company's stock worth $30,615,000 after buying an additional 26,118 shares in the last quarter. Invenomic Capital Management LP raised its holdings in shares of Douglas Dynamics by 60.5% in the 1st quarter. Invenomic Capital Management LP now owns 490,603 shares of the auto parts company's stock worth $11,397,000 after buying an additional 184,941 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Douglas Dynamics by 48.3% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 379,660 shares of the auto parts company's stock worth $8,820,000 after buying an additional 123,580 shares in the last quarter. 91.85% of the stock is owned by institutional investors and hedge funds.

Douglas Dynamics Trading Down 1.8%

PLOW traded down $0.60 during mid-day trading 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 has a market capitalization of $750.97 million, a P/E ratio of 11.68, a P/E/G ratio of 1.19 and a beta of 1.33. 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's fifty day simple moving average is $31.21 and its two-hundred day simple moving average is $27.83. Douglas Dynamics, Inc. has a 52 week low of $21.30 and a 52 week high of $34.25.

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 for the quarter, compared to analyst estimates of $189.47 million. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%.The business's quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company earned $1.11 EPS. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. On average, equities analysts predict that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.295 dividend. 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 42.29%.

Analyst Upgrades and Downgrades

PLOW has been the topic of a number of research analyst reports. DA Davidson increased their price target on Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen lowered 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 given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price 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.