Dean Capital Management Grows Stock Holdings 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 position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 40.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.30% of Douglas Dynamics worth $1,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP acquired a new stake in shares of Douglas Dynamics during the 1st quarter worth approximately $53,000. CWM LLC increased its holdings in shares of Douglas Dynamics by 24.2% during the 1st quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock worth $125,000 after buying an additional 1,052 shares during the last quarter. State of Wyoming acquired a new stake in shares of Douglas Dynamics during the 4th quarter worth approximately $153,000. Ieq Capital LLC purchased a new position in shares of Douglas Dynamics during the 1st quarter worth approximately $220,000. Finally, New York State Common Retirement Fund boosted its position in shares of Douglas Dynamics by 10.1% during the 1st 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 period. Institutional investors and hedge funds own 91.85% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on PLOW. Wall Street Zen cut shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. DA Davidson increased their price objective on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $30.00.

Douglas Dynamics Stock Down 1.8%

PLOW stock traded down $0.60 during midday trading on Friday, hitting $32.59. The company's stock had a trading volume of 81,340 shares, compared to its average volume of 130,850. The company has a quick ratio of 0.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.51. Douglas Dynamics, Inc. has a 52-week low of $21.30 and a 52-week high of $34.25. The firm has a market capitalization of $751.00 million, a P/E ratio of 11.68, a PEG ratio of 1.17 and a beta of 1.33. The firm has a 50-day simple moving average of $31.21 and a 200-day simple moving average of $27.84.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The auto parts company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.84 by $0.30. Douglas Dynamics had a net margin of 11.38% and a return on equity of 15.16%. The company had revenue of $194.33 million during the quarter, compared to analysts' expectations of $189.47 million. During the same quarter last year, the company posted $1.11 EPS. The firm's revenue was down 2.8% compared to the same quarter last year. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. As a group, equities analysts forecast that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders 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 of this dividend is Tuesday, September 16th. Douglas Dynamics's payout ratio is 42.29%.

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.