Douglas Dynamics, Inc. $PLOW Shares Acquired by First Hawaiian Bank

Key Points

• First Hawaiian Bank increased its stake in Douglas Dynamics by 53.6%, acquiring an additional 10,030 shares in the first quarter, bringing its total ownership to 28,738 shares valued at approximately $668,000.
• Douglas Dynamics reported $1.14 EPS for the most recent quarter, significantly exceeding analysts' estimates of $0.84, and had a revenue of $194.33 million, albeit down 2.8% year-over-year.
• The company announced a quarterly dividend of $0.295 per share, with an annualized yield of 3.6%, set to be paid on September 30th, following the ex-dividend date of September 16th.

First Hawaiian Bank boosted its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 53.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,738 shares of the auto parts company's stock after acquiring an additional 10,030 shares during the quarter. First Hawaiian Bank owned about 0.12% of Douglas Dynamics worth $668,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new stake in Douglas Dynamics during the first quarter worth $53,000. CWM LLC grew its holdings in Douglas Dynamics by 24.2% in the 1st quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock valued at $125,000 after buying an additional 1,052 shares during the period. State of Wyoming purchased a new position in Douglas Dynamics during the fourth quarter worth approximately $153,000. Ieq Capital LLC acquired a new position in Douglas Dynamics in the first quarter valued at $220,000. Finally, New York State Common Retirement Fund grew its holdings 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.

Douglas Dynamics Trading Down 1.8%

Shares of Douglas Dynamics stock opened at $32.59 on Monday. The company has a quick ratio of 0.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.51. The firm has a market cap of $751.00 million, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 1.17 and a beta of 1.33. The business has a fifty day simple moving average of $31.21 and a 200-day simple moving average of $27.84. Douglas Dynamics, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $34.25.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its earnings results on Monday, August 4th. The auto parts company reported $1.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.30. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%.The company had revenue of $194.33 million during the quarter, compared to analyst estimates of $189.47 million. During the same quarter in the prior year, the company earned $1.11 earnings per share. The company's revenue for the quarter was down 2.8% on a year-over-year basis. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. On average, equities analysts forecast that Douglas Dynamics, Inc. will post 1.3 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.18 dividend on an annualized basis and a yield of 3.6%. Douglas Dynamics's dividend payout ratio (DPR) is presently 42.29%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PLOW. Wall Street Zen downgraded shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. DA Davidson upped their price objective on Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. One equities research 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, the company has a consensus 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.

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