First Hawaiian Bank Has $668,000 Position in Douglas Dynamics, Inc. $PLOW

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 disclosure with the Securities & Exchange Commission. The firm owned 28,738 shares of the auto parts company's stock after purchasing an additional 10,030 shares during the quarter. First Hawaiian Bank owned about 0.12% of Douglas Dynamics worth $668,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PLOW. Northern Trust Corp boosted its position in Douglas Dynamics by 9.6% during the fourth quarter. Northern Trust Corp now owns 225,645 shares of the auto parts company's stock worth $5,332,000 after purchasing an additional 19,768 shares during the period. Ameriprise Financial Inc. boosted its position in Douglas Dynamics by 62.5% during the fourth quarter. Ameriprise Financial Inc. now owns 47,014 shares of the auto parts company's stock worth $1,111,000 after purchasing an additional 18,074 shares during the period. Bank of America Corp DE boosted its position in Douglas Dynamics by 1.1% during the fourth quarter. Bank of America Corp DE now owns 274,978 shares of the auto parts company's stock worth $6,498,000 after purchasing an additional 3,089 shares during the period. Deutsche Bank AG boosted its position in shares of Douglas Dynamics by 47.7% in the fourth quarter. Deutsche Bank AG now owns 23,989 shares of the auto parts company's stock valued at $567,000 after acquiring an additional 7,747 shares during the period. Finally, Graham Capital Management L.P. bought a new stake in shares of Douglas Dynamics in the fourth quarter valued at approximately $296,000. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Performance

Shares of NYSE PLOW traded down $0.82 during trading hours on Friday, reaching $32.29. The stock had a trading volume of 205,934 shares, compared to its average volume of 126,736. The business's fifty day moving average is $31.39 and its two-hundred day moving average is $28.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.11 and a quick ratio of 0.99. The company has a market cap of $743.96 million, a price-to-earnings ratio of 11.57, 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.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its earnings results 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 business had revenue of $194.33 million during 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%.Douglas Dynamics's revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.11 earnings per share. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. As a group, research analysts expect that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 16th will be paid a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 16th. Douglas Dynamics's dividend payout ratio is presently 42.29%.

Analysts Set New Price Targets

Several research firms have recently weighed in on PLOW. Wall Street Zen cut 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 Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company 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.