Hotchkis & Wiley Capital Management LLC Buys 123,580 Shares of Douglas Dynamics, Inc. $PLOW

Key Points

• Hotchkis & Wiley Capital Management LLC has increased its holdings in Douglas Dynamics, Inc. by 48.3%, owning approximately 1.64% of the company valued at around $8.82 million.
• Douglas Dynamics reported earnings per share of $1.14 for the last quarter, surpassing analysts' expectations by $0.30, while revenue decreased by 2.8% year-over-year.
• The company announced a quarterly dividend of $0.295, representing an annualized yield of 3.5%, with a payout ratio of 42.29%.

Hotchkis & Wiley Capital Management LLC grew its holdings in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 48.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 379,660 shares of the auto parts company's stock after buying an additional 123,580 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 1.64% of Douglas Dynamics worth $8,820,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its stake 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 valued at $57,032,000 after buying an additional 11,297 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Douglas Dynamics by 27.3% in the 4th quarter. Millennium Management LLC now owns 43,823 shares of the auto parts company's stock worth $1,036,000 after purchasing an additional 9,411 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Douglas Dynamics by 3,811.8% in the 1st quarter. GAMMA Investing LLC now owns 13,613 shares of the auto parts company's stock worth $316,000 after purchasing an additional 13,265 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Douglas Dynamics by 80.6% in the 4th quarter. Nuveen Asset Management LLC now owns 138,392 shares of the auto parts company's stock worth $3,270,000 after purchasing an additional 61,759 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Douglas Dynamics by 72.7% in the 1st quarter. Teacher Retirement System of Texas now owns 132,214 shares of the auto parts company's stock worth $3,071,000 after purchasing an additional 55,657 shares during the last quarter. Institutional investors and hedge funds own 91.85% of the company's stock.

Douglas Dynamics Price Performance

NYSE:PLOW traded down $0.30 during mid-day trading on Friday, reaching $33.71. 111,394 shares of the company were exchanged, compared to its average volume of 185,714. Douglas Dynamics, Inc. has a 12 month low of $21.30 and a 12 month high of $34.25. The company has a fifty day moving average of $30.55 and a 200 day moving average of $27.34. 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 stock has a market cap of $776.60 million, a PE ratio of 12.08, a PEG ratio of 1.22 and a beta of 1.32.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.30. Douglas Dynamics had a net margin of 11.38% and a return on equity of 15.16%. The firm had revenue of $194.33 million for the quarter, compared to analyst estimates of $189.47 million. During the same quarter in the prior year, the firm earned $1.11 EPS. The company's revenue 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, research analysts anticipate 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 was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.18 dividend on an annualized basis and a yield of 3.5%. Douglas Dynamics's dividend payout ratio is currently 42.29%.

Wall Street Analyst Weigh In

PLOW has been the topic of several analyst reports. DA Davidson upped their target price on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Wall Street Zen lowered shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Douglas Dynamics presently has an average rating of "Moderate Buy" and an average target price 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.