Keeley Teton Advisors LLC Purchases 53,063 Shares of Douglas Dynamics, Inc. $PLOW

Key Points

• Keeley Teton Advisors LLC has increased its stake in Douglas Dynamics by 55.6%, acquiring a total of 148,415 shares valued at approximately $3.45 million.
• Douglas Dynamics reported $1.14 earnings per share in its latest quarter, exceeding the consensus estimate of $0.84, despite a 2.8% decline in year-over-year revenue.
• The company declared a quarterly dividend of $0.295 per share, corresponding to an annualized dividend yield of 3.5%.

Keeley Teton Advisors LLC grew its holdings in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 55.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,415 shares of the auto parts company's stock after purchasing an additional 53,063 shares during the period. Keeley Teton Advisors LLC owned about 0.64% of Douglas Dynamics worth $3,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC raised its holdings in shares of Douglas Dynamics by 24.2% in the first quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock valued at $125,000 after purchasing an additional 1,052 shares during the last quarter. State of Wyoming acquired a new stake in shares of Douglas Dynamics in the fourth quarter valued at approximately $153,000. Aquatic Capital Management LLC raised its holdings in shares of Douglas Dynamics by 358.9% in the fourth quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock valued at $184,000 after purchasing an additional 6,102 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Douglas Dynamics by 10.1% in the first quarter. New York State Common Retirement Fund now owns 10,190 shares of the auto parts company's stock valued at $237,000 after purchasing an additional 938 shares during the last quarter. Finally, Penn Capital Management Company LLC acquired a new stake in shares of Douglas Dynamics in the first quarter valued at approximately $248,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Douglas Dynamics Stock Performance

PLOW stock traded down $0.30 during midday trading on Friday, reaching $33.71. 111,394 shares of the company were exchanged, compared to its average volume of 185,714. 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 business has a 50-day moving average price of $30.55 and a two-hundred day moving average price of $27.34. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $34.25. The firm has a market capitalization of $776.60 million, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.22 and a beta of 1.32.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released 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. The firm had revenue of $194.33 million during the quarter, compared to analysts' expectations of $189.47 million. Douglas Dynamics had a net margin of 11.38% and a return on equity of 15.16%. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.11 earnings per share. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. Equities research analysts forecast that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, June 17th. Douglas Dynamics's payout ratio is presently 42.29%.

Analyst Ratings Changes

PLOW has been the topic of a number of recent research reports. DA Davidson lifted their price objective on shares of Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. Wall Street Zen downgraded shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.