Keeley Teton Advisors LLC Has $3.45 Million Stock Position in 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 increased its position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 55.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,415 shares of the auto parts company's stock after acquiring an additional 53,063 shares during the period. Keeley Teton Advisors LLC owned about 0.64% of Douglas Dynamics worth $3,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC raised its holdings in shares of Douglas Dynamics by 24.2% during the first quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock worth $125,000 after acquiring an additional 1,052 shares in the last quarter. State of Wyoming bought a new position in Douglas Dynamics during the fourth quarter valued at about $153,000. Aquatic Capital Management LLC raised its holdings in Douglas Dynamics by 358.9% during the fourth quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock valued at $184,000 after buying an additional 6,102 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Douglas Dynamics by 10.1% during 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 buying an additional 938 shares in the last quarter. Finally, Penn Capital Management Company LLC bought a new position in Douglas Dynamics during the first quarter valued at about $248,000. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLOW has been the topic of several recent research reports. DA Davidson raised their target price on 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 lowered Douglas Dynamics from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Douglas Dynamics presently has a consensus rating of "Moderate Buy" and a consensus target price of $30.00.

Douglas Dynamics Stock Performance

Shares of Douglas Dynamics stock traded down $0.30 during trading on Friday, reaching $33.71. The company's stock had a trading volume of 111,394 shares, compared to its average volume of 185,714. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 2.11. The business's fifty day moving average price is $30.55 and its 200-day moving average price is $27.35. The firm has a market cap of $776.56 million, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.21 and a beta of 1.32. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $34.25.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted 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 return on equity of 15.16% and a net margin of 11.38%.The business had revenue of $194.33 million for the quarter, compared to analyst estimates of $189.47 million. During the same period in the previous year, the company posted $1.11 earnings per share. The firm'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. As a group, equities research analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were given 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 (DPR) is 42.29%.

Douglas Dynamics Profile

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.