Douglas Dynamics, Inc. $PLOW Stock Holdings Raised by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Douglas Dynamics, Inc. by 9.5% during the first quarter, owning a total of 103,931 shares worth approximately $2.4 million.
• Douglas Dynamics reported $1.14 EPS for the quarter, exceeding analysts' estimates of $0.84, despite a 2.8% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.295 per share, reflecting an annualized yield of 3.5% and a payout ratio of 42.29%.

Russell Investments Group Ltd. raised its stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 9.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 103,931 shares of the auto parts company's stock after buying an additional 9,000 shares during the period. Russell Investments Group Ltd. owned approximately 0.45% of Douglas Dynamics worth $2,414,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Nuveen LLC acquired a new stake in shares of Douglas Dynamics in the first quarter valued at approximately $2,846,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Douglas Dynamics by 2.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 227,317 shares of the auto parts company's stock valued at $5,281,000 after purchasing an additional 5,104 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Douglas Dynamics by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,317,898 shares of the auto parts company's stock valued at $30,615,000 after purchasing an additional 26,118 shares during the last quarter. Nicholas Wealth LLC. boosted its holdings in shares of Douglas Dynamics by 14.5% in the 1st quarter. Nicholas Wealth LLC. now owns 33,108 shares of the auto parts company's stock valued at $769,000 after purchasing an additional 4,192 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of Douglas Dynamics by 22.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 119,436 shares of the auto parts company's stock valued at $2,774,000 after purchasing an additional 21,565 shares during the last quarter. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. DA Davidson lifted their price target 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 research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $30.00.

Douglas Dynamics Stock Down 0.9%

Douglas Dynamics stock traded down $0.30 during midday trading on Friday, hitting $33.71. 111,394 shares of the stock were exchanged, compared to its average volume of 185,714. Douglas Dynamics, Inc. has a 1 year low of $21.30 and a 1 year high of $34.25. The firm has a market cap of $776.60 million, a P/E ratio of 12.08, a P/E/G ratio of 1.22 and a beta of 1.32. 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 50 day moving average price of $30.55 and a two-hundred day moving average price of $27.34.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The auto parts company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $189.47 million. During the same quarter in the previous year, the firm posted $1.11 EPS. The firm's quarterly 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, sell-side analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Tuesday, June 17th were paid a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, June 17th. This represents a $1.18 annualized dividend and a yield of 3.5%. Douglas Dynamics's payout ratio 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.