Russell Investments Group Ltd. Has $2.41 Million Stock Holdings in Douglas Dynamics, Inc. $PLOW

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. increased its holdings in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 9.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,931 shares of the auto parts company's stock after purchasing 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 quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Douglas Dynamics by 4.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the auto parts company's stock worth $307,000 after purchasing an additional 591 shares in the last quarter. Wellington Management Group LLP raised its position in Douglas Dynamics by 0.3% in the fourth quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company's stock worth $6,625,000 after purchasing an additional 750 shares in the last quarter. Victory Capital Management Inc. raised its position in Douglas Dynamics by 2.9% in the first quarter. Victory Capital Management Inc. now owns 30,150 shares of the auto parts company's stock worth $700,000 after purchasing an additional 850 shares in the last quarter. New York State Common Retirement Fund raised its position in 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 worth $237,000 after purchasing an additional 938 shares in the last quarter. Finally, CWM LLC boosted its position in 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 buying an additional 1,052 shares in the last quarter. Institutional investors and hedge funds own 91.85% of the company's stock.

Douglas Dynamics Price Performance

Shares of PLOW stock traded down $0.30 during trading hours on Friday, reaching $33.71. 111,394 shares of the company were exchanged, compared to its average volume of 183,514. Douglas Dynamics, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $34.25. The stock's fifty day moving average is $30.55 and its two-hundred day moving average is $27.36. The company has a market cap of $776.56 million, a price-to-earnings ratio of 12.08, a P/E/G ratio of 1.21 and a beta of 1.33. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.11 and a quick ratio of 0.99.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its earnings results on Monday, August 4th. The auto parts company reported $1.14 earnings per share (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 company had revenue of $194.33 million for the quarter, compared to analyst estimates of $189.47 million. During the same period in the prior year, the business earned $1.11 earnings per share. Douglas Dynamics'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. Sell-side analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently weighed in on PLOW shares. DA Davidson raised their price objective 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 assigned a Hold rating to the company. According to MarketBeat.com, Douglas Dynamics currently has an average rating of "Moderate Buy" and an average price target of $30.00.

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.