Douglas Dynamics, Inc. $PLOW Shares Sold by Legato Capital Management LLC

Key Points

• Legato Capital Management sharply reduced its stake in Douglas Dynamics, selling 32,997 shares in the fourth quarter and cutting its holdings by 81.9% to 7,269 shares worth about $237,000.
• Wall Street sentiment is broadly positive: several analysts raised targets or upgraded the stock, and the current consensus rating is Buy with an average price target of $54.67.
• Douglas Dynamics posted a solid quarter, beating earnings and revenue estimates with $0.36 EPS versus $0.12 expected and $137.8 million in revenue, while also guiding FY2026 EPS at 2.550–3.050.

Legato Capital Management LLC lessened its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 81.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,269 shares of the auto parts company's stock after selling 32,997 shares during the quarter. Legato Capital Management LLC's holdings in Douglas Dynamics were worth $237,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. PNC Financial Services Group Inc. grew its stake in Douglas Dynamics by 18.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,609 shares of the auto parts company's stock valued at $85,000 after purchasing an additional 400 shares in the last quarter. Gabelli Funds LLC grew its position in shares of Douglas Dynamics by 2.7% in the 4th quarter. Gabelli Funds LLC now owns 108,034 shares of the auto parts company's stock worth $3,527,000 after acquiring an additional 2,880 shares in the last quarter. Pacific Ridge Capital Partners LLC grew its position in shares of Douglas Dynamics by 4.7% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 31,787 shares of the auto parts company's stock worth $1,038,000 after acquiring an additional 1,420 shares in the last quarter. Provident Investment Management Inc. acquired a new position in shares of Douglas Dynamics in the 4th quarter worth approximately $945,000. Finally, Versor Investments LP grew its position in shares of Douglas Dynamics by 23.4% in the 4th quarter. Versor Investments LP now owns 27,779 shares of the auto parts company's stock worth $907,000 after acquiring an additional 5,262 shares in the last quarter. Institutional investors and hedge funds own 91.85% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on PLOW shares. DA Davidson lifted their target price on Douglas Dynamics from $55.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, May 6th. Freedom Capital upgraded Douglas Dynamics from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 11th. Robert W. Baird set a $56.00 target price on Douglas Dynamics in a research report on Wednesday, May 6th. Zacks Research upgraded Douglas Dynamics from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. Finally, Loop Capital set a $48.00 target price on Douglas Dynamics in a research report on Tuesday, March 3rd. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $54.67.

Insider Activity at Douglas Dynamics

In related news, insider Jon J. Sisulak sold 977 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $42.61, for a total value of $41,629.97. Following the sale, the insider owned 14,232 shares of the company's stock, valued at approximately $606,425.52. This trade represents a 6.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christopher E. Bernauer sold 869 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $42.61, for a total value of $37,028.09. Following the completion of the sale, the insider directly owned 9,243 shares in the company, valued at approximately $393,844.23. This trade represents a 8.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.54% of the company's stock.

Douglas Dynamics Trading Down 2.0%

Shares of NYSE PLOW opened at $44.44 on Friday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 20.02, a price-to-earnings-growth ratio of 0.94 and a beta of 1.24. Douglas Dynamics, Inc. has a 12-month low of $27.03 and a 12-month high of $52.33. The company has a current ratio of 2.65, a quick ratio of 0.77 and a debt-to-equity ratio of 0.48. The stock's 50 day simple moving average is $44.33 and its 200 day simple moving average is $39.45.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its quarterly earnings results on Monday, May 4th. The auto parts company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.24. The business had revenue of $137.80 million for the quarter, compared to the consensus estimate of $133.25 million. Douglas Dynamics had a return on equity of 19.72% and a net margin of 7.83%.Douglas Dynamics has set its FY 2026 guidance at 2.550-3.050 EPS. Equities research analysts expect that Douglas Dynamics, Inc. will post 2.69 EPS for the current year.

Douglas Dynamics Profile

Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company's product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.

Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.