Douglas Dynamics, Inc. $PLOW Stake Lowered by Punch & Associates Investment Management Inc.

Key Points

• Punch & Associates Investment Management Inc. reduced its stake in Douglas Dynamics by 16.5%, resulting in ownership of 608,664 shares valued at approximately $14.14 million as of the latest SEC filing.
• Douglas Dynamics reported a quarterly earnings per share of $1.14, exceeding analysts' expectations, and announced a quarterly dividend of $0.295 per share, indicating a yield of 3.5%.
• Analysts have set a new average price target for Douglas Dynamics at $30.00, with one analyst rating it a "Buy" and another a "Hold."

Punch & Associates Investment Management Inc. reduced its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 608,664 shares of the auto parts company's stock after selling 119,905 shares during the period. Punch & Associates Investment Management Inc. owned 2.62% of Douglas Dynamics worth $14,139,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Quarry LP purchased a new position in shares of Douglas Dynamics during the 1st quarter valued at $53,000. CWM LLC grew its holdings in shares of Douglas Dynamics by 24.2% during the 1st quarter. CWM LLC now owns 5,400 shares of the auto parts company's stock valued at $125,000 after acquiring an additional 1,052 shares in the last quarter. State of Wyoming purchased a new position in shares of Douglas Dynamics during the 4th quarter valued at $153,000. Ieq Capital LLC purchased a new position in shares of Douglas Dynamics during the 1st quarter valued at $220,000. Finally, New York State Common Retirement Fund lifted its stake in shares of Douglas Dynamics by 10.1% in the 1st 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. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. DA Davidson increased their target price on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen downgraded shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $30.00.

Douglas Dynamics Stock Down 0.2%

Douglas Dynamics stock opened at $33.46 on Friday. The firm has a market cap of $770.80 million, a price-to-earnings ratio of 11.99, a P/E/G ratio of 1.20 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, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $34.25. The firm has a fifty day moving average price of $30.98 and a two-hundred day moving average price of $27.60.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its earnings results on Monday, August 4th. The auto parts company reported $1.14 earnings per share 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 analyst estimates of $189.47 million. Douglas Dynamics had a net margin of 11.38% and a return on equity of 15.16%. The business's revenue was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 EPS. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. As a group, analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th will be given a dividend of $0.295 per share. The ex-dividend date of this dividend is Tuesday, September 16th. This represents a $1.18 dividend on an annualized basis and a yield of 3.5%. Douglas Dynamics's payout ratio is currently 42.29%.

Douglas Dynamics Company 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.

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