Epoch Investment Partners Inc. Sells 19,229 Shares of Douglas Dynamics, Inc. $PLOW

Key Points

• Epoch Investment Partners Inc. sold 19,229 shares of Douglas Dynamics, reducing its position by 40.5% during the first quarter, leaving them with about 28,269 shares valued at $657,000.
• Douglas Dynamics reported a quarterly earnings per share of $1.14, exceeding analyst expectations of $0.84, with a revenue of $194.33 million.
• The company recently declared a quarterly dividend of $0.295, resulting in an annualized dividend yield of 3.5%.

Epoch Investment Partners Inc. trimmed its holdings in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 40.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,269 shares of the auto parts company's stock after selling 19,229 shares during the quarter. Epoch Investment Partners Inc. owned about 0.12% of Douglas Dynamics worth $657,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. CWM LLC grew its position in shares of 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 purchasing an additional 1,052 shares during the last quarter. State of Wyoming acquired a new stake in shares of Douglas Dynamics in the fourth quarter valued at about $153,000. Aquatic Capital Management LLC grew its position in shares of Douglas Dynamics by 358.9% in the fourth quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock valued at $184,000 after purchasing an additional 6,102 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of 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 valued at $237,000 after purchasing an additional 938 shares during the last quarter. Finally, Penn Capital Management Company LLC acquired a new stake in shares of Douglas Dynamics in the first quarter valued at about $248,000. 91.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on PLOW shares. DA Davidson raised their price target on Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a research report on Tuesday, July 22nd. Wall Street Zen downgraded Douglas Dynamics from a "buy" rating to a "hold" rating in a research 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. According to data from MarketBeat, Douglas Dynamics presently has a consensus rating of "Moderate Buy" and an average target price of $30.00.

Douglas Dynamics Price Performance

PLOW traded down $0.30 during midday trading on Friday, reaching $33.71. 111,394 shares of the company's stock were exchanged, compared to its average volume of 185,714. The firm has a market capitalization 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. The company has a quick ratio of 0.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.51. Douglas Dynamics, Inc. has a one year low of $21.30 and a one year high of $34.25. The business has a 50-day simple moving average of $30.55 and a two-hundred day simple moving average of $27.35.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $194.33 million during the quarter, compared to analysts' expectations of $189.47 million. Douglas Dynamics had a net margin of 11.38% and a return on equity of 15.16%. The company's revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.11 earnings per share. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. As a group, research analysts predict that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 17th were paid a dividend of $0.295 per share. The ex-dividend date 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 currently 42.29%.

About Douglas Dynamics

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.