Epoch Investment Partners Inc. Lowers Holdings in 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. lessened its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 40.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,269 shares of the auto parts company's stock after selling 19,229 shares during the period. Epoch Investment Partners Inc. owned approximately 0.12% of Douglas Dynamics worth $657,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Douglas Dynamics by 4.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the auto parts company's stock valued at $307,000 after buying an additional 591 shares in the last quarter. Wellington Management Group LLP increased its position in Douglas Dynamics by 0.3% during the 4th quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company's stock valued at $6,625,000 after buying an additional 750 shares in the last quarter. Victory Capital Management Inc. increased its position in Douglas Dynamics by 2.9% during the 1st quarter. Victory Capital Management Inc. now owns 30,150 shares of the auto parts company's stock valued at $700,000 after buying an additional 850 shares in the last quarter. New York State Common Retirement Fund lifted its position in 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 acquiring an additional 938 shares in the last quarter. Finally, CWM LLC lifted its position in Douglas Dynamics by 24.2% in 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. Institutional investors own 91.85% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PLOW. DA Davidson upped their price objective 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 lowered Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Douglas Dynamics presently has a consensus rating of "Moderate Buy" and an average target price of $30.00.

Douglas Dynamics Price Performance

NYSE PLOW opened at $33.42 on Wednesday. Douglas Dynamics, Inc. has a 52 week low of $21.30 and a 52 week high of $34.25. The firm has a market capitalization of $770.09 million, a P/E ratio of 11.98, a PEG ratio of 1.21 and a beta of 1.33. The company has a quick ratio of 0.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $30.73 and a 200-day moving average price of $27.46.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The auto parts company reported $1.14 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $189.47 million. During the same quarter in the prior year, the firm earned $1.11 EPS. The business's revenue for the quarter was down 2.8% compared to the same quarter last year. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. Equities research analysts anticipate that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current year.

Douglas Dynamics Dividend Announcement

The firm also recently disclosed 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 of this dividend was Tuesday, June 17th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.5%. Douglas Dynamics's payout ratio is presently 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.