Ieq Capital LLC Purchases Shares of 9,461 Douglas Dynamics, Inc. $PLOW

Key Points

• Ieq Capital LLC has acquired a new position in Douglas Dynamics, purchasing 9,461 shares valued at approximately **$220,000** during the first quarter.
• The company's quarterly earnings report showed earnings per share of **$1.14**, exceeding estimates and a revenue of **$194.33 million**, although down **2.8%** year-over-year.
• A recent dividend of **$0.295** per share was declared, indicating a **3.5% yield** and a payout ratio of **42.29%**.

Ieq Capital LLC acquired a new stake in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 9,461 shares of the auto parts company's stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Douglas Dynamics by 4.8% during 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 during the period. Wellington Management Group LLP raised its stake in shares of Douglas Dynamics by 0.3% in 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 acquiring an additional 750 shares during the period. Victory Capital Management Inc. grew its holdings 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 purchasing an additional 850 shares in the last quarter. New York State Common Retirement Fund grew its holdings in Douglas Dynamics by 10.1% during 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 in the last quarter. Finally, CWM LLC grew its holdings in 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 purchasing 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

NYSE PLOW traded up $0.50 on Thursday, hitting $33.09. 30,568 shares of the company were exchanged, compared to its average volume of 192,541. The firm has a 50 day moving average of $31.15 and a two-hundred day moving average of $27.74. The company has a market cap of $762.39 million, a P/E ratio of 11.86, a P/E/G ratio of 1.17 and a beta of 1.33. The company has a current ratio of 2.11, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. Douglas Dynamics, Inc. has a 1-year low of $21.30 and a 1-year high of $34.25.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The auto parts company reported $1.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.30. The business had revenue of $194.33 million for the quarter, compared to the consensus estimate of $189.47 million. Douglas Dynamics had a net margin of 11.38% and a return on equity of 15.16%. Douglas Dynamics's revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. On average, equities analysts predict that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be issued 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 dividend yield of 3.6%. Douglas Dynamics's dividend payout ratio (DPR) is currently 42.29%.

Analyst Ratings Changes

Several research analysts have weighed in on PLOW shares. Wall Street Zen lowered shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. DA Davidson lifted 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. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $30.00.

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.