Invenomic Capital Management LP Acquires 184,941 Shares of Douglas Dynamics, Inc. $PLOW

Key Points

• Invenomic Capital Management LP increased its stake in Douglas Dynamics by 60.5%, acquiring 184,941 shares to total 490,603 shares, valued at approximately $11.4 million.
• Douglas Dynamics reported a quarterly earnings per share (EPS) of $1.14, exceeding estimates of $0.84, with a revenue of $194.33 million.
• Analysts have a mixed view on Douglas Dynamics, with price targets ranging from $30.00 to $34.00, and ratings varying between "buy" and "hold".

Invenomic Capital Management LP boosted its position in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 60.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 490,603 shares of the auto parts company's stock after purchasing an additional 184,941 shares during the quarter. Invenomic Capital Management LP owned approximately 2.11% of Douglas Dynamics worth $11,397,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Douglas Dynamics by 0.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 2,451,938 shares of the auto parts company's stock worth $57,032,000 after buying an additional 11,297 shares during the period. Millennium Management LLC boosted its holdings in shares of Douglas Dynamics by 27.3% in the 4th quarter. Millennium Management LLC now owns 43,823 shares of the auto parts company's stock worth $1,036,000 after purchasing an additional 9,411 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Douglas Dynamics by 3,811.8% in the 1st quarter. GAMMA Investing LLC now owns 13,613 shares of the auto parts company's stock worth $316,000 after purchasing an additional 13,265 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Douglas Dynamics by 80.6% in the 4th quarter. Nuveen Asset Management LLC now owns 138,392 shares of the auto parts company's stock worth $3,270,000 after purchasing an additional 61,759 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in Douglas Dynamics by 72.7% during the 1st quarter. Teacher Retirement System of Texas now owns 132,214 shares of the auto parts company's stock valued at $3,071,000 after acquiring an additional 55,657 shares during the period. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Stock Performance

NYSE PLOW opened at $33.43 on Friday. The company has a current ratio of 2.11, a quick ratio of 0.99 and a debt-to-equity ratio of 0.51. The business's 50 day moving average is $30.89 and its two-hundred day moving average is $27.55. Douglas Dynamics, Inc. has a 12-month low of $21.30 and a 12-month high of $34.25. The stock has a market capitalization of $770.27 million, a price-to-earnings ratio of 11.98, a PEG ratio of 1.18 and a beta of 1.33.

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 the consensus estimate of $0.84 by $0.30. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%.The business had revenue of $194.33 million for the quarter, compared to analyst estimates of $189.47 million. During the same quarter in the previous year, the company earned $1.11 EPS. The company's quarterly revenue was down 2.8% on a year-over-year basis. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. Research analysts expect that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Analyst Ratings Changes

PLOW has been the subject of several recent research reports. DA Davidson boosted their price target on 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 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 stock. Based on data from MarketBeat.com, Douglas Dynamics has an average rating of "Moderate Buy" and an average target price of $30.00.

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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