Invenomic Capital Management LP Grows Stake in 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 stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 60.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 490,603 shares of the auto parts company's stock after purchasing an additional 184,941 shares during the period. Invenomic Capital Management LP owned about 2.11% of Douglas Dynamics worth $11,397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PLOW. Hsbc Holdings PLC lifted its position in Douglas Dynamics by 31.8% during the fourth quarter. Hsbc Holdings PLC now owns 16,515 shares of the auto parts company's stock valued at $390,000 after purchasing an additional 3,982 shares during the period. Tudor Investment Corp ET AL lifted its position in Douglas Dynamics by 25.4% during the fourth quarter. Tudor Investment Corp ET AL now owns 28,859 shares of the auto parts company's stock valued at $682,000 after purchasing an additional 5,852 shares during the period. Northern Trust Corp lifted its holdings in Douglas Dynamics by 9.6% in the fourth quarter. Northern Trust Corp now owns 225,645 shares of the auto parts company's stock valued at $5,332,000 after acquiring an additional 19,768 shares during the period. Ameriprise Financial Inc. lifted its holdings in Douglas Dynamics by 62.5% in the fourth quarter. Ameriprise Financial Inc. now owns 47,014 shares of the auto parts company's stock valued at $1,111,000 after acquiring an additional 18,074 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Douglas Dynamics by 1.1% in the fourth quarter. Bank of America Corp DE now owns 274,978 shares of the auto parts company's stock valued at $6,498,000 after acquiring an additional 3,089 shares during the period. Institutional investors own 91.85% of the company's stock.

Douglas Dynamics Stock Performance

PLOW traded up $0.03 during midday trading on Wednesday, reaching $32.69. The company had a trading volume of 66,340 shares, compared to its average volume of 193,044. 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 business has a 50-day moving average of $31.11 and a two-hundred day moving average of $27.71. The company has a market cap of $753.06 million, a P/E ratio of 11.71, a P/E/G ratio of 1.19 and a beta of 1.33. 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 data on Monday, August 4th. The auto parts company reported $1.14 earnings per share (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 period in the prior year, the company posted $1.11 earnings per share. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. As a group, equities research analysts predict that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 16th will be paid a $0.295 dividend. 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 is 42.29%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PLOW shares. Wall Street Zen downgraded Douglas Dynamics from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. DA Davidson increased their target price on Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.