Nuveen LLC Makes New $2.85 Million Investment in Douglas Dynamics, Inc. $PLOW

Key Points

• Nuveen LLC made a new investment of approximately $2.85 million in Douglas Dynamics, acquiring 122,520 shares of the company's stock in the first quarter.
• Douglas Dynamics reported better-than-expected quarterly earnings, with $1.14 earnings per share, exceeding the consensus estimate of $0.84.
• The company also announced a quarterly dividend of $0.295, yielding 3.5% annually, with a payout ratio of 42.29%.

Nuveen LLC acquired a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 122,520 shares of the auto parts company's stock, valued at approximately $2,846,000. Nuveen LLC owned about 0.53% of Douglas Dynamics at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC lifted its position in 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 acquiring an additional 1,052 shares during the last quarter. State of Wyoming purchased a new stake in Douglas Dynamics in the fourth quarter valued at $153,000. Aquatic Capital Management LLC lifted its position in 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 acquiring an additional 6,102 shares during the last quarter. New York State Common Retirement Fund lifted its position in 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 acquiring an additional 938 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its position in Douglas Dynamics by 50.5% in the fourth quarter. Point72 Asset Management L.P. now owns 10,680 shares of the auto parts company's stock valued at $252,000 after acquiring an additional 3,585 shares during the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Stock Performance

NYSE PLOW traded down $0.63 during trading on Wednesday, reaching $32.78. The company's stock had a trading volume of 238,197 shares, compared to its average volume of 174,283. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.99 and a current ratio of 2.11. The firm has a market cap of $755.16 million, a price-to-earnings ratio of 11.75, a P/E/G ratio of 1.21 and a beta of 1.33. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $34.25. The business's fifty day moving average price is $30.81 and its 200-day moving average price is $27.50.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last issued its quarterly earnings results 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. Douglas Dynamics had a net margin of 11.38% and a return on equity of 15.16%. The business had revenue of $194.33 million for the quarter, compared to analyst estimates of $189.47 million. During the same period in the previous year, the business posted $1.11 earnings per share. The business's revenue 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. As a group, analysts anticipate that Douglas Dynamics, Inc. will post 1.3 EPS for the current fiscal year.

Douglas Dynamics Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were paid a dividend of $0.295 per share. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Tuesday, June 17th. Douglas Dynamics's payout ratio is 42.29%.

Analyst Ratings Changes

PLOW has been the topic of a number of recent research reports. Wall Street Zen lowered shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. DA Davidson lifted their price objective on shares of Douglas Dynamics from $32.00 to $34.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $30.00.

Douglas Dynamics 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.