Penn Capital Management Company LLC Acquires Shares of 10,677 Douglas Dynamics, Inc. $PLOW

Key Points

• Penn Capital Management Company LLC acquired **10,677 shares** of Douglas Dynamics, Inc. valued at approximately **$248,000** during the first quarter.
• Douglas Dynamics reported a **$1.14 EPS** for the last quarter, surpassing analysts' expectations of **$0.84** and had a total revenue of **$194.33 million**.
• Institutional investors hold **91.85%** of Douglas Dynamics' stock, underscoring strong interest from large investment firms.

Penn Capital Management Company LLC bought a new stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,677 shares of the auto parts company's stock, valued at approximately $248,000.

A number of other hedge funds also recently made changes to their positions in PLOW. Allspring Global Investments Holdings LLC boosted its holdings in shares of Douglas Dynamics by 0.5% in the 1st 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 last quarter. Pzena Investment Management LLC raised its position in Douglas Dynamics by 35.4% in the first quarter. Pzena Investment Management LLC now owns 2,273,003 shares of the auto parts company's stock worth $52,802,000 after acquiring an additional 593,962 shares during the period. Vanguard Group Inc. raised its position in Douglas Dynamics by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,317,898 shares of the auto parts company's stock worth $30,615,000 after acquiring an additional 26,118 shares during the period. Dimensional Fund Advisors LP boosted its stake in Douglas Dynamics by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 954,671 shares of the auto parts company's stock valued at $22,559,000 after acquiring an additional 44,063 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Douglas Dynamics by 18.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 909,283 shares of the auto parts company's stock valued at $21,487,000 after acquiring an additional 143,853 shares during the period. 91.85% of the stock is currently owned by institutional investors.

Douglas Dynamics Price Performance

PLOW opened at $33.83 on Friday. The firm has a 50-day moving average price of $30.03 and a 200-day moving average price of $27.07. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $34.12. 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 market capitalization of $779.48 million, a price-to-earnings ratio of 12.13, a PEG ratio of 1.22 and a beta of 1.32.

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, beating 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 company had revenue of $194.33 million for the quarter, compared to analysts' expectations of $189.47 million. During the same period in the prior year, the company posted $1.11 EPS. Douglas Dynamics'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. Equities analysts expect that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 17th were issued a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, June 17th. Douglas Dynamics's dividend payout ratio (DPR) is presently 42.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. DA Davidson raised their target price on Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Douglas Dynamics currently has an average rating of "Moderate Buy" and an average 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.