Penn Capital Management Company LLC Makes New $248,000 Investment in 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 acquired a new position in Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,677 shares of the auto parts company's stock, valued at approximately $248,000.

Several other large investors have also recently added to or reduced their stakes in the business. CWM LLC increased its position in shares of Douglas Dynamics by 24.2% in 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 during the last quarter. State of Wyoming acquired a new stake in shares of Douglas Dynamics in the 4th quarter worth $153,000. Aquatic Capital Management LLC lifted its stake in shares of Douglas Dynamics by 358.9% in the 4th quarter. Aquatic Capital Management LLC now owns 7,802 shares of the auto parts company's stock worth $184,000 after acquiring an additional 6,102 shares during the period. New York State Common Retirement Fund increased its holdings in shares of Douglas Dynamics by 10.1% in 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, Point72 Asset Management L.P. increased its holdings in shares of Douglas Dynamics by 50.5% in the 4th quarter. Point72 Asset Management L.P. now owns 10,680 shares of the auto parts company's stock valued at $252,000 after purchasing an additional 3,585 shares in the last quarter. 91.85% of the stock is owned by hedge funds and other institutional investors.

Douglas Dynamics Stock Down 1.4%

Shares of NYSE PLOW traded down $0.48 during trading on Friday, reaching $33.52. 19,194 shares of the stock were exchanged, compared to its average volume of 195,333. The business's 50-day moving average price is $30.44 and its 200 day moving average price is $27.29. Douglas Dynamics, Inc. has a twelve month low of $21.30 and a twelve month high of $34.25. 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 $772.21 million, a price-to-earnings ratio of 12.02, a price-to-earnings-growth ratio of 1.22 and a beta of 1.32.

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 during the quarter, compared to analyst estimates of $189.47 million. During the same quarter in the previous year, the firm earned $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, equities analysts forecast that Douglas Dynamics, Inc. will post 1.3 EPS for the current fiscal year.

Douglas Dynamics Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Douglas Dynamics from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. DA Davidson lifted their price target on shares of Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock 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.