Pzena Investment Management LLC Grows Stake in Douglas Dynamics, Inc. $PLOW

Key Points

• Pzena Investment Management LLC increased its stake in Douglas Dynamics by 0.4%, owning approximately 9.83% of the company worth about $67.24 million.
• Douglas Dynamics' stock was downgraded from "buy" to "hold" by analysts, while another firm raised its price objective from $32.00 to $34.00.
• The company declared a quarterly dividend of $0.295, yielding 4.0%, and has a projected annualized payout ratio of 42.29%.

Pzena Investment Management LLC grew its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 0.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,281,587 shares of the auto parts company's stock after acquiring an additional 8,584 shares during the quarter. Pzena Investment Management LLC owned about 9.83% of Douglas Dynamics worth $67,238,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Douglas Dynamics by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,538 shares of the auto parts company's stock valued at $314,000 after purchasing an additional 546 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Douglas Dynamics by 2.9% during the first quarter. Victory Capital Management Inc. now owns 30,150 shares of the auto parts company's stock valued at $700,000 after buying an additional 850 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Douglas Dynamics by 10.1% during 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 in the last quarter. CWM LLC raised its holdings in Douglas Dynamics by 18.8% in the 2nd quarter. CWM LLC now owns 6,413 shares of the auto parts company's stock worth $189,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in Douglas Dynamics by 3.9% in the 1st quarter. Rhumbline Advisers now owns 34,313 shares of the auto parts company's stock worth $797,000 after acquiring an additional 1,286 shares during the last quarter. Institutional investors own 91.85% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on PLOW shares. Wall Street Zen downgraded Douglas Dynamics from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Douglas Dynamics in a research report on Wednesday, October 8th. Finally, DA Davidson lifted their price objective on Douglas Dynamics from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $30.00.

Douglas Dynamics Stock Down 2.0%

PLOW opened at $29.69 on Monday. The stock has a market cap of $684.06 million, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 1.07 and a beta of 1.29. 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's fifty day moving average is $32.01 and its 200 day moving average is $28.77. Douglas Dynamics, Inc. has a fifty-two week low of $21.30 and a fifty-two week high of $34.25.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted 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. The business had revenue of $194.33 million for the quarter, compared to analysts' expectations of $189.47 million. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%.The business's quarterly revenue was down 2.8% on a year-over-year basis. During the same period last year, the firm earned $1.11 earnings per share. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. On average, sell-side analysts forecast that Douglas Dynamics, Inc. will post 1.3 earnings per share for the current fiscal year.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 16th were paid a $0.295 dividend. This represents a $1.18 annualized dividend and a yield of 4.0%. The ex-dividend date was Tuesday, September 16th. Douglas Dynamics's dividend payout ratio is presently 42.29%.

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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