Pzena Investment Management LLC Purchases Shares of 1,384,680 Douglas Dynamics, Inc. $PLOW

Key Points

• Pzena Investment Management purchased 1,384,680 shares of Douglas Dynamics, valued at approximately $74.7 million, giving it a 6% stake. Institutional investors and hedge funds collectively own 91.85% of the company.
• Analyst sentiment is mixed but leans positive: the stock has an average rating of “Moderate Buy” and an average price target of $51.67, despite ratings ranging from Strong Buy to Sell.
• Douglas Dynamics beat quarterly EPS expectations, reporting $1.22 versus the $1.08 consensus, while revenue of $214.65 million fell short of estimates. The company also maintains a $0.295 quarterly dividend, representing a 2.8% annualized yield.

Pzena Investment Management LLC purchased a new position in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,384,680 shares of the auto parts company's stock, valued at approximately $74,703,000. Pzena Investment Management LLC owned approximately 6.00% of Douglas Dynamics at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CIBC Private Wealth Group LLC grew its holdings in shares of Douglas Dynamics by 229.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,204 shares of the auto parts company's stock valued at $38,000 after acquiring an additional 839 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Douglas Dynamics by 136.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,257 shares of the auto parts company's stock worth $67,000 after acquiring an additional 1,303 shares in the last quarter. State of Wyoming raised its holdings in Douglas Dynamics by 20.0% during the second quarter. State of Wyoming now owns 2,430 shares of the auto parts company's stock worth $72,000 after acquiring an additional 405 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Douglas Dynamics by 18.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,609 shares of the auto parts company's stock valued at $85,000 after purchasing an additional 400 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in Douglas Dynamics during the fourth quarter valued at approximately $91,000. 91.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on PLOW. Freedom Capital raised Douglas Dynamics from a "hold" rating to a "strong-buy" rating in a research report on Monday, May 11th. Robert W. Baird dropped their price objective on Douglas Dynamics from $56.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 4th. DA Davidson set a $57.00 price objective on Douglas Dynamics in a report on Tuesday, August 4th. Zacks Research cut shares of Douglas Dynamics from a "hold" rating to a "strong sell" rating in a research note on Tuesday, August 4th. Finally, Weiss Ratings upgraded shares of Douglas Dynamics from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $51.67.

Douglas Dynamics Price Performance

NYSE:PLOW opened at $41.88 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 2.16 and a debt-to-equity ratio of 0.44. The stock's 50 day moving average price is $46.23 and its two-hundred day moving average price is $44.47. The firm has a market capitalization of $966.59 million, a price-to-earnings ratio of 19.04, a P/E/G ratio of 0.92 and a beta of 1.20. Douglas Dynamics, Inc. has a 12-month low of $28.52 and a 12-month high of $55.00.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The auto parts company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.14. Douglas Dynamics had a return on equity of 19.03% and a net margin of 7.52%.The company had revenue of $214.65 million during the quarter, compared to analysts' expectations of $219.45 million. Douglas Dynamics has set its FY 2026 guidance at 2.900-3.400 EPS. On average, analysts anticipate that Douglas Dynamics, Inc. will post 2.86 earnings per share for the current year.

Douglas Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were issued a dividend of $0.295 per share. The ex-dividend date of this dividend was Tuesday, June 16th. This represents a $1.18 annualized dividend and a yield of 2.8%. Douglas Dynamics's dividend payout ratio (DPR) is currently 53.64%.

About Douglas Dynamics

Douglas Dynamics, Inc is a leading designer, manufacturer and distributor of snow and ice removal equipment for commercial, municipal and residential markets. The company's product portfolio encompasses a wide range of truck-mounted plows, spreaders, salt brine systems and related accessories engineered to perform in challenging winter conditions. Its offerings cater to professional snow contractors, government agencies and retail customers seeking reliable solutions for snow and ice management.

Douglas Dynamics markets its products under several well-known brands, including Fisher Engineering, Western Products, Hiniker Company and Buyers Products.

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