Systematic Financial Management LP Increases Position in Douglas Dynamics, Inc. $PLOW

Key Points

• Systematic Financial Management LP increased its stake in Douglas Dynamics by 10.6%, acquiring an additional 29,351 shares to own a total of 305,804 shares worth approximately $7.1 million.
• Douglas Dynamics reported an earnings per share (EPS) of $1.14 for the latest quarter, surpassing estimates of $0.84, despite a 2.8% decline in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.295, yielding 3.5%, with a dividend payout ratio of 42.29%.

Systematic Financial Management LP raised its stake in shares of Douglas Dynamics, Inc. (NYSE:PLOW - Free Report) by 10.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 305,804 shares of the auto parts company's stock after buying an additional 29,351 shares during the quarter. Systematic Financial Management LP owned about 1.32% of Douglas Dynamics worth $7,104,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Douglas Dynamics by 4.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,992 shares of the auto parts company's stock valued at $307,000 after acquiring an additional 591 shares during the last quarter. Wellington Management Group LLP increased its position in Douglas Dynamics by 0.3% during the fourth quarter. Wellington Management Group LLP now owns 280,351 shares of the auto parts company's stock valued at $6,625,000 after acquiring an additional 750 shares during the last quarter. Victory Capital Management Inc. increased its position in 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 acquiring an additional 850 shares during the last quarter. New York State Common Retirement Fund increased its position in 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 during the last quarter. Finally, CWM LLC increased its position in Douglas Dynamics by 24.2% during 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. Hedge funds and other institutional investors own 91.85% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on PLOW. Wall Street Zen cut Douglas Dynamics from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. DA Davidson upped their price target 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 issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $30.00.

Douglas Dynamics Price Performance

NYSE PLOW traded down $0.48 during trading on Friday, hitting $33.52. 19,194 shares of the stock traded hands, compared to its average volume of 195,333. The company has a market capitalization of $772.23 million, a P/E ratio of 12.02, a price-to-earnings-growth ratio of 1.22 and a beta of 1.32. The firm has a 50-day simple moving average of $30.44 and a 200-day simple moving average of $27.29. The company has a quick ratio of 0.99, a current ratio of 2.11 and a debt-to-equity ratio of 0.51. Douglas Dynamics, Inc. has a 12-month low of $21.30 and a 12-month high of $34.25.

Douglas Dynamics (NYSE:PLOW - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The auto parts company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.30. Douglas Dynamics had a return on equity of 15.16% and a net margin of 11.38%.The business had revenue of $194.33 million during the quarter, compared to analyst estimates of $189.47 million. During the same period last year, the company earned $1.11 EPS. The company's revenue for the quarter was down 2.8% on a year-over-year basis. Douglas Dynamics has set its FY 2025 guidance at 1.650-2.150 EPS. As a group, analysts predict that Douglas Dynamics, Inc. will post 1.3 EPS for the current year.

Douglas Dynamics Dividend Announcement

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

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.